Investors / Japan / Incubate Fund
Incubate Fund
Venture capital · Tokyo, Japan · Asia Pacific
Incubate Fund is a seed-focused venture capital firm from Japan that has invested in over 700 startups. Its Asia arm, launched in 2016, runs funds targeting pre-seed and seed-stage startups in India and Southeast Asia.
Invests inFintech
In its own wordssector agnosticdeep techspace techfintechsme enablerstier 2 cities
Your fit with Incubate Fund
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsIncubate Fund lists 37 checked portfolio companies on its own site and is named in 5 funding rounds, 2 of them as lead. Its most frequent entry is Seed, 80% of the companies with a known first round. Its largest themes are Fintech (29%), E-commerce & Marketplaces (14%) and Healthcare & Biotech (10%). 79% of its companies are based in India. It invests most often alongside SMBC Asia Rising Fund, Stride Ventures and 3one4 Capital.
Counts come from funding rounds that name Incubate Fund, 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 Incubate Fund's whole history. Rounds on record name 5 companies; its own site lists 37. 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 | 80% |
| Series A | 20% |
| Series B | 0% |
| 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 | 2 | 2 |
| '26 | 3 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 75th | 37 companies |
| Recent activity | 86th | 5 rounds in 12 months |
| Early stage | 83th | 80% of entries at pre-seed or seed |
| Evidence | 72th | 8% of companies confirmed by a round |
| Sector focus | 49th | 29% in its largest sector |
| Reach | 84th | 6 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 29% | 12% |
| E-commerce & Marketplaces | 14% | 6% |
| Healthcare & Biotech | 10% | 15% |
| AI & Machine Learning | 9% | 18% |
| Food & Agriculture | 9% | 3% |
| Education | 5% | 7% |
| Consumer | 5% | 3% |
| Real Estate & Construction | 3% | 3% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| SMBC Asia Rising Fund | 13 |
| Stride Ventures | 6 |
| 3one4 Capital | 2 |
| Accel | 2 |
| Alteria Capital | 2 |
| Ankur Capital | 2 |
| Blume Ventures | 2 |
| British International Investment | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers37100%
- 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 togetherAll co-investors or Compare portfolios with SMBC Asia Rising Fund
Compare Incubate Fund 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 Incubate Fund| Date | Company | Stage |
|---|---|---|
| 26 May 2026 | Series A | |
| 25 Feb 2026 | Seed | |
| 12 Feb 2026 | Seed | |
| 8 Dec 2025 | Seed Led | |
| 27 Nov 2025 | Seed Led |
Round details for Incubate Fund
Amounts, full round histories and every co-investor in Incubate Fund's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
37 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company provides solar financing and procurement services to businesses and residential customers in India. | FintechEducation | Portfolio page | ||
| Glamzy sells beauty and wellness products online. | Healthcare & BiotechE-commerce & Marketplaces | Portfolio page | ||
| Captain Fresh is a global seafood powerhouse that trades in seafood products across various countries. | Food & Agriculture | Portfolio page | ||
| Centricity provides wealth management and investment services to individuals and families | FintechFintech | Portfolio page | ||
| DPDzero provides an AI-led full stack collections platform for banks and non-banking financial companies | FintechAI & Machine Learning | Portfolio page | ||
| Drip Capital provides financing to businesses for working capital needs, such as paying vendors or unlocking cash from unpaid invoices. | FintechLegal & Compliance | Portfolio page | ||
| Easy Home Finance provides home loans and other financial services to homeowners | FintechHuman Resources | Portfolio page | ||
| Elixiir Foods curates and delivers fresh, wholesome food through a seamless omnichannel platform | Food & Agriculture | Feb 2026Seed | Funding round | |
| Etaily provides e-commerce enabling and retail services to brands | E-commerce & MarketplacesConsumer | Portfolio page | ||
| Fairdeal.market delivers wholesale FMCG products to retailers | E-commerce & MarketplacesFood & Agriculture | May 2026Series A | Page + round | |
| FANTAIL provides an ecosystem for Indian fashion retail. | E-commerce & MarketplacesFintech | Portfolio page | ||
| Flent provides thoughtfully furnished, move-in ready homes for rent | Real Estate & Construction | Portfolio page | ||
| Flipspaces designs and delivers intelligent spaces that help businesses perform and scale | Real Estate & Construction | Portfolio page | ||
| FreshTerra sources and stocks food products, partnering with farmers and small-batch producers to offer a range of items in their stores. | Food & Agriculture | Portfolio page | ||
| The company sells kids' clothing and accessories online. | E-commerce & MarketplacesConsumer | Portfolio page | ||
| Ledgerowl helps manage and organize financial matters for businesses, from bookkeeping to taxation. | FintechLegal & Compliance | Portfolio page | ||
| Lumov designs and sells orthotic products, such as knee braces and compression stockings. | Healthcare & Biotech | Dec 2025Seed | Page + round | |
| M2P Fintech provides banking, lending, and payment solutions to financial institutions | FintechFintech | Portfolio page | ||
| Modifi provides a platform for business payments and trade finance for global commerce | FintechE-commerce & Marketplaces | Page + round | ||
| Waggle creates and sells devices for monitoring pets and RVs | ConsumerIndustrial & Manufacturing | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- incubatefund.in
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 27 Nov 2025
- Companies checked
- 37
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.
Get Incubate Fund's profile as data
Pull Incubate Fund's portfolio, co-investors and changes through one API key or MCP, open every portfolio row, compare it with other firms, and get an email when it adds a company or files a fund.
Work email, sign-in link by email. Already have an account? Log in- Ask AI5 plain-English investor searches a day
- Full listsEvery portfolio row and two-firm overlap
- API and MCP100 REST or MCP calls a month, one key
- AlertsFollow 5 investors for portfolio and fund changes
$ curl -H "X-API-Key: YOUR_KEY" \
https://api.vcinfo.io/v1/firms/incubatefund.in
# also
GET /v1/firms/incubatefund.in/portfolio
GET /v1/firms/incubatefund.in/coinvestors
GET /v1/firms/incubatefund.in/news