Techcoop Secures $70 Million in Series A Funding to Digitize Agricultural Sector

Techcoop, an integrated agritech platform based in Vietnam, has successfully raised $70 million in a Series A funding round. The funding, which combines both equity and debt financing, is a significant step for the company as it looks to scale its operations and drive the digitization of Vietnam’s agricultural value chains. The equity component of $28 million was co-led by existing investors TNB Aura and AVV, with notable participation from new investors including BlueOrchard, FMO, AppWorks, and Capria Ventures. Meanwhile, $42 million in debt financing was secured from major Vietnamese banks and international debt funds.

The fresh capital injection will help Techcoop accelerate its growth and strengthen its technology infrastructure. With a focus on expanding its export infrastructure, the firm plans to enhance its role as a supply chain integrator and direct exporter, responding to growing global demand. In addition to boosting its technology stack, the debt financing will support advanced risk control measures and corporate governance, enabling Techcoop to scale efficiently in international markets.

Techcoop’s platform serves as a business-to-business (B2B) solution, providing end-to-end services for export-oriented agricultural supply chains. By enabling agri-micro, small, and medium enterprises (MSMEs) as well as farmer clubs, the company is helping these critical stakeholders access flexible payment terms, improved market reach, and enhanced product traceability. This approach supports sustainable farming practices and bolsters Vietnam's food security. Techcoop’s strategic focus on high-value crops such as cashew nuts, coconut, coffee, and fresh fruits positions the company as a leader in Southeast Asia’s agritech space.

The company’s founders expressed enthusiasm about the new funding. Hao Diep, Co-founder and CEO, emphasized Techcoop’s mission to empower thousands of agri-businesses and smallholder farmers while promoting sustainable agricultural practices. Meanwhile, Tuan Nguyen, Co-founder and CTO, highlighted the company’s commitment to innovation and building stronger tech platforms that connect farmers with global supply chains. Techcoop aims to continue supporting farmers with better tools and systems to enhance service delivery.

Since its inception in 2022, Techcoop has achieved profitability and demonstrated impressive growth, boasting a 10% month-on-month increase. The company projects $130 million in annualized revenue by the end of 2024, with plans to reach $250 million by 2025 and $400 million by 2026. With this new funding, Techcoop is well-positioned to further revolutionize Vietnam’s agricultural sector and expand its reach across Southeast Asia, empowering farmers and agri-businesses alike.