Investors / China / INCE Capital
INCE Capital
Venture capital · China · Asia Pacific
INCE Capital is a global venture capital firm founded in 2019 that invests in early to expansion-stage companies. It manages more than US$1 billion across its managed funds, with an investor base of university endowments, foundations, family offices and funds of funds.
Invests inAI & Machine LearningHealthcare & Biotech
In its own wordsaitechnologyconsumerbiotechearly stageexpansion stage
Your fit with INCE Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsINCE Capital lists 18 checked portfolio companies on its own site and is named in 5 funding rounds, 1 of them as lead. Its most frequent entry is Seed, 33% of the companies with a known first round. Its largest themes are AI & Machine Learning (27%), Healthcare & Biotech (20%) and Robotics & Hardware (10%). 50% of its companies are based in United States. It invests most often alongside Animoca Brands, Granite Asia and Lince Capital.
Counts come from funding rounds that name INCE Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not INCE Capital's whole history. Rounds on record name 3 companies; its own site lists 18. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 33% |
| Series A | 33% |
| Series B | 33% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 5 | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 46th | 18 companies |
| Recent activity | 86th | 5 rounds in 12 months |
| Early stage | 64th | 33% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 41th | 27% in its largest sector |
| Reach | 70th | 4 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 27% | 18% |
| Healthcare & Biotech | 20% | 15% |
| Robotics & Hardware | 10% | 1% |
| Media & Entertainment | 10% | 4% |
| E-commerce & Marketplaces | 10% | 6% |
| Fintech | 10% | 12% |
| Mobility & Logistics | 3% | 1% |
| Consumer | 3% | 3% |
Invests most often with
firms sharing its portfolio companies
Amazon Industrial Innovation Fund
1Show as a table
| Share | |
|---|---|
| Animoca Brands | 3 |
| Granite Asia | 3 |
| Lince Capital | 3 |
| Qiming Venture Partners | 3 |
| Lilly Asia Ventures | 2 |
| Top Harvest Capital | 2 |
| Alumni Ventures | 1 |
| Amazon Industrial Innovation Fund | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers18100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare INCE Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with INCE Capital| Date | Company | Stage |
|---|---|---|
| 22 Oct 2026 | Seed | |
| 1 Sept 2026 | Series B | |
| 2 Jul 2026 | Series A | |
| 1 Jun 2026 | Series B Led |
Round details for INCE Capital
Amounts, full round histories and every co-investor in INCE Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
18 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Avenzo Therapeutics develops next-generation oncology therapies to transform cancer treatment | Healthcare & Biotech | Portfolio page | ||
| Bambusa Therapeutics develops next-generation bispecific antibodies to treat immunological and inflammatory disorders | Healthcare & Biotech | Portfolio page | ||
| Bubblemaps provides a blockchain analytics platform for crypto research, tracing funds, and wallet analysis in real-time across all chains | FintechCrypto & Web3 | Portfolio page | ||
| Cyber combines AI and social context to make crypto easier to use, understand, and build on. | AI & Machine LearningFintech | Portfolio page | ||
| Dyna Robotics develops and deploys commercial-grade robots for various industries such as hospitality, logistics, and factory operations. | Robotics & HardwareAI & Machine Learning | Portfolio page | ||
| FeiLiu Tech operates a platform for clothing wholesale and production, utilizing AI technology for supply chain management. | E-commerce & MarketplacesAI & Machine Learning | Portfolio page | ||
| Lynksoul develops an AI game companion that provides real-time voice guidance and emotional companionship to enhance the gaming experience. | GamingAI & Machine Learning | Portfolio page | ||
| iMile is a tech-enabled last-mile disruptor facilitating global e-commerce through express logistics services. | E-commerce & MarketplacesE-commerce & Marketplaces | Portfolio page | ||
| Lovart creates designs using artificial intelligence. | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| MaxInsights builds data foundations for physical AI by collecting and structuring real-world experience data on a global scale. | AI & Machine LearningRobotics & Hardware | Oct 2026Seed | Funding round | |
| The company operates an online pharmacy platform. | Healthcare & Biotech | Portfolio page | ||
| MyShell AI creates a platform for building, sharing, and owning AI agents and provides various AI-powered tools for image generation and editing. | AI & Machine LearningMedia & Entertainment | Portfolio page | ||
| Pebble manufactures and sells all-electric recreational vehicles | Mobility & Logistics | Portfolio page | ||
| Petkit produces and sells automated pet care products such as litter boxes, feeders, and water fountains. | ConsumerHealthcare & Biotech | Portfolio page | ||
| PhiGent Robotics develops and provides intelligent driving solutions, including smart vision and motion sensing products | Robotics & Hardware | Portfolio page | ||
| Ronovo Surgical develops and provides a modular platform for surgical operations called Carina | Healthcare & Biotech | Portfolio page | ||
| The company generates 3D models from text prompts or images using artificial intelligence. | AI & Machine LearningMedia & Entertainment | Jun 2026Series B · 3 rounds | Funding round | |
| UXLINK operates a web3 social platform and infrastructure for super apps and dapps | FintechHealthcare & Biotech | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- incecap.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 1 Jun 2026
- Companies checked
- 18
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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