VinaCapital Ventures pours 1 million USD into agritech startup
VinaCapital Ventures, a technology-focused venture capital fund of the Ho Chi Minh City-based VinaCaptial Group, has announced an investment of 1 million USD into Koina, an agritech startup founded in Vietnam.
A tomato farm in Don Duong district, Lam Dong province, joining the platform of Koina (Photo courtesy of Koina)
HCM City (VNA) – VinaCapitalVentures, a technology-focused venture capital fund of the Ho Chi Minh City-basedVinaCaptial Group, has announced an investment of 1 million USD into Koina, anagritech startup founded in Vietnam.
The investment from VinaCapitalVentures is part of Koina’s seed fundraising round.
Koina, established in 2021, aims to builda large and efficient agricultural ecosystem in Vietnam by connecting farmerswith financial organisations, suppliers, and retailers. Its “Farmer Platform”is intended to help farmers access loans, publicise prices, and give guidance ongood agricultural practices.
Thi Nguyen, co-founder and Chairman ofKoina, said the funding from VinaCapital Ventures will help his firm expandsales channels and increase investment in technology to control quality andboost the value of agricultural products of Vietnam.
Director of VinaCapital VenturesTrung Hoang said agriculture is the backbone of the Vietnamese economy, and hiscompany hopes to help improve the supply chain as well as the life quality ofVietnamese farmers.
It expects that by capitalising onthe knowledge of logistics and data analysis personnel, Koina can minimisewastefulness in logistics and improve farmers’ productivity, which areimportant to developing sustainable agriculture and creating more value forfarmers, he added./.
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A tomato farm in Don Duong district, Lam Dong province, joining the platform of Koina (Photo courtesy of Koina) 
