Techcoop is a technology company.
Techcoop is one of the first AgriTech companies in Vietnam, focusing on optimizing the agriculture production supply chain through technology and data-driven solutions.
Techcoop has raised $28.0M across 1 funding round.
Techcoop has raised $28.0M in total across 1 funding round.
TechCoop is a Vietnam-based agtech company founded in 2023 that builds a technology-enabled B2B platform digitizing the agricultural supply chain. It provides integrated solutions including trade financing, input procurement, marketplaces, digital trade credit, ERP systems, export services, and working capital support like "buy now, pay later" to agribusinesses, SMEs, farmer cooperatives, and smallholder farmers.[1][2][4] The platform serves stakeholders in Vietnam's export-driven agriculture sector, targeting a $23 billion serviceable market in Vietnam and $54 billion across Southeast Asia, by solving inefficiencies such as fragmented data, working capital gaps, lack of transparency, and limited market access—delivering resilient supply chains, financial inclusion, better incomes for farmers, and food safety.[1][2][3] TechCoop has shown strong growth momentum, achieving ~$140 million in annualized sales by end-2024, $75 million revenue and $2 million profit in 2024, consistent profitability since inception, and a $70 million Series A funding round led by TNB Aura, positioning it for $500 million topline in three years.[2][3]
TechCoop was founded in 2023 in Ho Chi Minh City by co-founders Hao Diep and Tuan Nguyen, both with deep expertise in banking, agriculture, and technology development.[2] The idea emerged from recognizing persistent challenges in Vietnam's agriculture supply chains, such as unreliable crop yields, financing barriers for SMEs and cooperatives, and inefficient coordination among stakeholders from farmers to buyers.[1][2][4] Early traction came from focusing on trade financing for agricultural SMEs and cooperatives, quickly expanding to end-to-end services amid double-digit monthly growth; a pivotal moment was securing $70 million in Series A funding in 2024, affirming investor confidence despite a tough agrifoodtech funding climate, and partnerships with financial institutions, IoT providers, and buyers.[2][3]
TechCoop stands out in the agtech space through these key strengths:
TechCoop rides the wave of agtech digitization in Southeast Asia, where smallholder farmers face 20-30% losses from inefficiencies, amplified by climate volatility, rising export demand (e.g., Vietnam's crop exports), and needs for financial/tech inclusion amid a $54 billion regional opportunity.[2][3] Timing is ideal post-2024 funding crunch, as investors prioritize profitable, mission-driven models; market forces like government pushes for sustainable agriculture, fintech scalability, and global buyer demand for traceable exports favor TechCoop's approach.[1][3][4] It influences the ecosystem by empowering SMEs/farmers with working capital, market access, and tech (e.g., insurance tie-ins), fostering resilient chains that boost food security and competitiveness, while setting a playbook for upstream platforms in developing markets.[2][3]
TechCoop is primed to dominate Vietnam's agtech as a profitable scaler, leveraging its $70M war chest for platform expansion, cross-border exports, and infrastructure to hit $500M revenue.[2][3] Trends like AI-driven traceability, climate-resilient financing, and SEA export booms will propel it, with new 2025 initiatives targeting massive smallholder reach amid FMO's $5.75M backing for SME growth.[3][4] Its influence could evolve into a regional "Super-Anchor," redefining inclusive supply chains—echoing its core mission to optimize agriculture for all stakeholders through technology.[1]
Techcoop has raised $28.0M in total across 1 funding round.
Techcoop's investors include Ascend Vietnam Ventures, Dragonfly Capital Partners, Ron Hose.
Techcoop has raised $28.0M across 1 funding round. Most recently, it raised $28.0M Series A in December 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2024 | $28.0M Series A | Ascend Vietnam Ventures, Dragonfly Capital Partners, Ron Hose |