Stage FocusSeed
GeographyJapan, Southeast Asia, India
TypeVC
Last Activity2025
Industry Focus
Industries
AI InfrastructureSpace Tech
Technical BenchLimited
Investor TypeGeneralist
ExposureSome DeepTech Investments
Bio
Incubate Fund was founded in 2010 and has grown into Japan's largest early-stage VC, with $800M in AUM and 274 investments. The firm focuses exclusively on seed-stage, primarily Japan-based startups, with 25 IPOs (including Sansan and Gumi) and 13 acquisitions.
The team of 70 includes 20 partners operating from Japan, Singapore, India, Southeast Asia, and Brazil. Deep tech exposure is limited but...
Notable Investments
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ispaceS
SansanSimilar Funds
BEENEXT
Singapore, Singapore
GeneralistAI InfrastructureSeedSeries A
Genesia Ventures
Tokyo, Japan
GeneralistAI InfrastructureSpace TechClimate TechPre-SeedSeed
Granite Asia
Singapore, Singapore
GeneralistAI InfrastructureClimate TechMedTechSeedSeries A
Sequoia Capital
Menlo Park, United States
GeneralistAI InfrastructureSpace TechRoboticsSeedSeries A
360 One Asset
Mumbai, India
GeneralistAI InfrastructureSpace TechDefense & SpacePre-SeedSeed
Accel
Bangalore, India
GeneralistAI InfrastructureTransport & MobilityAdvanced ManufacturingPre-SeedSeed