DealStreetAsia
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.
KAMEREO was founded in 2018 by Japanese expatriate Taku Tanaka, who was the COO at PE firm Mekong Capital-backed restaurant chain Pizza 4Ps.
Vietnam is one of the largest food production hubs of Southeast Asia, according to Goh Yiping, partner of Quest Ventures. “There is much room to grow in solving many of the inefficiencies of the supply chain today, improving farmers’ livelihood outcomes and procuring the best products for businesses and homes,” she said.
For CPF Group, the investment in KAMEREO helps it penetrate further into the technology facet of the Vietnamese food value chain. The Thai giant has invested extensively in Vietnam through developing processing facilities and distribution network. Earlier this year, it built Southeast Asia’s largest complex of breeding and processing chicken for export in Binh Phuoc, southern Vietnam.
