TechCoop Secures $28 Million Investment Led by BlueOrchard to Bolster Vietnam's Climate Resilience
Deal News | Feb 24, 2025 | BlueOrchard Finance SA
The InsuResilience Investment Fund Private Equity II (IIF II), managed by BlueOrchard Finance SA, has finalized a significant investment in the Vietnam-based agri-tech company TechCoop. The $28 million funding round aims to bolster TechCoop’s efforts to enhance climate resilience for over 200,000 smallholder farmers. TechCoop, established in 2022, leverages a robust agri-tech platform to provide trade payment, market access, and digital services tailored to the needs of agri-SMEs and farmer cooperatives. Particularly notable is its capacity to distribute crop insurance, addressing the market’s vulnerability to climate change. BlueOrchard's investment underscores a commitment to sustainable agriculture and the resilience of Vietnam against climate-related risks. As part of its involvement, IIF II will join TechCoop's Board of Directors, aiming to strengthen corporate governance and climate insurance offerings within the agricultural sector. This strategic partnership is framed as a public-private initiative focused on providing growth capital, with aims for market-rate returns yet managing risks through first-loss protection.
Sectors
- Agriculture Technology (AgriTech)
- Climate Resilience and Insurance
- Private Equity
Geography
- Vietnam – TechCoop focuses its operations in Vietnam, a country highly vulnerable to climate change impacts, where the investment is expected to improve climate resilience.
- Global Impact Investing – BlueOrchard, as a global impact investor, has a broad operational footprint but is particularly focused here on Vietnam as a market for sustainable impact through innovative agricultural solutions.
Industry
- Agriculture Technology (AgriTech) – TechCoop operates within the AgriTech sector, providing technological solutions to facilitate trade payments, market access, and digital services to Vietnamese farmers and agri-SMEs.
- Climate Resilience and Insurance – The investment aims to enhance climate resilience through crop insurance, a critical need for Vietnam's agricultural sector given its vulnerability to climate change.
- Private Equity – The participation of BlueOrchard Finance's InsuResilience Investment Fund reflects the involvement of private equity in fostering sustainable investments and providing growth capital to emerging markets.
Financials
- USD 28 million – The total amount raised in the funding round for TechCoop, aimed at enhancing climate resilience through insurance and expanding their platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TechCoop | Target Company | Company | A Vietnam-based agri-tech and agri-fintech company providing trade payment solutions, market access, digital services, and crop insurance to smallholder farmers. |
| BlueOrchard Finance SA | Private Equity Firm | Company | A leading global impact investment manager focusing on delivering positive social and environmental impacts, part of the Schroders Group. |
| InsuResilience Investment Fund Private Equity II (IIF II) | Investor | Company | A fund managed by BlueOrchard that invests in climate insurance solutions and broadens accessibility to finance in emerging markets. |
| Hao Diep | CEO | Person | The Chief Executive Officer of TechCoop, spearheading the company's strategic expansion into climate insurance for smallholder farmers in Vietnam. |
| Mahesh Joshi | Head of Private Equity Investments Asia | Person | Part of BlueOrchard Finance, overseeing the firm's private equity strategies and investments in Asia. |