Incubate Fund Investments & Fund Profile

Overview

Early-stage venture capital specializing in technology startups.

Founded

2010

Deals · 12mo

13

Links

Website LinkedIn X (Twitter)

Stage focus

Seed

Series A

Geographic focus

India

Japan

United States

Sector focus

Venture Capital

Investment portfolio

75rounds

LedParticipated

NAME	DATE	SIZE
9lione	Sep 2026Participated	$0.78 MSeries A
Letara	Aug 2026Led	$16 MSeries A
Asuene	Jul 2026Participated	$42 MSeries D
NUJP	Jul 2026Led	$0.62 MOther Equity
Pixie Dust Technologies	May 2026Led	$21 MSeries D
ReFiBuy	May 2026Participated	$14 MSeed
Tancee	Apr 2026Led	$0.28 MSeed
Boost Health	Mar 2026Participated	$0.94 MSeed
LENZO	Mar 2026Participated	$3 MSeed
YAMASTRO	Feb 2026Led	$0.64 MSeed
SUiCTE	Feb 2026Led	$0.91 MSeed
Helios	Dec 2025Led	$0.32 MSeed
9lione	Sep 2026Participated	$0.78 MSeries A
Letara	Aug 2026Led	$16 MSeries A
Asuene	Jul 2026Participated	$42 MSeries D
NUJP	Jul 2026Led	$0.62 MOther Equity
Pixie Dust Technologies	May 2026Led	$21 MSeries D
ReFiBuy	May 2026Participated	$14 MSeed
Tancee	Apr 2026Led	$0.28 MSeed
Boost Health	Mar 2026Participated	$0.94 MSeed
LENZO	Mar 2026Participated	$3 MSeed
YAMASTRO	Feb 2026Led	$0.64 MSeed
SUiCTE	Feb 2026Led	$0.91 MSeed
Helios	Dec 2025Led	$0.32 MSeed

75 Items

75

Items

...

Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Incubate Fund: 75 funding rounds are recorded in the selected participation categories. All available history
Round type	Led deals	Participated deals
Seed	10	16
Series A	2	20
Series B	0	3
Series C+	2	3
Other Equity	4	15

Monthly Deal Activity

Incubate Fund: 75 deals are recorded across 150 months. All available history
Month	Deals
May '14	1
Jun '14	0
Jul '14	0
Aug '14	0
Sep '14	0
Oct '14	0
Nov '14	2
Dec '14	1
Jan '15	0
Feb '15	0
Mar '15	0
Apr '15	0
May '15	0
Jun '15	0
Jul '15	0
Aug '15	0
Sep '15	0
Oct '15	0
Nov '15	0
Dec '15	1
Jan '16	0
Feb '16	1
Mar '16	0
Apr '16	0
May '16	0
Jun '16	0
Jul '16	0
Aug '16	0
Sep '16	0
Oct '16	0
Nov '16	0
Dec '16	0
Jan '17	0
Feb '17	0
Mar '17	0
Apr '17	0
May '17	0
Jun '17	0
Jul '17	0
Aug '17	0
Sep '17	0
Oct '17	0
Nov '17	0
Dec '17	0
Jan '18	0
Feb '18	0
Mar '18	0
Apr '18	0
May '18	0
Jun '18	0
Jul '18	0
Aug '18	0
Sep '18	0
Oct '18	1
Nov '18	0
Dec '18	1
Jan '19	0
Feb '19	0
Mar '19	0
Apr '19	0
May '19	0
Jun '19	0
Jul '19	0
Aug '19	1
Sep '19	0
Oct '19	0
Nov '19	0
Dec '19	0
Jan '20	0
Feb '20	0
Mar '20	0
Apr '20	0
May '20	0
Jun '20	1
Jul '20	0
Aug '20	0
Sep '20	0
Oct '20	2
Nov '20	0
Dec '20	1
Jan '21	2
Feb '21	0
Mar '21	1
Apr '21	0
May '21	1
Jun '21	0
Jul '21	2
Aug '21	3
Sep '21	0
Oct '21	0
Nov '21	0
Dec '21	2
Jan '22	0
Feb '22	0
Mar '22	1
Apr '22	0
May '22	1
Jun '22	0
Jul '22	1
Aug '22	1
Sep '22	1
Oct '22	0
Nov '22	0
Dec '22	1
Jan '23	0
Feb '23	0
Mar '23	1
Apr '23	0
May '23	0
Jun '23	0
Jul '23	0
Aug '23	2
Sep '23	0
Oct '23	1
Nov '23	0
Dec '23	2
Jan '24	1
Feb '24	2
Mar '24	3
Apr '24	1
May '24	2
Jun '24	2
Jul '24	4
Aug '24	2
Sep '24	0
Oct '24	2
Nov '24	0
Dec '24	1
Jan '25	0
Feb '25	0
Mar '25	1
Apr '25	0
May '25	0
Jun '25	0
Jul '25	0
Aug '25	1
Sep '25	2
Oct '25	3
Nov '25	0
Dec '25	1
Jan '26	0
Feb '26	2
Mar '26	2
Apr '26	1
May '26	2
Jun '26	0
Jul '26	2
Aug '26	1
Sep '26	1
Oct '26	0

Sector Breakdown

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Incubate Fund: Networks, Cloud & Communication is the largest displayed sector by deal count (21 deals). All available history
Sector	Deals
Networks, Cloud & Communication	21
Enterprise Software	17
AI & Machine Learning	16
E-Commerce & Retail	15
Space & Frontier Tech	13
Manufacturing	11
Data, Analytics & IT	10
Transportation & Logistics	10
Hardware & Robotics	10
Health & Life Sciences	10
Marketing & Advertising	9
Professional Services	9
Food & Agriculture	8
Fintech	7
Developer Tools	7
Clean Energy & Sustainability	6
Consumer & Lifestyle	6
AR/VR	5
Real Estate & Construction	5
Crypto & Blockchain	4
Gaming & eSports	4
Cybersecurity & Privacy	3
Social & Community Platforms	3
Education & Workforce	2
Media & Entertainment	2

Deal Size Distribution

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Incubate Fund: 75 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)	Deals
<$5M	44
$5M-$10M	9
$10M-$25M	16
$25M-$50M	5
$50M-$100M	1
$100M-$250M	0
$250M-$500M	0
$500M-$1B	0
$1B+	0

Deals By Geography

Top 10 of 10 regions; European countries are grouped as Europe.

Incubate Fund: Japan has the largest recorded deal count among the displayed regions (40 deals). All available history
Region	Deals
Japan	40
United States	16
India	12
Europe	1
Taiwan	1
日本	1
Philippines	1
Malaysia	1
Brazil	1
Australia	1

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Incubate Fund: 20 co-investors are shown, with Vela Partners sharing 8 recorded deals. All available history
Co-investor	Shared deals
Vela Partners	8
Mitsubishi UFJ Capital	6
DNX Ventures	4
Matrix Partners India	4
Mitsui Sumitomo Insurance Venture Capital	4
SMBC Venture Capital	4
Angel Bridge	3
Ankur Capital	3
Hokuyo Bank	3
Info Edge	3
Spiral Capital	3
Yokohama Capital	3
468 Capital	2
AET Fund	2
Aozora Corporate Investment	2
Environmental Energy Investment	2
Fusion Fund	2
Gemba Capital	2
Globe Advisors	2
Globis Capital Partners	2