Japan · 
What does Incubate Fund invest in?
Incubate Fund invests most often at Seed and Venture (71% of the rounds on record), in sectors such as Startups.
Incubate Fund highlights
- 01
40 cheques in the last 12 months
- 02
Mostly Seed and Venture: 71% of its rounds
- 03
Sole investor in 72 rounds, median $835K
- 04
2 exits from the portfolio
What they do
We are a venture capital firm that continues to be "challengers." Our mission is to fully support the challenges of aspiring entrepreneurs from the early stages of their founding.Translated from Japanese, from their own website
- Type
- VC firm (from a list, unverified)
- Cheque size
- Not stated
- Stages
- Pre-seedSeedSeries ASeries BGrowth
- Sectors
- Startups
- Based in
- Tokyo, Japan
- Cold pitches
- Accepted
The record
Every round we can evidence, newest first245 appearances
- 2026
34 rounds
- Oct
- Oct
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Aug
- Jul
- Jul
- Jun
- May
- May
- May
- May
- Apr
- Apr
- Apr
- Apr
- Apr
- Mar
- Mar
- Mar
- Mar
- Feb
- Feb
- Feb
- Feb
- Feb
- Jan
- Jan
- 2025
48 rounds
- Dec
- Dec
- Nov
- Nov
- Nov
- Nov
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 registration7 named
HMHomma MasahikoShareholderiForm ADV
KWKeisuke WadaShareholderiForm ADV
NMNao MurakamiDirectoriForm ADV
PJPaul Joseph McinerneyShareholderiForm ADV
TATohru AkauraShareholderiForm ADV
XYXiang Yao KwongDirectoriForm ADV
YMYusuke MurataShareholderiForm ADV
We also hold 15 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
$92Mgross assets of its fundsOct 2026
3+funds on filenumbered funds in its name
Exemptreporting adviserventure or small private funds
- Legal name
- Incubate Fund Management Pte. LTD.
- SEC number
- CRD 328078
What they claim to have backed
From their own portfolio page (on their website)
0 of 4 we have independently watched raise
CAREEREVENTMEDIAMEDIA
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.
Exits from the portfolio
Companies it backed that were later bought or listed2 in all
An exit counts when it came after the firm's first round in the company. From historical deal records.