TechCoop’s subsidiary, Farmnet Company Ltd., has raised US$11.75 million loan from Symbiotics. The goal is to grow its agricultural supply chain operations in Vietnam.
This is an important milestone because it is the first time a TechCoop company registered in Vietnam has received funding from an international (offshore) institutional investor.
The money will be used as working capital. It will help Farmnet handle larger trade volumes and work more closely with processors, cooperatives, and small agricultural businesses.
Farmnet buys and sells agricultural products across Vietnam. It works closely with processors, cooperatives, and farming businesses acting as a strong and well-funded trading partner. This allows Farmnet to handle large volumes and offer flexible payment options.
The company operates in 20 locations across the country. It deals in important Vietnamese products like cassava, coconut, cashew, durian, coffee, fresh fruits, and other processed agricultural goods.
Tuan Nguyen, Vietnam Country Head & Co-founder, TechCoop, said We are proud to partner with Symbiotics for Farmnet’s first offshore loan to catalyze domestic business on our way to our target of USD 500 million in revenue for 2026. Vietnam and Southeast Asia agribusiness continues to be a safe haven for foreign investment looking for solid returns in tumultuous times.”
Aldric Luyt, Head of Fintech, Symbiotics, said Our investment in TechCoop will strengthen working capital solutions for agricultural SMEs, supporting their growth through a unique model that combines financing with digital and advisory services tailored to local needs. This partnership reflects Symbiotics’ commitment to empowering every link in the agricultural value chain.”
Founded in 2022, techCoop Investment & Technology Pte. Ltd. is a Singapore-based company operating in the agricultural supply chain. It operates across Southeast Asia and sells its products in over 25 countries around the world.
The company is planning to expand further by starting operations in Cambodia, Laos, and Thailand in 2026.
TechCoop is backed by well-known investors such as TNB Aura, AVV, FMO, BlueOrchard, Appworks, and SMBC Asia Rising Fund.
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