Key Takeaways
- TECHCOOP raised a $70 million Series A funding round, including $28 million in equity and $42 million in debt financing.
- The round was co-led by TNB Aura and AVV, with participation from BlueOrchard, FMO, AppWorks, and Capria Ventures.
- TECHCOOP provides B2B solutions for export-oriented agricultural supply chains, focusing on traceability, flexible financing, and market access.
- The funding will be used to enhance digital infrastructure, expand export operations, and strengthen governance and risk control measures.
- The company reports a 10% month-on-month growth rate and expects to reach $130 million in annualized revenue by 2024.
TECHCOOP Raises $70 Million to Strengthen Agritech Infrastructure
Vietnam-based agritech platform TECHCOOP has successfully closed a $70 million Series A funding round, securing both equity and debt financing. The round was co-led by TNB Aura and AVV, with new participation from BlueOrchard, FMO, AppWorks, and Capria Ventures.
This funding will enable TECHCOOP to expand its digital platform, strengthen agricultural value chain integration, and enhance risk control measures for global market expansion.
“This significant investment underscores the transformative potential of technology in enhancing the agricultural sector,” said Hao Diep, Co-founder and CEO of TECHCOOP. “With this funding, we will expedite our mission to empower 2,000 agri-SMEs, 50,000+ farmer clubs, and 10 million smallholder farmers while promoting sustainable agricultural practices.”
Digitizing Vietnam’s Agricultural Supply Chain
B2B Solutions for Export-Oriented Agriculture
TECHCOOP operates a B2B agritech platform designed to support agri-MSMEs and farmer clubs with:
- Technology enablement – Digital tools for supply chain optimization and transaction management.
- Product traceability – Ensuring quality control and compliance for export markets.
- Flexible payment terms – Expanding financing options for farmers and agribusinesses.
- Market access – Connecting Vietnamese agricultural producers to global buyers.
The company focuses on high-value crops, including cashew nuts, coconut, coffee, fresh fruits, and vegetables, with an emphasis on sustainability and food security.
“We are putting more focus on innovation and digital technology,” said Tuan Nguyen, Co-founder and CTO of TECHCOOP. “We aim to create a strong tech platform connecting Agri-MSMEs and farmers’ clubs to global supply chains.”
Financial Highlights and Growth Projections of TECHCOOP
One of Vietnam’s Largest Agritech Fundraising Rounds
The $70 million Series A round includes:
- $28 million in equity funding, co-led by TNB Aura and AVV, with contributions from Capria Ventures, AppWorks, FMO, and BlueOrchard.
- $42 million in debt financing, supported by Vietnamese banks and international debt funds.
Since its inception in late 2022, TECHCOOP has reported:
- A 10% month-on-month growth rate.
- Projected $130 million in annualized revenue by 2024.
- Revenue targets of $250 million in 2025 and $400 million in 2026.
“We have been consistently impressed with TECHCOOP’s approach to empowering Vietnam’s agricultural value chain,” said Charles Wong, Managing Partner at TNB Aura. “This funding positions TECHCOOP for continued expansion and growth in the sector.”
Strengthening Agricultural Resilience and Financial Access
Expanding Climate Resilience and Financial Inclusion
With the new funding, TECHCOOP aims to broaden its outreach by integrating climate insurance services to support smallholder farmers facing financial risks.
“TECHCOOP is one of the few integrated tech platforms serving agri-SMEs and farmers in Vietnam,” said Mahesh Joshi, Head of Private Equity Investments Asia at BlueOrchard. “Our investment will help the company enhance resilience across the agricultural value chain.”
The company plans to continue developing its supply chain infrastructure, improving data transparency, and expanding partnerships to drive further growth.
Looking Ahead For TECHCOOP
With the Series A investment, TECHCOOP aims to scale operations, enhance digital infrastructure, and strengthen governance. As the company continues its expansion, it remains focused on optimizing Vietnam’s agricultural exports, supporting agribusinesses, and advancing financial inclusion within the sector.
