# Incubate Fund

Source: https://capitalatlas.ai/funds/incubate-fund

> 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.

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.

## Facts

- Type: Venture Capital Firm (Investor)
- Headquarters: Tokyo, Japan
- Founded: 2010
- Website: https://incubatefund.com/
- Estimated dry powder: $260.2M
- AUM: $10.8B
- Latest fund: Incubate Fund LP, $63.9M
- Estimated cheque size: $185.6K–$5.8M
- Stages: Angel, Seed, Series A, Series B, Series C, Series D, Series E, Series F, Secondaries, Early Stage
- Sectors: Information Technology, Diversified, Industrials
- Regions: Asia
- Last seen investing: Sep 2026
- Investments in the last 12 months: 37

## Recent investments (newest 5 of 416)

- Sep 2026: 9lione, Inc. (Series A, $780K)
- Sep 2026: Metro Weather Co., Ltd. (Series B, $9.4M)
- Sep 2026: POWER LASER TECHNOLOGY INC (Unspecified Round, $7.5M)
- Sep 2026: Paytner Inc. (Series D, $14.4M)
- Aug 2026: Mesotron (Unspecified Round)

## Questions

### How much does Incubate Fund invest per deal?

Based on the size of its funds, Incubate Fund writes estimated cheques of $185.6K–$5.8M. Lead cheques usually sit at the top of that range and follow-on cheques lower.

### What stages does Incubate Fund invest in?

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

### How much capital does Incubate Fund have left to invest?

Incubate Fund has an estimated $260.2M in dry powder: capital it has raised but not yet invested.

### What has Incubate Fund invested in recently?

Recent investments include 9lione, Inc., Metro Weather Co., Ltd. and POWER LASER TECHNOLOGY INC. It made 37 investments in the last 12 months.

### Where is Incubate Fund based?

Incubate Fund is headquartered in Tokyo, Japan. It has 6 other offices.

### How do I contact Incubate Fund?

Partner names, emails and LinkedIn profiles for Incubate Fund 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:

- 411 more deals (416 in total), with amounts and co-investors
- 268 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/incubate-fund) 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 `11f5c11d-b7d1-4c0e-9838-f96bf83dcad3`) returns the full profile, and on Pro or Team `find_relevant_contacts` returns partner contacts, for investors matched to the founder's startup.