- Techcoop raises $5M to empower Vietnam’s smallholder farmers and agri-SMEs.
- The agritech startup connects farmers to global markets, enabling access to financing and services.
- Funds will be used to develop technology and expand presence across Vietnam.
Techcoop, a Vietnamese agritech startup that provides trade, financing, and advisory solutions for smallholder farmers and agri-SMEs across export-driven supply chains, has raised $5M in equity and debt.
In the last 9 months, the company has achieved remarkable growth, going from nearly zero to a $35M top line run rate and partnering with over 2,000 agri-SMEs and farmer clubs, reaching over 150,000 farmers.
Connecting farmers to global markets
Techcoop enables farmers and agri-SMEs to access international buyers from major markets such as the US, Europe, China, and Japan, supporting them in meeting supplier requirements and delivering their products.
The platform also offers services for traceability, ERP, and more, helping farmers and SMEs better prepare for exports.
Additionally, Techcoop makes it easy for farmers and agri-SMEs to access financing, offering 3-6 month payment terms for agri-inputs like fertilizers, crop protection, seedlings, and mechanical services, as well as 30-60 day payment terms for agri-outputs like nuts, fruits, and vegetables.
Expanding reach and developing technology
The $5M funding round, which included participation from Ascend Vietnam Ventures (AVV), TNB Aura, Ethos Ventures, MYSC, Mandala Capital, and several local banks.
They will be used to develop Techcoop’s technology and expand its presence across 30 cities and provinces in Vietnam through 8 strategic hubs.
