Thursday , June 20 2024

Agritech firm FoodMap raises $1M

Vietnamese agritech company FoodMap has raised $1 million in a bridge round from foreign investors to expand its presence to new markets.

Founder and CEO Tung Pham said that existing investors including Vulpes Investment Management, Beenext and Wavemaker Partners participated in this round, DealStreetAsia reported.

A Singapore family office also joined as a new investor.

The Ho Chi Minh City-based company has received a total of $4.5 million in funding since its establishment in 2020.

FoodMap connects farmers and small and medium-size agricultural producers with consumers to provide transparency and traceability of farming products.

The company offers its services via website and smartphone app.

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