# Incubators and accelerators backing IoT (2026 list) > 22 incubators and accelerators backing IoT, 100% active in the last 12 months. Led by Y Combinator, Plug and Play, Google for Startups. Source: https://millionrounds.com/lists/incubators-accelerators-iot (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Incubators and accelerators backing IoT Updated 7 November 2026 Incubators and accelerators we have observed in an ioT round in the last two years. [See all 22 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-iot)The top 22 **22** investors on the list No change this week **1,630** cheques in 12 months *-22%* against the market **$2.5M** median round they joined *-69%* against the market median **100%** wrote a cheque in 12 months **41%** have led a round ## The Top 22 Ordered by cheques observed, never by anything anyone paid for Deploying now (22) - 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 [Google for Startups](https://millionrounds.com/fund/google-for-startups) *Deploying now* Accelerator · United States **811** **$1.4M** median round **Sept 2026** last seen - 4 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen - 5 [Entrepreneur First](https://millionrounds.com/fund/entrepreneurs-first) *Deploying now* Accelerator · United Kingdom **332** **$3.6M** median round **Oct 2026** last seen - 6 [Venture Kick](https://millionrounds.com/fund/venture-kick) *Deploying now* Accelerator · Switzerland **329** **$2.1M** median round **Nov 2026** last seen - 7 [Animoca Brands](https://millionrounds.com/fund/animoca-brands) *Deploying now* Accelerator · Hong Kong SAR China **318** **$5M** median round **Nov 2026** last seen - 8 [In-Q-Tel](https://millionrounds.com/fund/iqt) *Deploying now* Accelerator · United States **273** **$20M** median round **Nov 2026** last seen - 9 [Berkeley SkyDeck](https://millionrounds.com/fund/berkeley-skydeck) *Deploying now* Accelerator · United States **231** **$2M** median round **Oct 2026** last seen - 10 [Founder Institute](https://millionrounds.com/fund/founder-institute-montreal) *Deploying now* Accelerator · United States **222** **$129K** median round **May 2026** last seen - 11 [Google](https://millionrounds.com/fund/google-assistant-investments) *Deploying now* Accelerator · United States **154** **$40M** median round **Nov 2026** last seen - 12 [Business Finland](https://millionrounds.com/fund/business-finland) *Deploying now* Accelerator · Finland **153** **$2.3M** median round **Sept 2026** last seen - 13 [Startmate](https://millionrounds.com/fund/startmate) *Deploying now* Accelerator · Australia **107** **$1.6M** median round **Sept 2026** last seen - 14 [Founders Factory](https://millionrounds.com/fund/founder-s-factory) *Deploying now* Accelerator · United Kingdom **106** **$2M** median round **Sept 2026** last seen - 15 [DG VENTURES](https://millionrounds.com/fund/dg-ventures) *Deploying now* Accelerator · United States **70** **$2.9M** median round **Sept 2026** last seen - 16 [EvoNexus](https://millionrounds.com/fund/evonexus) *Deploying now* Accelerator · United States **56** **$2.5M** median round **May 2026** last seen - 17 [Propel Capital](https://millionrounds.com/fund/propel-capital) *Deploying now* Accelerator · Sweden **52** **$996K** median round **Sept 2026** last seen - 18 [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) *Deploying now* Accelerator · Portugal **51** **$5.1M** median round **Nov 2026** last seen - 19 [Carbon13](https://millionrounds.com/fund/carbon13) *Deploying now* Accelerator · United Kingdom **40** **$800K** median round **Sept 2026** last seen - 20 [Hatch Blue Ltd](https://millionrounds.com/fund/hatch-blue) *Deploying now* Accelerator · Ireland **4** **$3M** median round **Jun 2026** last seen - 21 [Farming Future](https://millionrounds.com/fund/farming-future) *Deploying now* Accelerator · Italy **1** **-** median round **Nov 2026** last seen - 22 [Hermesa](https://millionrounds.com/fund/hermesa) *Deploying now* Accelerator · United Kingdom **1** **$468K** median round **Jul 2026** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **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) - **4** Nov **[Bullshot](https://millionrounds.com/company/bullshot)** Other · $7.7M *Led by* [Animoca Brands](https://millionrounds.com/fund/animoca-brands) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **3** Nov **[Active Label](https://millionrounds.com/company/active-label)** Other *With* [Farming Future](https://millionrounds.com/fund/farming-future) - **3** Nov **[Apolarion](https://millionrounds.com/company/apolarion)** Other · $183K *Led by* [Venture Kick](https://millionrounds.com/fund/venture-kick) ## Stages This Year 1,582 rounds - Venture **26%** - Pre-seed **19%** - Seed **19%** - Series A **15%** - Grant **5%** - Other **16%** ## What They Backed Sectors, last 12 months - AI **760** - Big Data & Analytics **90** - Fintech **83** - Healthcare **80** - Biotech **60** - IT Services **53** ## Cheques by Quarter Led Joined 538 Q1 25 534 Q2 25 612 Q3 25 564 Q4 25 536 Q1 26 471 Q2 26 325 Q3 26 58 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) ## Quick answers about incubators and accelerators backing IoT ### Who are the most active incubators and accelerators backing IoT? By cheques observed, the most active are Y Combinator, Plug and Play, Google for Startups, Creative Destruction Lab and Entrepreneur First. ### How many incubators and accelerators backing IoT are there? 22 are on record. 100% made an investment in the last 12 months and 41% have led a round. ### Which stages do incubators and accelerators backing IoT back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (27%) and Seed (27%). ### How big are the rounds incubators and accelerators backing IoT join? The typical (median) round among the leading investors here is $2.5M. ### Which sectors do incubators and accelerators backing IoT back most? In the last 12 months, mostly AI, Big Data & Analytics and Fintech. ### Which incubators and accelerators backing IoT lead the most rounds? Y Combinator (11 led), Animoca Brands (6 led) and Indico Capital Partners (4 led). ### Where are incubators and accelerators backing IoT based? Among the most active, most are based in the United States (9), the United Kingdom (4) and Canada (1). ### What have incubators and accelerators backing IoT invested in recently? Recent rounds include Ocient (Series C, Nov 2026, with In-Q-Tel), Bizay (Series D+, Nov 2026, with Indico Capital Partners) and Bullshot (Other, Nov 2026, with Animoca Brands). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)