Monit raises USD 2.5 million to improve spend management for Indonesian businesses
Monit, a Jakarta-based spend management platform, has raised USD 2.5 million in a funding round led by Cento Ventures, with participation from Sansan. Existing investors 1982 Ventures and Init 6 also took part.
Founded in 2022, Monit offers a corporate card platform that integrates artificial intelligence-driven tools to streamline business spending, expense tracking, and financial control.
The capital will be used to enhance Monit’s product suite, particularly its predictive insights and automation features, and to grow its team. The company also plans to expand into other Southeast Asian markets.
GreenTeams secures Series A funding to scale climate tech in Indonesia
GreenTeams, a climate technology firm headquartered in Singapore with operations across Indonesia, has secured an undisclosed amount in a Series A funding round led by the Oriza Greenwillow Technology Fund.
The company builds real-time environmental monitoring systems for emissions and air quality to support regulatory compliance and industrial decarbonization.
Proceeds will be used to expand nationwide deployment, enhance AI-based forecasting tools, and strengthen integrations with ESG (environmental, social, and governance) data platforms.
GreenTeams is also preparing to launch an extended Series A round to bring in additional partners.
AI Hay raises USD 10 million to grow hyperlocal AI platform in Vietnam
AI Hay, a Vietnam-based AI startup, has raised USD 10 million in a Series A funding round led by Argor Capital, according to TechNode Global. Existing investors Square Peg, Northstar Ventures, AppWorks, and Phoenix Holdings also participated. The round brings the company’s total funding to more than USD 18 million.
Founded in 2024, AI Hay combines generative AI with curated local content and social features to deliver personalized knowledge tools for Vietnamese users. Its platform enables question-and-answer interactions supported by themed communities and interactive discovery feeds.
The new capital will support expansion into web-based experiences, continued product development in education and entertainment, and the growth of AI-powered digital companions.
Rebee lands seed funding to grow digital physiotherapy in Southeast Asia
Rebee, a health tech startup based in Singapore, has raised USD 1.18 million in seed funding to scale its digital physiotherapy solution. The round was backed by Paragon Ventures I, Seeds Capital, 1337 Capital 1, The LAB9, and C-shark SG.
The company provides a platform and wearable sensor system that delivers real-time feedback and personalized recovery plans for patients with musculoskeletal conditions. Rebee said its tools support safe, evidence-based physiotherapy at home, including for post-surgical, chronic, and acute care.
The funds will be used to advance product development, grow clinical partnerships in Singapore, Malaysia, and Australia, and expand its commercial team. A portion will also go toward research into patient outcomes and engagement.
Recent deals completed in China:
- Jupiter Semi, a provider of 3D spatial display solutions, has raised an eight-figure RMB sum in a pre-Series A funding round led by Wenzhi Venture Capital. The company plans to use the funds to strengthen its R&D efforts and upgrade its production line to accelerate commercialization. Founded in 2021, Jupiter Semi offers full-stack solutions including optical design, 3D visual algorithms, and module integration. Its systems are compatible with LCD, OLED, and mini LED panels, supporting applications in advertising, entertainment, healthcare, beauty, and smart home devices. —36Kr
- Cavan Auto, a new energy vehicle startup, has secured over RMB 1.2 billion (USD 168 million) in a pre-Series A round. New investors include the Beijing Green Energy Fund, while existing backers BAIC Foton, BAIC Capital, Bosch Ventures, and Boyuan Capital also participated. Institutional investors such as Guotai Junan Innovation Investment, CICC Capital, and Jinyuan Group joined the round as well. Employees contributed through a shareholding platform. The proceeds will go toward R&D, digital infrastructure, ecosystem development, and general operations. —36Kr
- Sufang New Energy Technology, a battery materials startup, has raised an eight-figure RMB sum in an angel plus round backed exclusively by Midas Capital. ViU Capital acted as the financial advisor. The funds will support the development and commercialization of high-performance lithium manganese-rich cathode materials. —36Kr
Shiok Burger, Timah Partners, Casbot, and more made recent headlines:
- Shiok Burger, a fusion burger brand, closed its pre-Series A funding round led by AC Ventures. Existing investors CFF Fund, Spiral Rise Capital, and a publicly listed Chinese food conglomerate also participated, significantly increasing their stakes.
- Timah Partners, based in Singapore, received USD 50 million in Series A funding to launch a permanent holding company focused on succession solutions for small and medium enterprises in Southeast Asia. Its backers include Mitch Rales (Danaher), Nick Howley (TransDigm), Alex Behring (3G Capital), and Compounding Labs.
- Casbot, a Zhongguancun-based developer of humanoid robots, raised nearly RMB 100 million (USD 14 million) in an angel plus funding round. The investors include Lens Technology, Tianjin Jiayi, and returning backers SDIC Unity Capital and Henan Asset Management.
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