Farmnet Company Limited, the domestic trading arm of Vietnamese integrated agritech platform TechCoop, has announced the disbursement of an $11.75-million senior secured loan from Geneva-based impact investment firm Symbiotics.
The financing forms part of TechCoop’s broader capital strategy, which also includes a planned Series B equity raise later this year.
The facility marks the first offshore institutional loan raised by a Vietnam-incorporated TechCoop entity, underscoring the scalability of its agricultural supply-chain platform.
TechCoop last year closed a $70-million Series A round comprising a mix of equity and debt. The round was co-led by existing investors TNB Aura and AVV, with participation from prominent new investors including BlueOrchard, FMO, AppWorks, and Capria Ventures.
Farmnet operates as TechCoop’s domestic trading unit, sourcing and distributing agricultural commodities across Vietnam. It works with processors, cooperatives, and farming businesses, offering scale and flexible payment terms. The unit operates across 20 locations and trades products including cassava, coconut, cashew, durian, coffee, fresh fruits, and processed agricultural goods.
TechCoop reported revenue of about $220 million for FY2025. Farmnet serves more than 641 cooperatives and agri-enterprises across 28 of Vietnam’s 34 provinces.
Proceeds from the Symbiotics loan will be used to fund working capital, supporting higher trading volumes with processors, cooperatives, and agri-SMEs.
The company said the financing will enhance liquidity across the value chain, enabling agricultural players to access more stable market channels and improve operational resilience while boosting income opportunities for local stakeholders.
“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,” said Aldric Luyt, Head of Fintech, Symbiotics.
“We are proud to partner with Symbiotics for Farmnet’s first offshore loan to catalyse domestic business on our way to our target of $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,” said Tuan Nguyen, Vietnam Country Head & Co-founder, TechCoop.
Symbiotics provides market access for impact investing in private markets across emerging and frontier economies, offering investment, asset management, and capacity-building services. Its portfolio companies have benefitted from over 170 technical assistance projects worth more than $19 million.
TechCoop Investment & Technology Pte. Ltd., headquartered in Singapore, operates across Southeast Asia and serves more than 25 global markets. The company plans to expand into Cambodia, Laos, and Thailand in 2026. Its institutional backers include TNB Aura, AVV, FMO, BlueOrchard, AppWorks, and SMBC Asia Rising Fund.
