# Incubators and accelerators at growth (2026 list)

> 39 incubators and accelerators at growth, 100% active in the last 12 months. Led by Y Combinator, Plug and Play, MassChallenge. Ranked by what they funded.

Source: https://millionrounds.com/lists/incubators-accelerators-at-growth (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Incubators and accelerators at growth

Updated 7 November 2026

Incubators and accelerators we have watched take part in a growth round in the last two years.

[See all 39 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-at-growth)The top 25

**39** investors on the list *-1* this week

**1,833** cheques in 12 months *-22%* against the market

**$4.5M** median round they joined *-43%* against the market median

**100%** wrote a cheque in 12 months

**49%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen
- 2 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen
- 3 [MassChallenge](https://millionrounds.com/fund/masschallenge) *Deploying now* Accelerator · United States **984** **$1.8M** median round **Sept 2026** last seen
- 4 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen
- 5 [Neo](https://millionrounds.com/fund/neo) *Deploying now* Accelerator · United States **364** **$5.5M** median round **Nov 2026** last seen
- 6 [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) *Deploying now* Accelerator · United Kingdom **332** **$3.6M** median round **Oct 2026** last seen
- 7 [Venture Kick](https://millionrounds.com/fund/venture-kick) *Deploying now* Accelerator · Switzerland **329** **$2.1M** median round **Nov 2026** last seen
- 8 [Animoca Brands](https://millionrounds.com/fund/animoca-brands) *Deploying now* Accelerator · Hong Kong SAR China **318** **$5M** median round **Nov 2026** last seen
- 9 [Alchemist Accelerator](https://millionrounds.com/fund/alchemist-accelerator) *Deploying now* Accelerator · United States **284** **$2.3M** median round **Sept 2026** last seen
- 10 [In-Q-Tel](https://millionrounds.com/fund/iqt) *Deploying now* Accelerator · United States **273** **$20M** median round **Nov 2026** last seen
- 11 [MedTech Innovator](https://millionrounds.com/fund/medtech-innovator) *Deploying now* Accelerator · United States **160** **$2.8M** median round **Sept 2026** last seen
- 12 [Google](https://millionrounds.com/fund/google-assistant-investments) *Deploying now* Accelerator · United States **154** **$40M** median round **Nov 2026** last seen
- 13 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen
- 14 [South Park Commons](https://millionrounds.com/fund/south-park-commons) *Deploying now* Accelerator · United States **153** **$7.8M** median round **Nov 2026** last seen
- 15 [AGORANOV](https://millionrounds.com/fund/agoranov) *Deploying now* Accelerator · France **138** **$3M** median round **Jul 2026** last seen
- 16 [Luminate](https://millionrounds.com/fund/luminate-accelerator) *Deploying now* Accelerator · United States **127** **$5.3M** median round **Sept 2026** last seen
- 17 [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) *Deploying now* Accelerator · Japan **115** **$12M** median round **Oct 2026** last seen
- 18 [Amino Capital](https://millionrounds.com/fund/amino-capital) *Deploying now* Accelerator · United States **114** **$4.3M** median round **Sept 2026** last seen
- 19 [Startmate](https://millionrounds.com/fund/startmate) *Deploying now* Accelerator · Australia **107** **$1.6M** median round **Sept 2026** last seen
- 20 [Thrive Capital](https://millionrounds.com/fund/thrive-capital) *Deploying now* Accelerator · United States **101** **$123M** median round **Sept 2026** last seen
- 21 [Surge](https://millionrounds.com/fund/peak-xv-partners) *Deploying now* Accelerator · Singapore **91** **$5.1M** median round **Sept 2026** last seen
- 22 [amplify.la](https://millionrounds.com/fund/amplify-la) *Deploying now* Accelerator · United States **90** **$9.8M** median round **Nov 2026** last seen
- 23 [Wilco](https://millionrounds.com/fund/wilco) *Deploying now* Accelerator · France **88** **$3.5M** median round **Jul 2026** last seen
- 24 [LAUNCH](https://millionrounds.com/fund/launch) *Deploying now* Accelerator · United States **82** **$5M** median round **Oct 2026** last seen
- 25 [DMZ](https://millionrounds.com/fund/dmz-ventures) *Deploying now* Accelerator · Canada **73** **$1M** median round **Nov 2026** last seen

**14 more on this list**

All 39 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-at-growth)

## The Newest Cheques

Rounds this list's investors joined most recently

- **7** Nov **[LionBio Therapeutics](https://millionrounds.com/company/lionbio-therapeutics)** Pre-seed · $6M *With* [South Park Commons](https://millionrounds.com/fund/south-park-commons)
- **6** Nov **[Ocient](https://millionrounds.com/company/ocient)** Series C · $100M *With* [In-Q-Tel](https://millionrounds.com/fund/iqt)
- **5** Nov **[Bizay](https://millionrounds.com/company/bizay)** Series D+ *Led by* [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners)
- **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *Led by* [South Park Commons](https://millionrounds.com/fund/south-park-commons)
- **5** Nov **[Venomics AI](https://millionrounds.com/company/venomics-ai)** Pre-seed · $2.7M *Led by* [South Park Commons](https://millionrounds.com/fund/south-park-commons)
- **4** Nov **[Bullshot](https://millionrounds.com/company/bullshot)** Other · $7.7M *Led by* [Animoca Brands](https://millionrounds.com/fund/animoca-brands)

## Stages This Year

1,761 rounds

- Venture **26%**
- Seed **20%**
- Pre-seed **17%**
- Series A **14%**
- Series B **6%**
- Other **19%**

## What They Backed

Sectors, last 12 months

- AI **863**
- Fintech **108**
- Big Data & Analytics **100**
- Healthcare **99**
- Biotech **76**
- Financial Services **53**

## Cheques by Quarter

Led Joined

610 Q1 25

590 Q2 25

693 Q3 25

653 Q4 25

578 Q1 26

527 Q2 26

377 Q3 26

75 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms at early stage 6,133](https://millionrounds.com/lists/vc-firms-at-early-stage)
- [VC firms at seed 3,708](https://millionrounds.com/lists/vc-firms-at-seed)
- [VC firms at Series A 3,249](https://millionrounds.com/lists/vc-firms-at-series-a)
- [VC firms at pre-seed 1,689](https://millionrounds.com/lists/vc-firms-at-pre-seed)
- [VC firms at Series B 1,595](https://millionrounds.com/lists/vc-firms-at-series-b)
- [VC firms at growth 1,005](https://millionrounds.com/lists/vc-firms-at-growth)
- [VC firms at Series C 958](https://millionrounds.com/lists/vc-firms-at-series-c)
- [PE firms at growth 772](https://millionrounds.com/lists/pe-firms-at-growth)
- [PE firms at Series B 700](https://millionrounds.com/lists/pe-firms-at-series-b)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series B and scaling

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible
- Scaling Up: How a Few Companies Make It...and Why the Rest Don't Verne Harnish · 2014 4.16 from 6,229 ratings on Goodreads Scaling and operations Leading and managing About the book Winner of the 2015 International Book Awards for General Business Winner of the 2015 National Indie Excellence Award for General Business Winner of the 2015 Readers' Favorite International Book Award Gold Medal for Non-Fiction Business Winner of the 2015 Paris Book… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=scaling).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about incubators and accelerators at growth

### Who are the most active incubators and accelerators at growth?

By cheques observed, the most active are Y Combinator, Plug and Play, MassChallenge, Google for Startups and Neo.

### How many incubators and accelerators at growth are there?

39 are on record. 100% made an investment in the last 12 months and 49% have led a round.

### Which stages do incubators and accelerators at growth back?

Of the rounds with a named stage in the last 12 months, mostly Seed (28%) and Pre-seed (24%).

### How big are the rounds incubators and accelerators at growth join?

The typical (median) round among the leading investors here is $4.3M.

### Which sectors do incubators and accelerators at growth back most?

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

### Which incubators and accelerators at growth lead the most rounds?

Thrive Capital (14 led), Y Combinator (11 led) and Surge (8 led).

### Where are incubators and accelerators at growth based?

Among the most active, most are based in the United States (15), France (2) and the United Kingdom (1).

### What have incubators and accelerators at growth invested in recently?

Recent rounds include LionBio Therapeutics (Pre-seed, Nov 2026, with South Park Commons), Ocient (Series C, Nov 2026, with In-Q-Tel) and Bizay (Series D+, Nov 2026, with Indico Capital Partners).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)