# INCE Capital: portfolio, investments and team > INCE Capital is a vc firm based in China. 3 investments on record, 2 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/ince-capital (Millionrounds; every figure on the page links to its filing or article) China · [Investor](https://millionrounds.com/investors) # INCE Capital Last cheque observed Oct 2026; 3 cheques on record. Email VC firm Deploying now New fund $218M, Jul 2026 Seed Series A Series B B2C Consumer B-to-c Follow INCE Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fince-capital) Deploying now **100%** of best year **2** **cheques in 12 months**, 3 on record Since the last cheque **14** days **00** hrs **00** min **00** sec Median round **$100M** Cheque size, as they say **$250K – $15M** Rounds led **0 of 3** Pitch INCE Capital ## INCE Capital highlights - 01 2 cheques in the last 12 months - 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 companies From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $250K – $15M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** B2C Consumer B-to-c - **Based in:** Shanghai, China - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **3 appearances** - **2026** 2 rounds - **Oct** **[Maxinsights](https://millionrounds.com/company/maxinsights)** Seed · US · Google News search **$30M** With 4 others - **Sept** **[Tripo AI](https://millionrounds.com/company/tripo-ai)** Series B · US · TechStartups **$446M** With 20 others - **2025** 1 round - **Sept** **[X Square Robot](https://millionrounds.com/company/x-square-robot)** CN · TechStartups **$100M** With 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 registration **2 named** JG **JP Gan** Director of INCE GP Ltd., GP of INCE Capital Partners, L.P. i Filing they signed PH **Paul Hinsum Keung** Director of INCE GP Ltd., GP of INCE Capital Partners, L.P. i Filing 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 **$1.3B** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture 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](https://millionrounds.com/company/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. New fund on file **$218M** raised in Jul 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$100M** the round, not its cheque Led 0 of 3 rounds **0%** - **Said size:** $250K – $15M - **Sole investor:** Never alone - **Last cheque:** Oct 2026 Rounds by stage said on their site - Seed said *1* - Series B said *1* - Series A said *-* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching INCE Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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