Incubate Fund
Venture capitalTokyo · Pre-Seed–Seed · 12 people tracked
Also known as INCUBATE FUND MANAGEMENT PTE. LTD.
Investment thesis
Incubate Fund invests at the seed stage as a lead investor, positioning itself as the first believer in founders. Its philosophy is founder-first and founder-friendly, emphasizing long-term partnership, trust-based relationships, and hands-on involvement across all stages of a company's journey. With offices in five countries and strong networks in Japan and worldwide, it offers founders global perspectives, mentorship, networking, and access to future funding rounds. The firm fosters a portfolio community where founders connect, mentor, and learn from one another, and hosts investor meetups to drive collaboration and innovation. It is sector agnostic and focuses on backing visionary founders building impactful, sustainable growth.
Source: firm website, verified Aug 3, 2026.
Team · 12 people
from the firm's website
What they invest in
from 9 of 51 portfolio companiesAI & Machine Learning ×5Enterprise Software ×4Creator Economy ×2Media & Entertainment ×2Robotics ×2Advanced Manufacturing ×1Consumer ×1Cybersecurity ×1
HQs:United States×5Japan×3India×1
Investments · 51 tracked
founders shown can be your intro path
LexxPluss develops autonomous mobile robots and infrastructure systems that enable industrial equipment at factories and logistics hubs to operate independently without human direction.
Advanced ManufacturingLogistics & Supply ChainRoboticsTokyo, JP
Masaya Aso(CEO)
MUSE develops robots to support retail store operations and help employees work more effectively.
AI & Machine LearningEnterprise SoftwareRetail TechRoboticsTokyo, JP
Portland, US
Gregory L. Specht(President of Manager of Issuer)
Bright Security develops an AI-powered application security platform that automates detection, remediation, and validation of security vulnerabilities integrated into the software development lifecycle.
AI & Machine LearningCybersecurityDeveloper ToolsSaaS
Drip provides trade financing and working capital solutions for small and midsize businesses conducting cross-border commerce, using automated underwriting and transaction processing to assess credit and connect borrowers with capital providers and logistics partners.
FintechMH, IN
Pushkar Mukewar(Founder/CEO)in
EmbodyMe develops AI technology to create, replicate, and manipulate digital representations of human characteristics including appearance, voice, and body movements for media production and content creation.
AI & Machine LearningCreator EconomyMedia & EntertainmentTokyo, JP
Issay Yoshida(CEO)
Laurel, US
Pradeep Pathade(Executive Officer, Director)
.JPN.COM is a domain registry offering .jpn.com domains as an alternative to traditional Japanese ccTLDs, providing unrestricted global access to Japan-focused digital presence without residency or business registration requirements.
Sector AgnosticLas Vegas, US
ReFiBuy provides a platform for optimizing product data and visibility across AI-driven shopping environments and agents.
AI & Machine LearningE-commerceEnterprise SoftwareMarketing TechRaleigh, US
Stefan Sterns(Director)Derek Lee Conlin(Executive Officer, Director)M. Scot Wingo(Executive Officer, Director)
A company backed by Incubate Fund that received investment support during the Covid period leading to a successful exit.
Tyffon develops location-based mixed reality (MR) entertainment content and operates an XR theme park facility called TYFFONIUM.
ConsumerCreator EconomyGamingMedia & EntertainmentWest Hollywood, US
Ken Fukazawa(CEO / CCO)Tohru Akaura(Director)Teruyuki Nakahashi(Executive Officer, Director)
Portfolio news
latest coverage across their companiesReFiBuy · retailtechinnovationhub.com · May 6, 2026
Frequently asked questions
- What stage does Incubate Fund invest at?
- Incubate Fund invests at the Pre-Seed, Seed stages.
- What sectors does Incubate Fund focus on?
- Incubate Fund focuses on Advanced Manufacturing, AgTech, Biotech, Deep Tech, EdTech, Energy, Fintech, Healthtech, Media & Entertainment, Mobility & Transportation, PropTech, Retail Tech, Sector Agnostic, Space Tech.
- Where is Incubate Fund located?
- Incubate Fund is headquartered in Tokyo, JP.
- Does Incubate Fund lead rounds?
- Yes, Incubate Fund leads investment rounds.
Media · Podcasts & interviews
featuring the teamInside India's Startup Boom: A VC's Insights | Nao Murakami @ Incubate Fund Asia
Founder Thesis Presents The Spotlight Podcast · Nao Murakami
Similar investors
Everywhere Ventures is an early-stage venture firm that backs founders globally, supported by a community of founders and operators as LPs.
MPG Fund is an early-stage venture investor backing technology startups.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
The Investible Climate Tech Strategy is an early-stage venture fund backing founders building software, hardware and deep tech across six climate sectors identified by the UN Environment Programme as critical to a low-carbon transition.
Liebenthal Ventures is the venture capital arm of a family office with roots in real estate and public-market hedge fund investing. It began investing in startups in 2013 to diversify its portfolio.