# INCE Capital

Source: https://capitalatlas.ai/funds/ince-capital

> Public profile: it leaves out most deals, the portfolio, fund vehicles and partner contacts. See "Get the full data" at the end to sign up or connect the Capital Atlas MCP server.

INCE Capital is a private equity firm based in China. The firm focuses on venture opportunities. It invests in a diversified range of industries, including business services, consumer discretionary, energy, healthcare, industrials, information technology, raw materials and TMT in China.

## Facts

- Type: Venture Capital Firm
- Headquarters: Shanghai, China
- Founded: 2019
- Website: https://www.incecap.com
- Estimated dry powder: $133.4M
- AUM: $1B
- Latest fund: INCE Capital Partners III
- Estimated cheque size: $1.7M–$12.6M
- Stages: Angel, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Early Stage
- Sectors: Consumer Discretionary, Information Technology, Industrials
- Regions: Asia
- Last seen investing: Sep 2026
- Investments in the last 12 months: 12

## Recent investments (newest 5 of 77)

- Sep 2026: Tripo (Series B, $446.5M)
- Sep 2026: VAST (Series B, $446.3M)
- Jul 2026: VAST (Series A, $147.2M)
- Jun 2026: LiblibAI (Series B, $300M)
- Jun 2026: VAST (Series A, $200M)

## Questions

### How much does INCE Capital invest per deal?

Based on the size of its funds, INCE Capital writes estimated cheques of $1.7M–$12.6M. Lead cheques usually sit at the top of that range and follow-on cheques lower.

### What stages does INCE Capital invest in?

INCE Capital has invested at Angel, Seed, Series A, Series B, Series C and Series D. Its most frequent rounds on record are Series A, Series B and Series C.

### How much capital does INCE Capital have left to invest?

INCE Capital has an estimated $133.4M in dry powder: capital it has raised but not yet invested.

### What has INCE Capital invested in recently?

Recent investments include Tripo, VAST and VAST. It made 12 investments in the last 12 months.

### Where is INCE Capital based?

INCE Capital is headquartered in Shanghai, China. It has 3 other offices.

### How do I contact INCE Capital?

Partner names, emails and LinkedIn profiles for INCE Capital are on the Capital Atlas Pro and Team plans, which also draft outreach and track replies. Check the stages and cheque size above first, so you pitch a firm that fits your round.

## Get the full data

This file is the public profile. It leaves out:

- 72 more deals (77 in total), with amounts and co-investors
- 54 portfolio companies, with sector, stage at entry, year and status
- Its fund vehicles, with vintage, size and status
- Partner names, emails and LinkedIn profiles

### For the founder

1. Sign up free at https://capitalatlas.ai/login (or add an email on https://capitalatlas.ai/funds/ince-capital) to see every deal, portfolio company, fund and office on the profile.
2. Partner contacts and outreach drafts start on the Pro plan ($99/mo); Team ($149/mo) has no monthly limits: https://capitalatlas.ai/pricing

### For you, the agent

- Connect the Capital Atlas MCP server: `https://capitalatlas.ai/api/mcp` (remote MCP over HTTP; the founder signs in with OAuth).
- Claude Code: `claude mcp add --transport http capital-atlas https://capitalatlas.ai/api/mcp`
- Other clients and setup steps: https://capitalatlas.ai/vc-mcp. How to use the tools: https://capitalatlas.ai/for-agents.md
- Call `atlas_mcp_status` first. On `free`, the tools are not available; send the founder the `upgradeUrl`.
- `get_fund_manager_profile` (fundManagerId `6ce9015f-ac07-4d19-bc6b-ad52aed841cd`) returns the full profile, and on Pro or Team `find_relevant_contacts` returns partner contacts, for investors matched to the founder's startup.