Agritech firm FoodMap raises $1M
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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.
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.
Questions & Answers
Q.What is FoodMap's primary business activity?
What is FoodMap's primary business activity?
FoodMap connects farmers and small to medium-sized agricultural producers with consumers. This aims to provide transparency and traceability for farming products.
Q.How much total funding has FoodMap secured since it was founded?
How much total funding has FoodMap secured since it was founded?
Since its establishment in 2020, FoodMap has received a total of $4.5 million in funding. This includes the recent $1 million bridge round.
Q.Which investors participated in this recent bridge funding round?
Which investors participated in this recent bridge funding round?
Existing investors Vulpes Investment Management, Beenext, and Wavemaker Partners participated. A new investor, a Singapore family office, also joined the round.