China · Investor

INCE Capital

Last cheque observed Oct 2026; 3 cheques on record.

VC firmDeploying nowNew fund $218M, Jul 2026

SeedSeries ASeries BB2CConsumerB-to-c

Deploying now
100%of best year2cheques in 12 months, 3 on record
Since the last cheque14days00hrs00min00sec
Median round$100MCheque size, as they say$250K – $15MRounds led0 of 3
Pitch INCE Capital

INCE Capital highlights

  1. 01

    2 cheques in the last 12 months

  2. 02

    Mostly Seed and Series B: 100% of its rounds

What they do

INCE Capital is a global venture capital firm with an investment focus on early to expansion-stage companiesFrom their own website
Type
VC firm (from a list, unverified)
Cheque size
$250K – $15M as they say
Stages
SeedSeries ASeries BGrowth
Sectors
B2CConsumerB-to-c
Based in
Shanghai, China
Cold pitches
Not stated

The record

Every round we can evidence, newest first3 appearances

  1. 2026

    2 rounds

  2. Oct
    MaxinsightsSeed · US · Google News search$30MWith 4 others
  3. Sept
    Tripo AISeries B · US · TechStartups$446MWith 20 others
  4. 2025

    1 round

  5. Sept
    X Square RobotCN · TechStartups$100MWith 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration2 named

JGJP GanDirector of INCE GP Ltd., GP of INCE Capital Partners, L.P.iFiling they signed
PHPaul Hinsum KeungDirector of INCE GP Ltd., GP of INCE Capital Partners, L.P.iFiling they signed

We also hold 6 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$1.3Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
INCE Capital LTD.
SEC number
CRD 305380

What they claim to have backed

From their own portfolio page (on their website)

1 of 1 we have independently watched raise

Weibo

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Quick answers about INCE Capital

What does INCE Capital invest in?

INCE Capital invests most often at Seed and Series B (100% of the rounds on record), in sectors such as B2C, Consumer and B-to-c.

How active is INCE Capital?

3 investments on record, 2 of them in the last 12 months. The most recent was in Oct 2026.

What has INCE Capital invested in recently?

Its most recent investments on record: Maxinsights (Seed, Oct 2026), Tripo AI (Series B, Sept 2026) and X Square Robot (Sept 2025).

How big are INCE Capital's cheques?

The median round it joins is $100M. It says it writes cheques of $250K to $15M.

Is INCE Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

What kind of investor is INCE Capital?

INCE Capital is a VC firm based in Shanghai, China.

How much does INCE Capital manage?

About $1.3B, as gross assets of its private funds (Oct 2026).

Has INCE Capital raised a new fund?

Its latest fund filing with the SEC was in Jul 2026, reporting $218M raised.

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it