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:
- 376
- Last investment:
- Lead investor:
- 30%
- Fund size:
- $127M
- 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 | |
|---|---|---|---|
| See all 20 contacts → | |||
Round size
- Seed
- $317k–$10M
- Series A
- $1.9M–$20M
Investment Focus
Industry
- Software 28 (7%)
- Information Technology 24 (6%)
- E-Commerce 18 (5%)
- Health Care 14 (4%)
- Artificial Intelligence 13 (3%)
Stage
- Seed 99 (26%)
- Funding Round 48 (13%)
- Series A 45 (12%)
- Series B 16 (4%)
- Pre-Seed 11 (3%)
Country
- Japan 136 (36%)
- United States 16 (4%)
- India 8 (2%)
- Brazil 6 (2%)
- Taiwan 1 (0%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Tohru Akaura
General Partner
|
General Partner | Total investments: 26 | 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 |
|---|---|---|---|
| 9lione is a cloud drug management system that can perform complicated drug management easily. It uses optical character recognition technology (OCR) whereas information can be read simply by taking a prescription, and drug inventory lists are automatically created and updated. It was established on August 8, 2018, and is headquartered in Tokyo,Japan. | $781.4K / Series A / Sep 11, 2026 | ||
| Power Laser is a startup company that offers a range of power laser technologies and applications. The company develops high-power laser systems, related components, and software for advanced industrial and scientific applications. Its mission, “Power lasers open the future,” reflects its focus on next-generation photonics and precision laserinnovation for manufacturing and research sectors. | $7.5M / Series A / Sep 02, 2026 | ||
| Metroweather is a venture from Kyoto University that develops a high-performance Doppler lidar that measures the direction and speed of wind several tens of kilometers away from minute movements of fine particles in the atmosphere. We aim to contribute to the safety of the sky by completing a three-dimensional wind map, which has never beenrealized,based on years of research at the Kyoto University Research Institute for Sustainable Areas. | $9.4M / Series B / Sep 02, 2026 | ||
| Paytner is providing services to support freelance people's funding. The freelance population in Japan has been shown to continue to increase in many Chosa. While working styles are diversified, they are not able to respond to the development of the working environment, and they will develop their business to change the situation whereproblems such as funding, credit, sexual harassment, and power harassment are accumulated. | $14.4M / Series D / Sep 01, 2026 | ||
| Letara operates a space technology platform with the intention to serve a logistics network covering the solar system. The company produces hybrid propulsion engines for small spacecraft, promoting groundbreaking advances in space propulsion with high thrust, safe, and inexpensive propulsion system technology. | $16.4M / Seed / Aug 20, 2026 | ||
| 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 involves in clean power retail business, retail SaaS business, etc. | $41.7M / Series D / Jul 23, 2026 | ||
| 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 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 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 | ||
| See all 376 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 376 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–$10M at Seed and $1.9M–$20M 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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