Incubate Fund

Incubate Fund is a venture capital firm specializing in seed, startup, and early stage investments. It focuses on media, entertainment, gaming, online commerce, logistics, medical, financial, real estate, and housing sectors. It primarily invests in mobile, social and web services expanding on global scale. It seeks to invest in North America, Japan, and Asia. The firm makes equity investments between $200,000 and $3 million. Incubate Fund was established on May, 2010 and is based in Tokyo, Japan with an additional office in Singapore.

Tohru Akaura

General Partner

Yuuki Aono

Associate

Ryota Kamiya

Associate

Dave Kwong

Principal

Paul McInerney

General Partner

Masaya Minamide

Associate

Yusuke Murata

General Partner

Kyosuke Seto

Associate

Niki Takahiro

Associate

Shizuki Tanaka

Associate

Keisuke Wada

General Partner

Shuhei Yoshida

Controller

333 past transactions

Legmin

Private Placement in 2019
Legmin inc., an agricultural technology company, develops agricultural robots and offers a management platform for producers using artificial intelligence. The company develops agricultural work robot and management system. Its robot automates leaf vegetable seeding, pesticide and fertilizer application, and harvesting. The solutions also include analyzing images, early detection of diseases and pests, and advice on appropriate timing of scattering of agricultural chemicals. The company was founded in 2018 and is based in Chuo, Japan with an additional office in Shizuoka, Japan.

Joyz Inc.

Series B in 2018
Joyz Inc. develops an application that helps English learners to correct their pronunciation and grammar. The company is based in Tokyo, Japan.

bellFace

Venture Round in 2020
bellFace is an InsideSales System specialized targetted for Business to business sales customer support.No log in, no installation required. No matter where you are, it connects in 5 seconds becacuse it operates in the browser (patented). The audio system is connected through the telephone lines, there is no interruption like with Web meeting systems. bellFace which is specific to sales, comes with document sharing and script function, so your experience is just like face to face communication . It is also suited for inside sales.

iCARE

Private Placement in 2018
iCARE It is the No. 1 health and labor cloud introduced in Japan, which is selected by small and medium-sized enterprises suffering from lack of manpower and large enterprises expanding their business globally .

Parame

Private Placement in 2020
Parame Inc. designs and develops an employee recommendation platform. The company offers its clients to recommend a colleague. The company also offers Parame Agent service that allows companies to search for new employees by looking at the recommendations; Parame Recruit service that allows companies to request a reference check using the platform; and Parame Magazine that offers information about the company. Parame Inc. was founded in 2020 and is based in Shinjuku, Japan.

Tripeur

Seed Round in 2018
Shorebird Technologies Pvt Ltd owns and operates travel enterprise resource planning platform, Tripeur. It’s an application-based service that helps streamline processes related to business travel and expense management. The application offers a host of services, including raising a trip request, getting approval, hotel bookings, and understanding the business policy. For the administration and the finance department, the suite helps in ascertaining the value proposition of every business travel undertaken by the employee. The company also has other add-on products that use the Tripeur platform, including a business travel analytics module - BizTravelytics, travel policy assistant module, and an expense optimizer. The company was founded in 2015 and is based in Bengaluru, India.

PlaceHolder

Private Placement in 2018
Placeholder, Inc. operates a digital theme park for children and adults using virtual reality and augmented reality technologies. Its products include sand party, spray painting, draw your world, paper rikishi, planet portal, little builders, world adventure, number splash, and ar quest. The company was founded in 2016 and is based in Tokyo, Japan.

Whyteboard

Seed Round in 2012
Whyteboard Inc. develops an application to allow Facebook users to buy and sell goods by auction model. The company was founded in 2011 and is based in Tokyo, Japan.

WED

Seed Round in 2017
One Financial is an application that anyone can introduce card settlement immediately with one smartphone.

ispace, inc.

Private Placement in 2020
ispace, inc. engages in developing networked micro robots for building detailed maps of available resources in the space. It develops micro-robots to create and support daily existence of humans in space. The company is based in Tokyo, Japan.

Connect Afya

Venture Round in 2021
Connect Afya inc. operates a clinical testing center. The company also engages in implementation of medical examination/diagnosis services, as well as providing solutions for local medical institutions and pharmaceutical companies. The company was founded in 2018 and is based in Tatsuno, Japan.

TRIDENT Inc.

Seed Round in 2020
TRIDENT Inc. develops automation tool and software for software development and testing. It offers Magic Pod, a test automation cloud service using AI technologies. The company was founded in 2012 and is based in Chuo, Japan.

WOVN Technologies

Seed Round in 2014
WOVN Technologies offers website localization service that translates a website into multiple languages. The company aims to make website multilingualization and localization straight-forward, simple, and accessible to anyone from a website developer, to a blogger.

minacolor

Venture Round in 2020
minacolor is a medical IT venture company aiming for innovation of health care lifestyle. minacolor provides health care more familiar and impressive in the field of further active in the aspiring medical personnel continue to be the growth opportunities of human resources for the next generation.

Shopkirana

Series A in 2018
Shopkirana is a B2B-commerce company that focuses on technology and supply chain innovation. It aims to encourage retailers to be competitive by delivering technology, operational expertise, and scale advantage. The company directly works with brands to boost them on the demand side and reach to masses with transparency and deep market intelligence. Shopkirana was founded on 2015 and is headquartered in Indore, India.

EmbodyMe

Venture Round in 2016
EmbodyMe, Inc. develops mobile applications, including Xpression and EmbodyMe that uses deep learning. Xpression creates fake video that is indistinguishable from the real thing by taking deep facial expressions of celebrities using real learning. EmbodyMe creates a 3D model avatar that moves in virtual reality (VR) space by guessing expressions from hand movements. The company was founded in 2016 and is based in Tokyo, Japan.

LiveIn

Seed Round in 2015
The well-being of our workers and clients is taken seriously by LiveIn. We are pleased to note that as we are now on the frontlines, we have taken steps to take responsibility for the welfare of ourselves and the people we encounter. We are the largest online marketplace website for student accommodation with over 20000+ listings. With a strong team of experts, you are in good hands.

Beyond

Venture Round in 2013
Beyond, Inc. develops websites, web applications, and provides IT consultation services. Beyond, Inc. was founded in 2008 and is based in Tokyo, Japan.

KAUMO Japan

Venture Round in 2014
Kaumo is a shopping service where people can meet things and enjoy shopping.

Paytner

Private Placement in 2019
yup 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 where problems such as funding, credit, sexual harassment, and power harassment are accumulated.

SQUEEZE

Seed Round in 2014
SQUEEZE Inc. provides solutions for lodging business. The company offers mister suite, a management system for vacation rental property, hotel, and ryokan owners; suitebook, a property management software that provides various vacation rental and short term monthly rental operations; and mister suite lab, a demand analysis tool for lodging facilities that makes use of actual market data, publishing information about properties, and other vacation rental sites. It also offers igloohome smart keybox, a Bluetooth-enabled smart keyboxthat is used even outdoors in areas without Internet access to facilitate key exchanges in the operation of vacation rental properties and real estate viewings, as well as for the storage of office, or shop keys, and more; and Minn, a hospitality technology that provides accommodation to guests in hotels. The company was founded in 2014 and is based in Tokyo, Japan.
Explorium Innovative Technologies Private Limited designs and develops a web and mobile-based platform that connects student community and the industry. It enables the industry to interact with students and provides access to structured modules for attaining skills. The company also offers temporary job employment and paid internship through its solution. Additionally, it assists companies in webinars and discussions. Explorium Innovative Technologies Private Limited was founded in 2015 and is based in Pune, India.

Rehab

Venture Round in 2018
Rehab for JAPAN Co., Ltd. provides Software-as-a-Service type cloud support services for nursing care establishments. The company was founded in 2016 and is based in Tokyo, Japan.

Panair, Inc.

Private Placement in 2019
Panair, Inc. owns and operates a power retailing platform. The company was founded in 2012 and is based in Tokyo, Japan.

GameWith

Series B in 2015
gamewith.jp is hints & tips community for smartphone games in japan.

SORA

Convertible Note in 2016
MagicPrice - Pricing AI for Hotels

Catallaxy

Private Placement in 2020
Catallaxy Inc. owns and operates "Mitsuri", a trading platform for web quote of metal custom parts such as metal processing of industrial machinery, factory automation equipment, and facility equipment from suppliers and “Fabit”, platform of manufacturing media for manufacturing industry. Catallaxy Inc. was founded in 2015 and is based in Tokyo, Japan.

Payme, Inc.

Private Placement in 2019
Payme, Inc. develops a software application that offers payroll prepayment service that can be withdrawn in cash from a smart-phone. The company was founded in 2017 and is based in Tokyo, Japan.

STORYS.JP

Series A in 2012
STORYS.JP is a storytelling platform that partners with major publishers in Japan and Fuji Television to turn real life stories into books, television shows, and short stories.

METRICA Japan

Venture Round in 2019
METRICA Co., Ltd develops an artificial intelligence (AI) based platform that records information for foreign care staff. Its platform share the information with an automatic translation function tuned for medical and nursing care, and a learning function of translation accuracy on the server side. Its platform streamline the work of medical and care workers. METRICA Co., Ltd was founded in 2018 and is based in Tokyo, Japan.

Panair

Series A in 2016
Panair is the pioneer company in Japan using just cloud technology to build a core system for energy.

Legmin

Venture Round in 2019
Legmin inc., an agricultural technology company, develops agricultural robots and offers a management platform for producers using artificial intelligence. The company develops agricultural work robot and management system. Its robot automates leaf vegetable seeding, pesticide and fertilizer application, and harvesting. The solutions also include analyzing images, early detection of diseases and pests, and advice on appropriate timing of scattering of agricultural chemicals. The company was founded in 2018 and is based in Chuo, Japan with an additional office in Shizuoka, Japan.

mgram Japan

Venture Round in 2018
mgram is provides MH Solutions specializes in contract development and IT outsourcing services.

Togetter

Venture Round in 2019
Togetter was established based on a web service called "Togetter". The ability for anyone to easily assemble tweets on Twitter has been accepted by many people, and 10 years after its introduction, it has been producing more than 100,000 contents every day. During this period Togethera has continued to summarize and document many events in Japan. In the event of a disaster, such as the Great East Japan Earthquake, it is used together with Twitter to play a part in information distribution.Our service is still updating the world. We deliver fresh surprises that no one has ever experienced. There are many ideas. Just make it.

Meleap

Private Placement in 2018
HADO is a new sport utilizing the leading AR technology with players wearing a head mounted display and an armband sensor to compete against each other by using the ‘energy ball’ or ‘shield’ and earn points in a three-on-three, eighty-minutes game between two teams.

Lifestyle-Design

Series A in 2017
Lifestyle-Design is an internet based platform.

AI Medical Service

Private Placement in 2018
AI Medical Service is a start-up company that develops artificial intelligence that brings together the wisdom of Japanese endoscopic specialists and contributes to the development of endoscopic medical care worldwide.

Shop Kirana E Trading Private Limited

Private Placement in 2018
Shop Kirana E Trading Private Limited owns and operates an online platform that connects retailers with suppliers. The company was founded in 2014 and is based in Indore, India with additional operations in Rajasthan, Uttar Pradesh, Gujarat, Chhattisgarh, Maharashtra, and Madhya Pradesh, India.

SATORI

Venture Round in 2019
SATORI Inc. develops and offers a marketing automation tool. The company's tool offers lead management, lead generation, lead nurturing, lead qualification, and reports. SATORI Inc. was founded in 2015 and is based in Tokyo, Japan.

Panair

Series B in 2017
Panair is the pioneer company in Japan using just cloud technology to build a core system for energy.

Coincheck

Venture Round in 2013
Coincheck, Inc. operates a bitcoin and cryptocurrency exchange in Japan. The company engages in buying and selling of bitcoins and cryptocurrencies such as, Ethereum and Ripple. It also provides payment and lending services of bitcoins. The company develops software for trading of bitcoins. Coincheck, Inc. was founded in 2012 and is based in Tokyo, Japan. As of April 16, 2018, Coincheck, Inc. operates as a subsidiary of Monex Group, Inc.

Toyokumo

Venture Round in 2015
Toyokumo develops and provides services that link with the safety confirmation service.

Tripeur

Private Placement in 2019
Shorebird Technologies Pvt Ltd owns and operates travel enterprise resource planning platform, Tripeur. It’s an application-based service that helps streamline processes related to business travel and expense management. The application offers a host of services, including raising a trip request, getting approval, hotel bookings, and understanding the business policy. For the administration and the finance department, the suite helps in ascertaining the value proposition of every business travel undertaken by the employee. The company also has other add-on products that use the Tripeur platform, including a business travel analytics module - BizTravelytics, travel policy assistant module, and an expense optimizer. The company was founded in 2015 and is based in Bengaluru, India.

Open8

Seed Round in 2015
Open8 will launch a native video ad scheme on @Cosme and Women Excite in late November. @Cosme is a Japan’s leading cosmetic portal site by iStyle while Woman Excite is a women-focused portal site by Excite Japan.

AGRIST

Series A in 2021
AGRIST Inc. develops agricultural harvest robots. The company offers robots for of harvesting agricultural produce. It also offers loan for robots to farmers. The company was founded in 2019 and is headquartered in Koyu, Japan.

SyntheticGestalt

Series A in 2019
SyntheticGestalt develops machine learning models for drug discovery and software for facilitating and automating research.

Space BD, Inc.

Private Placement in 2019
Space BD, Inc. provides integrated project management services for space launch campaigns. Its services include identifying the right launch opportunity with suitable schedule and orbit; and handling required interface integration, safety criteria review, transportation and logistics, and contract management. The company also focuses on the commercialization of low earth orbit by the utilization of International Space Station (ISS). Space BD, Inc. was founded in 2017 and is based in Japan.

Carstay

Seed Round in 2019
Carstay, Inc. owns and operates vanlife platform for car travel and in-car sharing services in mobility as a service (MaaS). It offers parking places and vacant places as car night and tent night spots for travelers in Japan. The company also offers car night insurance for equipment damage, injuries during use, troubles between users, and noise. The company was founded in 2018 and is based in Tokyo, Japan.

AlpacaJapan

Seed Round in 2015
We are a team of professionals from high-tech and financial industries including Microsoft, Nokia, Sony, Lehman, Barclays, et al. We built our own proprietary AI technology for capital markets, and are currently working with number of top financial institutions globally.

Paytner

Seed Round in 2020
yup 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 where problems such as funding, credit, sexual harassment, and power harassment are accumulated.

Linc'well

Pre Seed Round in 2018
Linc'well Inc. develops a software system for the health care industry. The company develops a software as a service (SaaS) based platform, which provides web inquiry, call, payment, electronic medical records, and other digitization services. The company also provides clinic operation and management support services through the brand CLINIC FORE. In addition, the company provides online support services, including medical supplement subscriptions. It serves healthcare institutions and clinics. The company was founded in 2018 and is headquartered in Tokyo, Japan.

Future Standard

Private Placement in 2019
Future Standard Co., Ltd. owns and operates a platform which provides a total service using any image processing from the camera to the data acquisition. The company was founded on March 2014 and is based in Tokyo, Japan.

Caster Biz

Seed Round in 2014
Caster Biz is a company that provides online assistant / online secretary. Accounting / HR / Secretarial business, etc., etc., the daily fine your hassles work, doing online assistant caster biz. Caster Biz Assistant (below, caster assistant) were all Word, Excel, such as basic business such as Powerpoint of course, has the knowledge to do business online. Telephone and e-mail, it is possible to issue a request easily with Facebook, etc., Can you have a feeling like your mate has increased.

SyntheticGestalt

Series A in 2021
SyntheticGestalt develops machine learning models for drug discovery and software for facilitating and automating research.

Thirdverse

Series A in 2020
Thirdverse (formerly known as Yomuneco Inc) is engaged in Virtual Reality content and services planning, development, sales and management.

aipass

Seed Round in 2020
CUICIN Inc. develops and operates aiPass, which provides operation services for accommodation facilities. The company's platform offers check-in to guides in the hotel and tourist information. CUICIN Inc. was founded in 2019 and is based in Tokyo, Japan.

Wellness Co.,Ltd.

Private Placement in 2019
Wellness Co.,Ltd. owns and operates drug stores. The company is based in Matsue, Japan. Wellness Co.,Ltd. operates as a subsidiary of Tsuruha Holdings Inc.

Medley

Seed Round in 2012
MEDLEY, the online encyclopedia disease that doctors make along with the people of cooperation doctor hundreds of people, we have put together in an easy-to-understand gently variety of information about the disease. Connect the people of doctors and medical institutions that provide people and their families and medical services to receive medical care, we aim to become as to realize the "convincing medical" information infrastructure must-have in society .

KiteRa

Venture Round in 2019
KiteRa Co., Ltd. develops and operates regulation management SaaS solution KiteRa, that diagnosis, creates and publishes employment rules and internal rules on on the Web that support working style reform. The platform also navigate the response to revisions that accompany legal revisions. KiteRa Co., Ltd. was founded in 2019 and is based in Minato, Japan.

Pretia

Private Placement in 2018
Pretia Technologies, Inc. designs and develops augmented reality based gaming software. The company was founded in 2014 and is based in Tokyo, Japan.

Panair, Inc.

Private Placement in 2018
Panair, Inc. owns and operates a power retailing platform. The company was founded in 2012 and is based in Tokyo, Japan.

Linc'well

Private Placement in 2019
Linc'well Inc. develops a software system for the health care industry. The company develops a software as a service (SaaS) based platform, which provides web inquiry, call, payment, electronic medical records, and other digitization services. The company also provides clinic operation and management support services through the brand CLINIC FORE. In addition, the company provides online support services, including medical supplement subscriptions. It serves healthcare institutions and clinics. The company was founded in 2018 and is headquartered in Tokyo, Japan.

Crezit

Pre Seed Round in 2019
Crezit is offers a wide range of financial products and services in a single click, as well as customer advice, product simulators.

MANSION MARKET

Venture Round in 2016
MANSION MARKET is a operator of an online real estate platform intended for buying and selling of properties. The company's application offer online securities which are managed efficiently and transaction fees are drastically reduced, enabling real estate clients to use Internet to reduce unnecessary costs and returns benefits to customers.

Leaner Technologies

Seed Round in 2019
Leaner Technologies Co., Ltd. develops and provides Leaner, an overhead cost management cloud. The company was founded in 2019 and is based in Tokyo, Japan.

Space BD, Inc.

Private Placement in 2018
Space BD, Inc. provides integrated project management services for space launch campaigns. Its services include identifying the right launch opportunity with suitable schedule and orbit; and handling required interface integration, safety criteria review, transportation and logistics, and contract management. The company also focuses on the commercialization of low earth orbit by the utilization of International Space Station (ISS). Space BD, Inc. was founded in 2017 and is based in Japan.

ispace, inc.

Series B in 2020
ispace, inc. engages in developing networked micro robots for building detailed maps of available resources in the space. It develops micro-robots to create and support daily existence of humans in space. The company is based in Tokyo, Japan.

Schoo

Venture Round in 2017
Schoo Inc. offers schoo web campus, an online video learning service. It provides free live lessons based on concept of what people should learn now; and radio type lesson, which provides a learning experience by sound. The company also measures to use learning videos on schoo as teaching materials for university education and free information to newspaper owners and freelancers. Schoo Inc. was founded in 2011 and is based in Tokyo, Japan.

Misoca

Venture Round in 2013
Misoca Inc. designs and develops a cloud-based invoice management platform. The company was formerly known as StandFirm Inc. The company was founded in 2011 and is based in Nagoya, Japan.

bitFlyer

Seed Round in 2014
bitFlyer, Inc. operates as a virtual currency exchange and provide block chain development services. It specializes in bit coin marketplace and settlement. The company offers wide range of services including bit coin market, altcoin market, ethereum market, ethereum classic market, litecoin market, bitcoin cash market, monacoin market, lisk market, easy exchange, pro exchange, block chain, block chain explorer, block chain LAB, crowd funding, fees and taxes, account class, and application programming interface. bitFlyer, Inc. was founded in 2014 and is based in Minato-ku, Japan.

TerraTalk

Seed Round in 2016
TerraTalk is a Japanese startup aimed at helping English learners correct their pronunciation and grammar.

Schoo

Seed Round in 2015
Schoo Inc. offers schoo web campus, an online video learning service. It provides free live lessons based on concept of what people should learn now; and radio type lesson, which provides a learning experience by sound. The company also measures to use learning videos on schoo as teaching materials for university education and free information to newspaper owners and freelancers. Schoo Inc. was founded in 2011 and is based in Tokyo, Japan.

creww

Seed Round in 2012
Creww is a startup community for entrepreneurs, where highly motivated people can inspire each other with their innovations. More than 1700 startups have signed up for Creww's online platform. Now Creww is expanding its business to Asia in a beta phase. Through our Creww Collaboration, startups around Asia can partner with larger enterprises to accelerate growth and discover new possibilities.

ALDOCK

Seed Round in 2018
ALDOCK develops a groundbreaking risk test that will help in the early detection of cancer. The company is conducting research and development of risk tests that will help in the early detection of cancer. ALDOCK analyzes biomarker measurement results by machine learning to constantly improve inspection accuracy, and also construct an NGS analysis pipeline for that purpose. It provides a secure API / SDK that can be shared with other applications, as well as the inspection result can be confirmed by the user from the application.

Mytrax

Seed Round in 2011
Mytrax Inc. develops, sells, and licenses audio software. The company was founded in 2011 and is based in Tokyo, Japan. As of April 2012, Mytrax Inc. operates as a subsidiary of MTI Ltd.

AI Medical Service

Series A in 2018
AI Medical Service is a start-up company that develops artificial intelligence that brings together the wisdom of Japanese endoscopic specialists and contributes to the development of endoscopic medical care worldwide.

Coincheck

Venture Round in 2015
Coincheck, Inc. operates a bitcoin and cryptocurrency exchange in Japan. The company engages in buying and selling of bitcoins and cryptocurrencies such as, Ethereum and Ripple. It also provides payment and lending services of bitcoins. The company develops software for trading of bitcoins. Coincheck, Inc. was founded in 2012 and is based in Tokyo, Japan. As of April 16, 2018, Coincheck, Inc. operates as a subsidiary of Monex Group, Inc.

Linc'well

Series B in 2020
Linc'well Inc. develops a software system for the health care industry. The company develops a software as a service (SaaS) based platform, which provides web inquiry, call, payment, electronic medical records, and other digitization services. The company also provides clinic operation and management support services through the brand CLINIC FORE. In addition, the company provides online support services, including medical supplement subscriptions. It serves healthcare institutions and clinics. The company was founded in 2018 and is headquartered in Tokyo, Japan.

Aiming

Seed Round in 2011
Aiming Inc. engages in the production and development of online games for PCs, browsers, smartphones, home consoles, and mobile phones in Japan. The company was founded in 2011 and is headquartered in Tokyo, Japan.

Pricebook

Seed Round in 2013
Pricebook Co., Ltd., a company offering shopping search engine for gadgets in Indonesia and SEA. The company aims to "adapt proven know-hows to the huge & fast growing market, offering a No.1 platform for online shoppers".

TownWiFi

Seed Round in 2016
TownWiFi Inc. develops mobile software that automatically connects to WiFi in town. It auto connects and authenticates WiFi all over the world. The company was founded in 2015 and is based in Tokyo, Japan with additional offices in Taiwan, Hong Kong, and Macau.

SummerTimeStudio

Seed Round in 2014
SummerTimeStudio Co.,Ltd. is engage in tablet, smartphone, game development and operation of next-generation AR hard. The company was founded in June, 2011 and is based in Okinawa, Japan.

MIKAWAYA21

Venture Round in 2015
MIKAWAYA21 Co., Ltd. manufactures IOT devices for the elderly that includes MAGO button. The company also deliver parcels containing food items to elderly households in sparsely populated areas through drones. The company was founded in August 10, 2012 and is based in Tokyo, Japan.

GameWith

Seed Round in 2013
gamewith.jp is hints & tips community for smartphone games in japan.

retro

Seed Round in 2014
retro is a secondhand goods purchase and consignment sales site.retro operate services and media that make it easier to buy and sell personally owned assets, such as branded goods, cars and real estate.

FEZ INC.

Convertible Note in 2020
Fez is a new business development department for various people in the retail industry.

aipass

Private Placement in 2020
CUICIN Inc. develops and operates aiPass, which provides operation services for accommodation facilities. The company's platform offers check-in to guides in the hotel and tourist information. CUICIN Inc. was founded in 2019 and is based in Tokyo, Japan.