# InCube Ventures: portfolio, investments and team

> InCube Ventures is a corporate vc based in United States. 7 investments on record, latest Aug 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/incube-ventures-llc (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# InCube Ventures

Last cheque observed Aug 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund $55M, Oct 2019 Corporate VC

Seed Series A Series B Health Care Software Venture Capital & Private Equity

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 7 on record

Since the last cheque **4807** days **00** hrs **00** min **00** sec

Median round **$17M** Rounds led **0 of 7** Exits **1 from the portfolio** Mostly in **United States, 100%**

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## InCube Ventures highlights

- 01 7 rounds on record
- 02 Mostly Series B and Series D: 57% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Health Care Software Venture Capital & Private Equity
- **Based in:** San Jose, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **7 appearances**

- **2013** 2 rounds
- **Aug** **[Rani Therapeutics](https://millionrounds.com/company/rani-therapeutics)** Series B · US · finsmes.com **Undisclosed** With 1 other
- **May** **[Channel Medsystems](https://millionrounds.com/company/channel-medsystems)** Series B · US · prnewswire.com **$9.8M** With 2 others
- **2012** 2 rounds
- **May** **[BodyMedia](https://millionrounds.com/company/bodymedia)** Venture · US · techcrunch.com **$12M** With 4 others
- **Apr** **[Intrapace](https://millionrounds.com/company/intrapace)** Venture · US · sec.gov **$2.3M** With 1 other
- **2011** 2 rounds
- **Jun** **[Spinal Modulation](https://millionrounds.com/company/spinal-modulation)** Series D · US · businesswire.com **$30M** With 7 others
- **Feb** **[Sonoma Orthopedics](https://millionrounds.com/company/sonoma-orthopedics)** Series D · US · finance.yahoo.com **$22M** With 7 others
- **2009** 1 round
- **Nov** **[Spinal Modulation](https://millionrounds.com/company/spinal-modulation)** Series C · US · deals.venturebeat.com **$27M** With 6 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 **3 named**

AF **Andrew Farquharson** Managing Director i Filing they signed

MI **Mir Imran** Managing Member i Filing they signed

WR **Wayne Roe** Promoter 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[BodyMedia](https://millionrounds.com/company/bodymedia)** Bought by Jawbone **$100M** Apr 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$55M**

raised in Oct 2019

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 **$17M** the round, not its cheque

Led 0 of 7 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2013
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B said *2*
- Series D *2*
- Venture *2*
- Series C *1*
- Seed said *-*
- Series A said *-*
- Growth said *-*

Cheques by year Led Joined

2009 2013

Often in the room with

- [MedVenture Associates](https://millionrounds.com/fund/medventure-associates) 3
- [Ascension Ventures](https://millionrounds.com/fund/ascension-ventures) 2
- [DFJ ePlanet Ventures](https://millionrounds.com/fund/dfj-eplanet-ventures) 2
- [De Novo Ventures](https://millionrounds.com/fund/de-novo-ventures) 2
- [Johnson & Johnson Development Corporation (JJDC)](https://millionrounds.com/fund/johnson-and-johnson-development-corporation) 2
- [Kleiner Perkins Caufield & Byers](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers) 2

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## Who they invest alongside

The investors most often in the same rounds as InCube Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**MedVenture Associates** VC firm **3** rounds together](https://millionrounds.com/fund/medventure-associates)[**Ascension Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/ascension-ventures)[**DFJ ePlanet Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/dfj-eplanet-ventures)[**De Novo Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/de-novo-ventures)[**Johnson & Johnson Development Corporation (JJDC)** VC firm **2** rounds together](https://millionrounds.com/fund/johnson-and-johnson-development-corporation)[**Kleiner Perkins Caufield & Byers** VC firm **2** rounds together](https://millionrounds.com/fund/kleiner-perkins-caufield-and-byers)[**Raffle Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/raffle-venture-partners)

## Quick answers about InCube Ventures

### What does InCube Ventures invest in?

InCube Ventures invests most often at Series B and Series D (57% of the rounds on record), in sectors such as Health Care, Software and Venture Capital & Private Equity.

### How active is InCube Ventures?

7 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2013.

### How big are InCube Ventures's cheques?

The median round it joins is $17M.

### Does InCube Ventures lead rounds?

Rarely, if at all: none of its 7 investments on record names it as the lead.

### Where does InCube Ventures invest?

Most of the companies it backs are in the United States (100%).

### Is InCube Ventures investing now?

No investments in the last 12 months; the latest was in Aug 2013.

### Who does InCube Ventures invest alongside?

Most often MedVenture Associates (3 rounds together), Ascension Ventures (2 rounds together) and DFJ ePlanet Ventures (2 rounds together).

### What kind of investor is InCube Ventures?

InCube Ventures is a corporate VC based in San Jose, United States.

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