# Incubators and accelerators backing E-commerce (2026 list)

> 33 incubators and accelerators backing E-commerce, 94% active in the last 12 months. Led by Y Combinator, Plug and Play, MassChallenge.

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

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

# Incubators and accelerators backing E-commerce

Updated 7 November 2026

Incubators and accelerators we have observed in an E-commerce round in the last two years.

[See all 33 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-ecommerce)The top 25

**33** investors on the list No change this week

**1,599** cheques in 12 months *-26%* against the market

**$3M** median round they joined *-62%* against the market median

**94%** wrote a cheque in 12 months

**48%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (24)

- 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 [Startup Wise Guys](https://millionrounds.com/fund/startup-wise-guys) *Deploying now* Accelerator · Estonia **237** **$551K** median round **Sept 2026** last seen
- 7 [VentureOut](https://millionrounds.com/fund/ventureout) *Deploying now* Accelerator · United States **202** **$1.6M** median round **Jun 2026** last seen
- 8 [Google](https://millionrounds.com/fund/google-assistant-investments) *Deploying now* Accelerator · United States **154** **$40M** median round **Nov 2026** last seen
- 9 [South Park Commons](https://millionrounds.com/fund/south-park-commons) *Deploying now* Accelerator · United States **153** **$7.8M** median round **Nov 2026** last seen
- 10 [BonAngels Venture Partners](https://millionrounds.com/fund/bon-angels) *Deploying now* Accelerator · South Korea **125** **$4.3M** median round **Jul 2026** last seen
- 11 [HAX](https://millionrounds.com/fund/hax) *Deploying now* Accelerator · United States **109** **$2M** median round **Sept 2026** last seen
- 12 [Startmate](https://millionrounds.com/fund/startmate) *Deploying now* Accelerator · Australia **107** **$1.6M** median round **Sept 2026** last seen
- 13 [Founders Factory](https://millionrounds.com/fund/founder-s-factory) *Deploying now* Accelerator · United Kingdom **106** **$2M** median round **Sept 2026** last seen
- 14 [NDRC](https://millionrounds.com/fund/ndrc) quiet Accelerator · Ireland **102** **$5.9M** median round **Oct 2025** last seen
- 15 [SparkLabs](https://millionrounds.com/fund/spark-labs) *Deploying now* Accelerator · South Korea **100** **$3.3M** median round **May 2026** last seen
- 16 [Beam](https://millionrounds.com/fund/beam) *Deploying now* Accelerator · Germany **93** **$4M** median round **Sept 2026** last seen
- 17 [Bluepoint Partners](https://millionrounds.com/fund/bluepoint) *Deploying now* Accelerator · South Korea **91** **$1.9M** median round **Oct 2026** last seen
- 18 [Surge](https://millionrounds.com/fund/peak-xv-partners) *Deploying now* Accelerator · Singapore **91** **$5.1M** median round **Sept 2026** last seen
- 19 [Founders Future](https://millionrounds.com/fund/founders-future) *Deploying now* Accelerator · France **82** **$6.3M** median round **Oct 2026** last seen
- 20 [AppWorks](https://millionrounds.com/fund/appworks) *Deploying now* Accelerator · Taiwan **80** **$6M** median round **May 2026** last seen
- 21 [EIT Food RisingFoodstars](https://millionrounds.com/fund/eit-food-risingfoo) *Deploying now* Accelerator · Belgium **74** **$826K** median round **Oct 2026** last seen
- 22 [DG VENTURES](https://millionrounds.com/fund/dg-ventures) *Deploying now* Accelerator · United States **70** **$2.9M** median round **Sept 2026** last seen
- 23 [NEXT Canada](https://millionrounds.com/fund/next-ai) *Deploying now* Accelerator · Canada **70** **$1.1M** median round **Jan 2026** last seen
- 24 [XRC Ventures](https://millionrounds.com/fund/xrc-ventures) *Deploying now* Accelerator · United States **67** **$2.5M** median round **Sept 2026** last seen
- 25 [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) *Deploying now* Accelerator · Sweden **66** **$17M** median round **Aug 2026** last seen

**8 more on this list**

All 33 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-ecommerce)

## 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)
- **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 **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **3** Nov **[Agrani Labs](https://millionrounds.com/company/agrani-labs)** $108M *With* [Google](https://millionrounds.com/fund/google-assistant-investments)

## Stages This Year

1,555 rounds

- Venture **26%**
- Seed **20%**
- Pre-seed **19%**
- Series A **14%**
- Series B **5%**
- Other **15%**

## What They Backed

Sectors, last 12 months

- AI **785**
- Big Data & Analytics **94**
- Fintech **92**
- Healthcare **78**
- Biotech **60**
- Financial Services **50**

## Cheques by Quarter

Led Joined

564 Q1 25

541 Q2 25

626 Q3 25

581 Q4 25

505 Q1 26

461 Q2 26

325 Q3 26

64 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [VC firms backing AI 4,329](https://millionrounds.com/lists/vc-firms-ai)
- [VC firms backing Fintech 1,856](https://millionrounds.com/lists/vc-firms-fintech)
- [VC firms backing Big Data & Analytics 1,248](https://millionrounds.com/lists/vc-firms-big-data)
- [VC firms backing Biotech 1,207](https://millionrounds.com/lists/vc-firms-biotech)
- [VC firms backing Robotics 1,098](https://millionrounds.com/lists/vc-firms-robotics)
- [VC firms backing Construction 1,025](https://millionrounds.com/lists/vc-firms-construction)
- [VC firms backing Energy 998](https://millionrounds.com/lists/vc-firms-energy)
- [PE firms backing AI 956](https://millionrounds.com/lists/pe-firms-ai)
- [VC firms backing Cybersecurity 950](https://millionrounds.com/lists/vc-firms-cybersecurity)

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

## Reading for founders in e-commerce and consumer brands

- Product Research 101: Find Winning Products to Sell on Amazon and Beyond Renae Clark · 2015 4.20 from 304 ratings on Goodreads E-commerce and consumer brands About the book Just getting started with product research and sourcing? Stuck trying to find ideas or find that “perfect” winning product? Want to find good selling products that others are ignoring? Interested in wholesale or private label products? If you answered yes, then this book is for… On AmazonListen on Audible
- You Must Write a Book: Boost Your Brand, Get More Business, and Become the Go-To Expert Honoree Corder · 2016 4.21 from 280 ratings on Goodreads E-commerce and consumer brands About the book Honorée Corder is the author of dozens of books, she does all sorts of other magical things, and her badassery is legendary. She is Hal Elrod's business partner and co-creator of The Miracle Morning book series, and she coaches high profile professionals, guiding them into some… On AmazonListen on Audible
- The Everything Store: Jeff Bezos and the Age of Amazon Brad Stone · 2013 4.13 from 78,706 ratings on Goodreads E-commerce and consumer brands About the book The definitive story of Amazon.com, one of the most successful companies in the world, and of its driven, brilliant founder, Jeff Bezos. Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He… On AmazonListen on Audible
- The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power Dana Mattioli · 2024 4.12 from 1,461 ratings on Goodreads E-commerce and consumer brands About the book From veteran Amazon reporter for The Wall Street Journal, and finalist for the Pulitzer Prize in investigative reporting, Dana Mattioli's The Everything War is the shocking, explosive, and untold exposé of Amazon's endless strategic greed, from destroying Main Street to remaking… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about incubators and accelerators backing E-commerce

### Who are the most active incubators and accelerators backing E-commerce?

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

### How many incubators and accelerators backing E-commerce are there?

33 are on record. 94% made an investment in the last 12 months and 48% have led a round.

### Which stages do incubators and accelerators backing E-commerce back?

Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Pre-seed (27%).

### How big are the rounds incubators and accelerators backing E-commerce join?

The typical (median) round among the leading investors here is $3M.

### Which sectors do incubators and accelerators backing E-commerce back most?

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

### Which incubators and accelerators backing E-commerce lead the most rounds?

Y Combinator (11 led), Surge (8 led) and Google (3 led).

### Where are incubators and accelerators backing E-commerce based?

Among the most active, most are based in the United States (11), South Korea (3) and Estonia (1).

### What have incubators and accelerators backing E-commerce invested in recently?

Recent rounds include LionBio Therapeutics (Pre-seed, Nov 2026, with South Park Commons), Bizay (Series D+, Nov 2026, with Indico Capital Partners) and Nyquis (Seed, Nov 2026, with South Park Commons).

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