Almost half the global population is highly vulnerable to the impacts of climate change, from droughts and heatwaves to floods and more severe storms.
For the vast majority of the world’s 2.5 billion smallholder farmers, these extreme weather events put agricultural supply chains at risk due to lower harvests and greater food loss.
But such losses can be mitigated with more technology as well as access to working capital, export markets, and insurance solutions for growers, says Ryan Galloway, chief growth officer at Vietnam-based agtech startup Techcoop.
Techcoop offers all of those things via its agribusiness platform that digitizes the ag supply chain in order to make it more transparent and efficient for both smallholder farmers and the markets they serve.
Earlier this year, the company closed a $70 million Series A round in what was one of Vietnam’s largest-ever agtech raises and the top deal for Southeast Asia agrifoodtech in the last year, according to AgFunder’s 2025 Developing Markets Agrifood Investment report.
Ag marketplaces as a category was the highest-funded one of all in Southeast Asia in 2024, underscoring investor confidence in the concept and the opportunities for digitization amongst smallholders.
Below, Galloway explains more about his company and its mission.
AgFunderNews (AFN): What problems does Techcoop solve for farmers?
Ryan Galloway (RG): One is export market access: helping AgriSMEs and cooperatives currently supplying to companies that export to do it themselves directly.
Another is sustainable payment terms. For suppliers, that means improving buyer deposits and payment days to get working capital back into businesses so they can continue to grow. For buyers it’s to redeploy capital previously used for deposits to other parts of the business, to be additional purchasing firepower during peak raw materials seasons.
Overall, Techcoop aims to make the agricultural supply chain more efficient and create better financial, trade, and digital inclusions.
The upstream stakeholders, namely farmers and farmer clubs, are facing consequences of climate change that result in low harvests or food losses, which can be mitigated by applying more technology and bringing finance, market linkage, and insurance solutions to the plantations with flexible payment terms and product traceability.
AFN: What sets Techcoop apart from other similar offerings?
RG: Honestly, we haven’t run into a company that combines all of the things that we do to support AgriSMEs and cooperatives: technology, payments, sales support. We work best when we are augmenting a customer’s existing strengths with our team and experience to help them scale.
AFN: How would you describe your experience building a startup in 2024?
The year 2024 was a milestone that affirmed the trust that investors, farmers, and partners have placed in Techcoop. Securing $70 million in Series A funding underscored confidence in our business model, which addresses agriculture’s key challenges—access to finance, markets, and technology.
As the overall business and customer base increase, the essential principle is to stay disciplined, humble, and results driven, ensuring that every initiative delivers maximum value to all stakeholders.
This year reinforced the importance of resilience, strategic collaboration, and a mission-driven approach to building a more sustainable and inclusive agricultural ecosystem.
In the last year, we also achieved around $75 million in revenue and $2 million in profit.
AFN: A $70 million Series A is quite an achievement given how tough it’s been for agrifoodtech funding of late. Was the raise a difficult process?
RG: We’ve been profitable since day one and have been fortunate to have solid growth, so our experience may have been different from other companies in this regard. Of course it took longer than we would have liked, but that was mostly because we wanted to talk to everyone so we could make an informed decision on who to work with.
AFN: What’s on for the rest of 2025?
RG: We’re locked in on delivering 2025 results—should be a fun year with some new initiatives to help us scale.
With the funding, Techcoop will expedite its mission to empower 2,000 agri-SMEs, 50,000+ farmer clubs, and 10 million smallholder farmers toward transforming an export-oriented supply chain and promoting sustainable agricultural practices.
We are enthusiastic about utilizing these resources to expand our platform and infrastructure and strengthen partnerships with the end objectives of helping the value chain in general and farm clubs and agribusiness in particular.
Download AgFunder’s 2025 Developing Markets AgriFoodTech Investment report.
