Incubate Fund

Incubate Fund Incubate Fund was founded in 2010 and has grown into Japan's largest early-stage VC, with $800M in AUM and 274 investments. The firm focuses exclusively on seed-stage, primarily Japan-based startups, with 25 IPOs (including Sansan and Gumi) and 13 acquisitions. The team of 70 includes 20 partners operating from Japan, Singapore, India, Southeast Asia, and Brazil. Deep tech exposure is limited but notable: ispace, the lunar exploration company, is a significant portfolio holding. Th