Agritech

Techcoop raises $5M for Vietnam's smallholder farmers and agri-SMEs

March 25, 2024

Say hey to Techcoop! This Vietnamese agritech startup offers trade, financing, and advisory solutions for smallholder farmers and agri-SMEs across export-driven supply chains. Now, they’ve just raised $5M in equity and debt.

  • In the last 9 months, they went from nearly zero to a $35M top line run rate.
  • Partnered with over 2,000 agri-SMEs and farmer clubs and reached over 150,000 farmers.

Investor check. Ascend Vietnam Ventures (AVV), TNB Aura, Ethos Ventures, MYSC, and Mandala Capital joined in.

  • Several local banks were also involved.

🧑🏻‍🌾 How it works

Sell to global markets. They let you access international buyers from major markets like the US, Europe, China, and Japan.

  • They even support you to hit their supplier requirements and help deliver your products to them.
  • Farmers and SMEs can also use services for traceability, ERP, and more that help them better prepare for exports.

Money won’t be a problem. They make it easy for you to pay for what you need to grow your farm/business.

  • Access 3-6 month payment terms for agri-inputs like fertilizers, crop protection, seedlings, and mechanical services.
  • Access 30-60 day payment terms for agri-outputs like nuts, fruits, and vegetables.

🤑 What’s with the $$$?

They’ll be developing their tech and expanding across 30 cities and provinces in Vietnam through 8 strategic hubs.

Extra Scoop: Read our Ice Breakers with Techcoop’s founder and CEO, Hao Diep here.

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