Incubate Fund is a leading early-stage venture capital firm, primarily based in Tokyo, Japan, specializing in seed-stage investments across various sectors. The firm employs a hands-on strategy, providing comprehensive support and global networks to visionary entrepreneurs to help them build and scale their ventures.
30% of their portfolio is in Cybersecurity. Their most common stage is series-a (60% of deals). Average disclosed round size is $9.2M (across 10 rounds with reported amounts).
Portfolio
10
Fund Size
$1.5B
Top Stage
Series A
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Cerby | Series A | $17M | Aug 2023 |
 Lightup | Series A | $9M | Aug 2023 |
| Lightup | Series A | $9M | Mar 2023 |
| LLexxPluss Inc. | Series A | $10.7M | Mar 2023 |
 Mabel | Seed | $1.5M | Dec 2022 |
| MMurasaki | Seed | $1.5M | Aug 2022 |
| BBright Security | Series A | $20M | Mar 2022 |
| NNeuraLegion | Seed | $4.7M | Oct 2020 |
| TThirdverse | Series A | $8.5M | Oct 2020 |
| CCartken | Series B | $10M | — |
Top Co-Investors
Fusion Fund2 shared
J-Ventures2 shared
Andreessen Horowitz2 shared
Shasta2 shared
JAFCO1 shared
468 Capital1 shared
LDV Capital1 shared
Magna1 shared
Mitsubishi Electric1 shared
Shell1 shared
Evolution Equity Partners1 shared
DNX1 shared
Founders Fund1 shared
Two Sigma Ventures1 shared
Outpost Ventures1 shared
Bowery Capital1 shared
AV8 Ventures1 shared
Salesforce1 shared
Tau Ventures1 shared
Okta1 shared
Last updated: 16 April 2026