Incubate Fund

Incubate Fund is a venture capital firm based in Tokyo, Japan, specializing in seed-stage investments across Japan, Southeast Asia, India, and the US. The firm manages over 150 billion yen (approximately $1.5 billion) in total funds, having invested in more than 800 startups. Its active portfolio comprises over 280 companies, supported by 69 professionals, including 20 partners, and has seen 25 IPOs and 14 acquisitions. Notable portfolio exits include Sansan and bitFlyer, while key figures include co-founders Masahiko Homma and Kazuki Notsu, and Nao Murakami, who established Incubate Fund India. Incubate Fund was co-founded in 2010 by Masahiko Homma and Kazuki Notsu. Reported scale details include over 150 billion yen in total funds managed, invested in 800+ startups and portfolio of 280+ companies, 69 professionals including 20 partners, 25 IPOs and 14 acquisitions.