Investors / Japan / Incubate Fund
Incubate Fund
Venture capital · Tokyo, Japan · Asia Pacific
Incubate Fund is a Japanese venture capital firm that invests in startups around the seed stage, including before and just after founding. It manages its flagship and related funds, leads rounds, and runs the Incubate Camp seed acceleration program.
Invests inAI & Machine Learning
In its own wordsseed stageearly stagejapanaccelerationhands-on support
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 218 checked portfolio companies on its own site. Its largest themes are AI & Machine Learning (16%), Enterprise Software (14%) and Healthcare & Biotech (12%). 91% of its companies are based in Japan. It invests most often alongside Global Brain, Mitsui Sumitomo Insurance Capital and Canal Ventures.
No funding round on record names Incubate Fund yet, so the figures come from its portfolio page.
Round figures show recent activity, not Incubate Fund's whole history. Rounds on record name 0 companies; its own site lists 218. 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.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 16% | 18% |
| Enterprise Software | 14% | 8% |
| Healthcare & Biotech | 12% | 15% |
| Fintech | 9% | 12% |
| Education | 7% | 7% |
| Media & Entertainment | 6% | 4% |
| Industrial & Manufacturing | 6% | 7% |
| E-commerce & Marketplaces | 6% | 5% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Global Brain | 16 |
| Mitsui Sumitomo Insurance Capital | 16 |
| Canal Ventures | 13 |
| Spiral Capital | 12 |
| Z Venture Capital | 10 |
| DBJ Capital | 9 |
| Globis Capital Partners | 8 |
| Mint | 7 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 99th | 218 companies |
| Recent activity | 46th | 0 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 4th | 16% in its largest sector |
| Reach | 96th | 11 countries |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers21599%
- No longer answers00%
- Points to another company31%
- 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 Incubate Fund head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Portfolio
218 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| 9lione provides a cloud-based pharmaceutical management system | Healthcare & Biotech | Portfolio page | ||
| The company engages in various business activities, including game development and financial reporting. | Enterprise SoftwareGaming | Portfolio page | ||
| Aeria provides an AI powered facilities management and tenant experience platform for real estate | Real Estate & ConstructionAI & Machine Learning | Portfolio page | ||
| The company develops and implements smart agriculture technologies, including AI and robotics, to improve farming efficiency and sustainability. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| The company provides protein and nucleic acid structure analysis services | Healthcare & Biotech | Portfolio page | ||
| The company develops and provides AI-based software for medical diagnosis, particularly for gastrointestinal cancer, to assist doctors in their diagnosis. | Healthcare & Biotech | Portfolio page | ||
| Aiming develops and publishes video games | Enterprise SoftwareGaming | Portfolio page | ||
| Aipass provides a hotel management system, including property management, self-checkin, and guest apps, for accommodation facilities. | Legal & ComplianceReal Estate & Construction | Portfolio page | ||
| Akari Hoshō provides lifetime support and guarantee services for the elderly and disabled | Healthcare & Biotech | Portfolio page | ||
| The company creates a platform that uses technology to support and automate non-desk work industries such as construction and manufacturing. | AI & Machine LearningIndustrial & Manufacturing | Portfolio page | ||
| The company provides stress check and organization improvement tools and services for workplaces. | Healthcare & Biotech | Portfolio page | ||
| ANDENT works across strategy, experience design and technology, giving Japanese culture new forms and new audiences. | Enterprise SoftwareEnterprise Software | Portfolio page | ||
| The company produces and distributes video content, including YouTube videos and short films, and provides web marketing and consulting services. | Enterprise SoftwareMedia & Entertainment | Portfolio page | ||
| Arch provides data management and reporting services for private markets investments | FintechIndustrial & Manufacturing | Portfolio page | ||
| Asuene provides a cloud service for calculating, reducing, and reporting CO2 emissions and greenhouse gas emissions | Climate & EnergySpace & Defense | Portfolio page | ||
| The company develops and operates a travel app called AVA Travel and provides AI-based solutions for the travel industry | AI & Machine LearningLegal & Compliance | Portfolio page | ||
| Axellmark engages in advertising, blockchain-related, and IoT healthcare businesses. | Healthcare & BiotechMedia & Entertainment | Portfolio page | ||
| Bell Face provides a telephone-based interview system for the financial industry | FintechSpace & Defense | Portfolio page | ||
| Bellface develops and provides AI agents for sales productivity | AI & Machine LearningEnterprise Software | Portfolio page | ||
| The company provides cloud server support, design, construction, and operation services, as well as system development and other related services. | Industrial & ManufacturingMedia & Entertainment | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- incubatefund.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Companies checked
- 218
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
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