# Incubators and accelerators backing SaaS (2026 list) > 30 incubators and accelerators backing SaaS, 87% active in the last 12 months. Led by Y Combinator, Plug and Play, Google for Startups. Source: https://millionrounds.com/lists/incubators-accelerators-saas (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Incubators and accelerators backing SaaS Updated 7 November 2026 Incubators and accelerators we have observed in a saaS round in the last two years. [See all 30 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fincubators-accelerators-saas)The top 25 **30** investors on the list No change this week **1,584** cheques in 12 months *-21%* against the market **$3M** median round they joined *-63%* against the market median **87%** wrote a cheque in 12 months **60%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (23) - 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 [Neo](https://millionrounds.com/fund/neo) *Deploying now* Accelerator · United States **364** **$5.5M** median round **Nov 2026** last seen - 5 [Venture Kick](https://millionrounds.com/fund/venture-kick) *Deploying now* Accelerator · Switzerland **329** **$2.1M** 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 [Berkeley SkyDeck](https://millionrounds.com/fund/berkeley-skydeck) *Deploying now* Accelerator · United States **231** **$2M** median round **Oct 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 [Tenity](https://millionrounds.com/fund/tenity) *Deploying now* Accelerator · Switzerland **139** **$1.3M** median round **Sept 2026** last seen - 10 [Expert Dojo](https://millionrounds.com/fund/expert-dojo) *Deploying now* Accelerator · United States **136** **$600K** median round **Aug 2026** last seen - 11 [Rockstart](https://millionrounds.com/fund/rockstart) *Deploying now* Accelerator · Netherlands **131** **$1.2M** median round **Sept 2026** last seen - 12 [Borderless Capital](https://millionrounds.com/fund/borderless-capital) *Deploying now* Accelerator · United States **120** **$4.5M** median round **Oct 2026** last seen - 13 [NTT DOCOMO Ventures](https://millionrounds.com/fund/ntt-docomo-ventures) *Deploying now* Accelerator · Japan **115** **$12M** median round **Oct 2026** last seen - 14 [NDRC](https://millionrounds.com/fund/ndrc) quiet Accelerator · Ireland **102** **$5.9M** median round **Oct 2025** last seen - 15 [Surge](https://millionrounds.com/fund/peak-xv-partners) *Deploying now* Accelerator · Singapore **91** **$5.1M** median round **Sept 2026** last seen - 16 [Seedstars](https://millionrounds.com/fund/seedstars) *Deploying now* Accelerator · Switzerland **88** **$1.1M** median round **Oct 2026** last seen - 17 [Founders Future](https://millionrounds.com/fund/founders-future) *Deploying now* Accelerator · France **82** **$6.3M** median round **Oct 2026** last seen - 18 [LAUNCH](https://millionrounds.com/fund/launch) *Deploying now* Accelerator · United States **82** **$5M** median round **Oct 2026** last seen - 19 [DG VENTURES](https://millionrounds.com/fund/dg-ventures) *Deploying now* Accelerator · United States **70** **$2.9M** median round **Sept 2026** last seen - 20 [d.camp](https://millionrounds.com/fund/dcamp) *Deploying now* Accelerator · South Korea **52** **$4.5M** median round **Sept 2026** last seen - 21 [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) *Deploying now* Accelerator · Portugal **51** **$5.1M** median round **Nov 2026** last seen - 22 [Platanus](https://millionrounds.com/fund/platanus-ventures) *Deploying now* Accelerator · Mexico **40** **$930K** median round **Sept 2026** last seen - 23 [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun) *Deploying now* Accelerator · United States **22** **$6M** median round **Nov 2026** last seen - 24 [Industrya](https://millionrounds.com/fund/industrya) quiet Accelerator · Belgium **7** **$2.3M** median round **Oct 2025** last seen - 25 [Madica](https://millionrounds.com/fund/madica) *Deploying now* Accelerator · United States **6** **$883K** median round **Oct 2026** last seen **5 more on this list** All 30 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-saas) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Bizay](https://millionrounds.com/company/bizay)** Series D+ *Led by* [Indico Capital Partners](https://millionrounds.com/fund/indico-capital-partners) - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play) - **3** Nov **[Apolarion](https://millionrounds.com/company/apolarion)** Other · $183K *Led by* [Venture Kick](https://millionrounds.com/fund/venture-kick) - **3** Nov **[Agrani Labs](https://millionrounds.com/company/agrani-labs)** $108M *With* [Google](https://millionrounds.com/fund/google-assistant-investments) - **3** Nov **[SYNCERE](https://millionrounds.com/company/syncere)** Pre-seed · $11M *Led by* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun) - **3** Nov **[Athena](https://millionrounds.com/company/athena)** Pre-seed · $2.5M *Led by* [A16z Speedrun](https://millionrounds.com/fund/a16z-speedrun) ## Stages This Year 1,535 rounds - Venture **27%** - Seed **21%** - Pre-seed **19%** - Series A **14%** - Series B **5%** - Other **15%** ## What They Backed Sectors, last 12 months - AI **773** - Fintech **98** - Big Data & Analytics **86** - Healthcare **81** - Biotech **51** - Financial Services **50** ## Cheques by Quarter Led Joined 517 Q1 25 503 Q2 25 603 Q3 25 550 Q4 25 492 Q1 26 464 Q2 26 326 Q3 26 65 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 b2b software and saas - Lean B2B: Build Products Businesses Want Étienne Garbugli · 2014 4.16 from 249 ratings on Goodreads B2B software and SaaS About the book www.leanb2bbook.com « This is a must read for every B2B entrepreneur, SaaS creator or consultant and business school student. It's the kind of book you don't read once, you go back to it on a regular basis. » - Carmen Gerea, CEO & Co-founder, UsabilityChefs Lean B2B helps… On AmazonListen on Audible - The Pricing Roadmap: How to Design B2B SaaS Pricing Models That Your Customers Will Love Ulrik Lehrskov-Schmidt · 2023 4.43 from 207 ratings on Goodreads B2B software and SaaS About the book "The definitive resource on SaaS pricing, I absolutely can not recommend this book enough." Viktor Heide, COO of Contractbook.com, Forbes "30 under 30" A foolproof method to achieve skyrocketing sales, growth, and profits for your software as a service (SaaS) product starts… On AmazonListen on Audible - Integrity: The Courage to Meet the Demands of Reality Henry Cloud · 2006 4.22 from 3,393 ratings on Goodreads B2B software and SaaS About the book Integrity. It is more than simple honesty. It's the key to success. A person with integrity has the -- often rare -- ability to pull everything together, to make it all happen no matter how challenging the circumstances. Drawing on experiences from his work with Fortune 500… On AmazonListen on Audible - Blueprints for a SaaS Sales Organization by Jacco vanderKooij Jacco van der Kooij · 2015 4.33 from 324 ratings on Goodreads B2B software and SaaS About the book Because of their very nature, SaaS companies live and die on revenue growth. And once the service is ready there is a very small window in which to scale. Missing that window is the difference between massive success and mediocrity. With such high stakes, it is crucial to get a… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&model=b2b_software). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about incubators and accelerators backing SaaS ### Who are the most active incubators and accelerators backing SaaS? By cheques observed, the most active are Y Combinator, Plug and Play, Google for Startups, Neo and Venture Kick. ### How many incubators and accelerators backing SaaS are there? 30 are on record. 87% made an investment in the last 12 months and 60% have led a round. ### Which stages do incubators and accelerators backing SaaS 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 SaaS join? The typical (median) round among the leading investors here is $3M. ### Which sectors do incubators and accelerators backing SaaS back most? In the last 12 months, mostly AI, Fintech and Big Data & Analytics. ### Which incubators and accelerators backing SaaS lead the most rounds? A16z Speedrun (12 led), Y Combinator (11 led) and Surge (8 led). ### Where are incubators and accelerators backing SaaS based? Among the most active, most are based in the United States (12), Switzerland (3) and Estonia (1). ### What have incubators and accelerators backing SaaS invested in recently? Recent rounds include Bizay (Series D+, Nov 2026, with Indico Capital Partners), Lazarus AI (Nov 2026, with Plug and Play) and Apolarion (Other, Nov 2026, with Venture Kick). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)