Techcoop, a Vietnamese agritech startup, raised a historic USD70 million Series A funding led by TNB Aura and AVV, aiming to advance agricultural technology and infrastructure.

Information on the Target

Techcoop, a Vietnamese agritech startup, has successfully raised USD70 million in a Series A funding round, marking it as potentially the largest Series A investment in Southeast Asia's agritech sector to date. This funding comprises USD28 million in equity and USD42 million in debt financing, facilitated by notable investors such as TNB Aura and Ascend Vietnam Ventures (AVV). The capital raised is intended to enhance technology capabilities and develop crucial export infrastructure for the company.

In the Agriculture & Food sector, Enfarm, an innovative agritech firm in Vietnam, has secured seed funding from Touchstone Partners among others. Enfarm aims to revolutionize traditional farming practices by providing farmers with data-driven services to enhance crop yields while minimizing waste and input costs.

Industry Overview in Vietnam

The agritech industry in Vietnam has been experiencing significant growth, driven by increasing demand for efficient agricultural practices and innovative solutions that address food security challen