Food supplier led by Japanese CEO raises $7.8M in latest funding round

By Dat Nguyen December 10, 2024 | 12:29 am PT

HCMC-based food supply startup Kamereo has secured US$7.8 million in its latest funding round, bringing its total funding to $15 million.

The startup, founded and managed by Japanese entrepreneur Taku Tanaka – who was previously the managing director of restaurant chain Pizza 4P’s, received the latest investment from a number of investors including Sumitomo Corporation, Inspire, SMBC Venture Capital, Mitsubishi UFJ Capital and Reazon Holdings.

Taku Tanaka, founder and CEO of Kamereo. Photo courtesy of the company

It plans to use the fund to expand its operations in multiple cities across Vietnam. This includes strengthening the product offering, diversifying activities, introducing new services and further developing product features, according to a news release by the startup.

Founded in 2018, Kamereo supplies fresh ingredients such as vegetables, fruits and meat to over 3,000 customers including restaurants, supermarkets, convenience stores, factories, schools and hospitals.

"Vietnam, with a population surpassing 100 million in 2023 and ongoing economic growth, presents significant market potential, particularly in its food distribution network, where there is room for greater efficiency," said Taiki Goto, a representative of Mitsubishi UFJ Capital.

The company is enhancing its marketplace where suppliers can sell to customers using its logistics network.