Incubate Fund
VC Fund
Tokyo, Japan
Incubate Fund is an independent early-stage venture capital that specializes in providing capital to technology startups at the seed stage. The firm built a portfolio of over 300 companies in Asia, taking 12 companies to public and 20 companies to M&A exit since 2010.
- Total investments:
- 316
- Last investment:
- Lead investor:
- 24%
- Fund size:
- $2.4B
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Incubate Fund invests in
Stages Incubate Fund invests in
Countries Incubate Fund invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $317k–$17M
- Series A
- $2.4M–$57M
Investment Focus
Industry
- Software 28 (9%)
- Information Technology 24 (8%)
- E-Commerce 18 (6%)
- Health Care 14 (4%)
- Artificial Intelligence 13 (4%)
Stage
- Seed 99 (31%)
- Funding Round 48 (15%)
- Series A 45 (14%)
- Series B 16 (5%)
- Pre-Seed 11 (3%)
Country
- Japan 136 (43%)
- United States 16 (5%)
- India 8 (3%)
- Brazil 6 (2%)
- Taiwan 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Tohru Akaura
General Partner
|
General Partner | Total investments: 23 | Find email | |
Dave Kwong
Associate
|
Associate | Total investments: 0 | Find email | |
Katsunari Goto
Legal Partner
|
Legal Partner | Total investments: 0 | Find email | |
Kazuki Notsu
General Partner at Incubate Fund US
|
General Partner at Incubate Fund US | Total investments: 0 | Find email | |
Keisuke Wada
General Partner
|
General Partner | Total investments: 20 | Find email | |
| See all 20 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
Nutribase
|
Nutribase is a manufacturing company that develops and sells nutritional powders for the growth and development of children. | $316.9K / Seed / Aug 04, 2026 | |
ASUENE
|
Asuene involves in clean power retail business, retail SaaS business, etc. | $41.7M / Series D / Jul 23, 2026 | |
ROBOTS
|
ROBOTS Inc. is a Tokyo-based startup developing a robot integration control platform and physical AI to coordinate different robots and sensors as one system. | Seed / Jul 15, 2026 | |
NUJP
|
NUJP Co., Ltd. operates a rollout-style platform dedicated to protecting and scaling unique Japanese cultural businesses and mid-to-small brands globally. The company offers a consolidated framework combining brand investment, M&A, management consulting, and localized overseas sales and marketing operations. By addressing critical domesticchallenges such as succession shortages and localized business management, NUJP restructures traditional industries—including apparel, sake brewing, and craft spirits—into globally viable, high-growth entities. | $616.5K / Seed / Jul 14, 2026 | |
Infuse Life Sciences
|
Infuse Life Sciences is a company that specializes in the field of women’s health, with a specific focus on gynecology and reproductive medicine. | Seed / Jul 14, 2026 | |
SolaNika
|
SolaNika mission is to shackle energy with laser wireless power transfer and accelerate human progress. | Seed / Jun 30, 2026 | |
|
SolaNika
|
SolaNika mission is to shackle energy with laser wireless power transfer and accelerate human progress. | Seed / Jun 30, 2026 | |
HerLifeLab
|
HerLifeLab is healthcare consulting company working for women health and empowerment. | $809.8K / Seed / Jun 10, 2026 | |
FwC
|
FwC Inc is a financial intermediary and consulting firm that provides comprehensive asset management, inheritance, business succession, and M&A advisory services for individual wealth owners, corporate executives, and professional legal/accounting firms. | Pre-Seed / Jun 01, 2026 | |
Mjolnir Spaceworks
|
Mjolnir Spaceworks desings and manufactures state-of-the-art novel space rockets with efficient engines as well as other space equipments. | $7.5M / Series B / May 29, 2026 | |
| See all 316 investments → | |||
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FAQ
What does Incubate Fund invest in?
Incubate Fund invests primarily in Software, Information Technology and E-Commerce startups, most often at Seed and Funding Round stage. Most of the 316 investments tracked by Shizune back companies in Japan. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Incubate Fund's check size?
Incubate Fund typically joins rounds of $317k–$17M at Seed and $2.4M–$57M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Incubate Fund participates in.
How do I contact Incubate Fund?
Public channels for Incubate Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Incubate Fund?
The team at Incubate Fund includes Tohru Akaura (General Partner), Dave Kwong (Associate) and Katsunari Goto (Legal Partner), among 20 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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