# Incubators and accelerators backing Marketplaces (2026 list)

> 10 incubators and accelerators backing Marketplaces, 100% active in the last 12 months. Led by Y Combinator, Plug and Play, MassChallenge.

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

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

# Incubators and accelerators backing Marketplaces

Updated 7 November 2026

Incubators and accelerators we have observed in a marketplaces round in the last two years.

[See all 10 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-marketplace)The top 10

**10** investors on the list *-3* this week

**1,378** cheques in 12 months *-24%* against the market

**$3.5M** median round they joined *-56%* against the market median

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

**60%** have led a round

## The Top 10

Ordered by cheques observed, never by anything anyone paid for

Deploying now (10)

- 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 [Alchemist Accelerator](https://millionrounds.com/fund/alchemist-accelerator) *Deploying now* Accelerator · United States **284** **$2.3M** median round **Sept 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 [Google](https://millionrounds.com/fund/google-assistant-investments) *Deploying now* Accelerator · United States **154** **$40M** median round **Nov 2026** last seen
- 8 [Obvious Ventures](https://millionrounds.com/fund/obvious-ventures) *Deploying now* Accelerator · United States **124** **$20M** median round **Nov 2026** last seen
- 9 [Borderless Capital](https://millionrounds.com/fund/borderless-capital) *Deploying now* Accelerator · United States **120** **$4.5M** median round **Oct 2026** last seen
- 10 [Praxis](https://millionrounds.com/fund/praxis) *Deploying now* Accelerator · United States **60** **$4M** median round **May 2026** last seen

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Humble Robotics](https://millionrounds.com/company/humble-robotics)** Series A · $51M *Led by* [Obvious Ventures](https://millionrounds.com/fund/obvious-ventures)
- **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)
- **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **30** Oct **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *Led by* [Obvious Ventures](https://millionrounds.com/fund/obvious-ventures)
- **29** Oct **[Reflex](https://millionrounds.com/company/reflex)** Series A · $14M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator)

## Stages This Year

1,348 rounds

- Venture **28%**
- Pre-seed **20%**
- Seed **19%**
- Series A **14%**
- Series B **5%**
- Other **15%**

## What They Backed

Sectors, last 12 months

- AI **692**
- Fintech **83**
- Big Data & Analytics **82**
- Healthcare **67**
- Biotech **52**
- Financial Services **47**

## Cheques by Quarter

Led Joined

477 Q1 25

472 Q2 25

508 Q3 25

488 Q4 25

436 Q1 26

410 Q2 26

267 Q3 26

46 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 marketplace or platform

- The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power – The Essential Economics and Management Guide for Tech Entrepreneurs Michael A. Cusumano · 2019 3.87 from 389 ratings on Goodreads Marketplace or platform About the book A trio of experts on high-tech business strategy and innovation reveal the principles that have made platform businesses the most valuable firms in the world and the first trillion-dollar companies. Managers and entrepreneurs in the digital era must learn to live in two… On AmazonListen on Audible
- Surge: Time the Marketplace, Ride the Wave of Consumer Demand, and Become Your Industry's Big Kahuna Mike Michalowicz · 2016 4.13 from 209 ratings on Goodreads Marketplace or platform About the book To achieve the ultimate in entrepreneurial breakthrough success requires an uncanny ability to spot the next big wave of consumer demand - but how do you do that? For most small business owners, the true cash cows seem to be reserved for lucky people who were in the right place… On AmazonListen on Audible
- Trailblazer: The Power of Business as the Greatest Platform for Change [Marc Benioff](https://millionrounds.com/person/marc-benioff) · 2019 3.81 from 2,358 ratings on Goodreads Marketplace or platform About the book NEW YORK TIMES BESTSELLER • The founder and co-CEO of Salesforce delivers an inspiring vision for successful companies of the future, in which changing the world is everyone’s business.“An urgent and compelling book for anyone in business who yearns to fulfill a higher mission in… On AmazonListen on Audible
- Sams Teach Yourself SQL™ in 10 Minutes Ben Forta · 1999 4.09 from 1,187 ratings on Goodreads Marketplace or platform About the book Sams Teach Yourself SQL in 10 Minutes has established itself as the gold standard for introductory SQL books, offering a fast-paced accessible tutorial to the major themes and techniques involved in applying the SQL language. Forta¿s examples are clear and his writing style is… On AmazonListen on Audible

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

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about incubators and accelerators backing Marketplaces

### Who are the most active incubators and accelerators backing Marketplaces?

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

### How many incubators and accelerators backing Marketplaces are there?

10 are on record. 100% made an investment in the last 12 months and 60% have led a round.

### Which stages do incubators and accelerators backing Marketplaces back?

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

### How big are the rounds incubators and accelerators backing Marketplaces join?

The typical (median) round among the leading investors here is $4M.

### Which sectors do incubators and accelerators backing Marketplaces back most?

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

### Which incubators and accelerators backing Marketplaces lead the most rounds?

Obvious Ventures (14 led), Y Combinator (11 led) and Google (3 led).

### Where are incubators and accelerators backing Marketplaces based?

Most of the leading investors here are based in the United States (9 of the top 10); the rest in Estonia.

### What have incubators and accelerators backing Marketplaces invested in recently?

Recent rounds include Humble Robotics (Series A, Nov 2026, with Obvious Ventures), Lazarus AI (Nov 2026, with Plug and Play) and Agrani Labs (Nov 2026, with Google).

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