TECHCOOP Secures Landmark $70M Series A with Equity & Debt Funding to Revolutionise Vietnam’s Agriculture Sector

Ho Chi Minh City, Vietnam – February 24, 2025

TECHCOOP, Vietnam’s fast-rising integrated agritech platform, has successfully closed a landmark $70 million Series A funding round, comprising equity and debt financing.

The equity round was co-led by existing investors TNB Aura and AVV, with participation from prominent new investors, including BlueOrchard, FMO, AppWorks and Capria Ventures. This milestone funding positions TECHCOOP to accelerate its growth trajectory and digitize Vietnam’s agricultural value chains.

Revolutionising the Agriculture Supply Chain 

TECHCOOP is at the forefront of digital innovation in agriculture, offering a B2B platform that provides end-to-end solutions tailored for export-oriented supply chains. The platform empowers Agri-MSMEs and farmer clubs — critical stakeholders in Vietnam’s agriculture sector — through comprehensive services such as technology enablement, product traceability, flexible payment terms, and enhanced market access for commercialising agricultural goods.

With a strategic focus on high-value crops like cashew nuts, coconut, coffee, fresh fruits and vegetables, TECHCOOP champions sustainable farming practices while bolstering Vietnam’s food security.

The company plans to leverage the Series A funding to strengthen its technology stack and expand its export infrastructure. Equity funding will enhance TECHCOOP’s supply chain integrator and direct exporter capacity, addressing the growing demands of global buyers. Meanwhile, debt financing will underpin advanced risk control measures and robust corporate governance, essential for scaling efficiently in international markets.

“This significant investment underscores the transformative potential of technology in enhancing the agricultural sector. With this funding, we will expedite our mission to empower 2,000 agri-SMEs, 50,000+ farmer clubs, and 10 million smallholder farmers within the supply chain while promoting sustainable agricultural practices. We are enthusiastic about utilising these resources to expand our platform and strengthen partnerships to become a leading agritech company in Southeast Asia,” said Hao Diep, Co-founder and CEO of TECHCOOP.

“We are putting more focus on innovation and digital technology. We aim to create a strong tech platform connecting Agri-MSMEs and farmers’ clubs, including smallholder farmers, to global supply chains. We will also invest in better tools and systems to make servicing easier for our partners,” Tuan Nguyen, Co-founder and CTO of TECHCOOP, remarked.

Financial Highlights

This $70 million Series A is one of Vietnam’s largest-ever funding rounds in the agritech space, comprising $28 million in equity funding and $42 million in debt financing. The round was co-led by Southeast Asia-focused venture capital firms TNB Aura and AVV, with new equity investors Capria Ventures, AppWorks, FMO (Dutch entrepreneurial development bank) and BlueOrchard (an impact investment manager under Schroders Group) joining. Debt financing was supported by major Vietnamese banks and international debt funds.

Since its inception in late 2022, TECHCOOP has achieved profitability while sustaining a remarkable 10% month-on-month growth rate. The company is on track to achieve $130 million in annualised revenue by the end of 2024, with projections reaching $250 million by 2025 and $400 million by 2026.

Charles Wong, Managing Partner at TNB Aura, added: “We have been consistently impressed with TECHCOOP’s innovative approach to empowering stakeholders across Vietnam’s agricultural value chain. This landmark Series A brings together a unique and synergistic combination of equity funds and debt providers, which we believe puts TECHCOOP in pole position to further accelerate growth. TNB Aura is proud to support TechCoop in this journey and contribute to revolutionising SEA’s agricultural sector, starting with Vietnam.”

Eddie Thai, General Partner at AVV, noted, “This is one of the largest-ever Series A financing of a Vietnamese startup, and it reflects the confidence equity and debt investors have in the team and their work to drive sustainable growth in the sector. We are glad to offer continued support and look forward to seeing TECHCOOP enable even more farmers and agri-businesses to unlock value in the agricultural ecosystem in Vietnam and the region.” 

Mahesh Joshi, Head of Private Equity Investments Asia at BlueOrchard added, “TECHCOOP is one of the few integrated tech platforms serving farmers and agri-SMEs in Vietnam, addressing the major constraint of access to payment terms across the agri value chain. Our investment will enable the company to broaden its outreach and develop climate insurance capacity to enhance the resilience of smallholder farmers in Vietnam.”

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About TECHCOOP

TECHCOOP is a full stack B2B platform for export-oriented agriculture value chain, providing digital, growth liquidity, and market linkage services to agri-SMEs and farmer clubs in Vietnam and eventually Southeast Asia.