Incubate Fund
Est. dry powder
$260.2M
Raised, not yet invested
AUM
$10.8B
Assets under management
Latest fund
$63.9M
Incubate Fund LP
Est. cheque size
$185.6K–
From fund sizes
Deals, last 12 months
37
Last seen investing Sep 2026
About Incubate Fund
Incubate Fund is a Tokyo-based venture capital firm targeting seed to early stage opportunities in Japan, US, India, and Asia. It focuses on IT and internet start-ups operating in various sectors including business services, consumer services, financial services, healthcare, media, and gaming. It also invests in cutting-edge technologies such as AR, VR, AI, IoT, robotics, drones, and blockchain. Incubate Fund is active in community building for seed-stage entrepreneurs and venture capital firms, organizing meetups and events such as Incubate Camp and Asia Leaders Summit. In 2018, Incubate Fund established Incubate Fund LP (IFLP) Fund, a fund of funds targeting seed-stage venture funds, as a way to support young independent general partners in Japan.
- Type
- Venture Capital Firm (Investor)
- Headquarters
- Tokyo, Tokyo, Japan
- Stages
- AngelSeedSeries ASeries BSeries CSeries DSeries ESeries F+2
- Est. cheque size
- $185.6K–$5.8M
- Sectors
- Information Technology, Diversified, Industrials
- Regions
- Asia
- Strategies
- Seed, Pre-Seed, Series A
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- Seed128
- Series A80
- Series B38
- Series C16
- Series D10
Across 416 deals
Portfolio sectors
- Software22
- Financial Services8
- —7
- Aerospace7
- Internet5
Across 268 companies
Portfolio countries
- Japan75
- India14
- US8
- Australia1
- Brazil1
Across 268 companies
Recent investments
Newest 5 of 416
- Series A$780K
9lione, Inc.
Sep 2026 · Series A
- Series B$9.4M
Metro Weather Co., Ltd.
Sep 2026 · Series B
- Unspecified Round$7.5M
POWER LASER TECHNOLOGY INC
Sep 2026 · Unspecified Round
- Series D$14.4M
Paytner Inc.
Sep 2026 · Series D
- Unspecified Round—
Mesotron
Aug 2026 · Unspecified Round
Offices
7 locations
- Tokyo, Tokyo, JapanHQ
- Mountain View, California, US
- Singapore, Singapore
- Tokyo, Tokyo, Japan
- Mumbai, Maharashtra, India
- Tokyo, Tokyo, Japan
Show 1 more officesShow fewer offices
- Bangalore, Karnataka, India