Vietnam’s TECHCOOP Raises $70M to Scale Agri-Supply Chain Innovations

Vietnamese agritech startup TECHCOOP has raised US$70 million in a Series A funding round, making it one of the largest investments in the country’s agritech sector. The funding comprises US$28 million in equity and US$42 million in debt financing. The equity round was co-led by Ascend Vietnam Ventures (AVV) and TNB Aura, with new investors BlueOrchard, FMO, Capria Ventures, and AppWorks also joining the round.

TECHCOOP announced the successful fundraising on February 24, stating that the capital will support its mission to enhance agricultural productivity through technology-driven solutions. The company aims to strengthen its integrated agritech platform, expand operations, and accelerate innovation in Vietnam’s farming sector.

TECHCOOP plans to use fresh capital to enhance its technology infrastructure and expand its export capabilities. The equity funding will strengthen its role as a supply chain integrator and direct exporter, allowing it to meet the increasing demand from international buyers. Meanwhile, the debt financing will support advanced risk management strategies and reinforce corporate governance, ensuring efficient global scalability.

With this investment, TECHCOOP plans to empower 2,000 agri-SMEs, over 50,000 farmer clubs, and 10 million smallholder farmers in its supply chain while promoting sustainable agricultural practices. 

Established in late 2022, TECHCOOP runs a B2B platform offering comprehensive solutions for export-focused agricultural supply chains. It enhances market access, integrates technology, ensures product traceability, and provides flexible payment options to support agri-MSMEs and farmer clubs, driving the commercialization of Vietnam’s agricultural products.

TECHCOOP specializes in high-value crops, including coffee, coconut, cashew nuts, and fresh fruits and vegetables. Through digital innovation, the company improves supply chain efficiency and supports sustainable farming, strengthening Vietnam’s food security and enhancing its position in global agriculture.

Since its launch, TECHCOOP has achieved profitability with a steady 10% month-on-month growth rate. The company expects to generate US$130 million in annualized revenue by the end of 2024, with projections reaching US$250 million in 2025 and US$400 million by 2026.