Kamereo gets $4.6M to connect farmers and F&B businesses in Vietnam
While working as the chief operating officer of a pizza chain in Vietnam, Taku Tanaka saw how difficult it is for restaurants to connect with farmers. Many small F&B businesses can’t buy in large volumes, so they rely on nearby markets or multiple suppliers who only sell one category. In turn, this means farmers are disconnected from the end customers of their products, making it hard to predict selling prices or plan their crops. Tanaka founded Kamereo, B2B platform with its own warehouse and last-mile delivery network, to focus on those problems.
Vietnam-based foodtech firm KAMEREO raises $4.6m
July 19, 2021
Vietnam-based food-tech startup KAMEREO has raised a $4.6 million funding co-led by Thai conglomerate Charoen Pokphand’s CPF Group, Quest Ventures, and Genesia Ventures.
KAMEREO said in a statement it will use part of the new investment to expand its team and develop a one-stop procurement platform for its F&B businesses.
The Ho Chi Minh City-based company will expand to Hanoi next year, build a new warehouse management system, as well as upgrade its tech coverage, user experience and service quality of its website and mobile app.
The company’s statement confirms DealStreetAsia’s report last year that KAMEREO was targeting to raise $4.5 million for a Series A round.