Incubate Fund

Incubate Fund, established in 2010, is a Japan-based early-stage venture capital firm specializing in seed-stage technology startups. With a portfolio of over 300 companies, it has facilitated 12 IPOs and 20 M&A exits since inception. Incubate Fund India, founded in 2016 and based in Bengaluru, operates as a subsidiary, focusing on pre-seed and seed-stage startups in India. Both entities are backed by Incubate Fund, with Incubate Fund III, a 2014 vintage fund, investing across Asia and North America in various sectors including technology, media, and logistics.

Yuuki Aono

Associate

Haruki Imaizumi

Associate

Gotoh Katsunari

Professional Partner

Kazuki Koyama

Associate

Ryu Kusakabe

Associate

Dave Kwong

Associate

Misuzu Matsumoto

Associate

Nao Murakami

Founder and General Partner

Kazuki Notsu

Co-Founder, Managing Director and Overseas Partners

Satoshi Nunokawa

Associate

Rajeev Ranka

Principal

Koichi Saito

Overseas Partner

Kyosuke Seto

Associate

Koki Tanaka

Associate

Ryo Taneichi

Associate

Tohru Akaura

Co-Founder and General Partner

Kyosuke Seto

Associate

Past deals in Social Network

Black Cat Carnival

Pre Seed Round in 2025
Black Cat Carnival is a technology company that operates a photo and video-sharing platform. This platform is designed to facilitate social interaction and content sharing, with a focus on real-time communication. It offers features such as user-generated content, targeted advertising, engagement analytics, display posts, comments, and real-time reactions, all within an anonymous, short-form social networking environment. The company aims to eliminate the inconveniences of traditional social networking services by providing a unique, entertainment-focused experience.

Phi

Seed Round in 2024
Phi is a social gaming platform that emphasizes on-chain identity through the use of Ethereum Name Service and wallet activities. It enables users to create and develop their own web3 cities, leveraging their on-chain interactions. The platform features various tools and resources, such as the Silver Gas Saver and Supersonic Bat, designed to enhance the gaming experience. Phi offers a user guide to assist players in navigating the platform and establishing their unique Phi Land. By gamifying blockchain activities, Phi provides an engaging and interactive environment for users to visualize and claim in-game assets based on their wallet behaviors.

Artreoss

Seed Round in 2024
Artreoss is an IT services company that specializes in app planning, training, and development. It has also developed a matching platform specifically designed for lesbians and bisexual women, facilitating connections within these communities. This platform employs a social networking service format, allowing users to share text and photos to promote authenticity and empathy. By creating a safe space for users, Artreoss aims to empower the lesbian, gay, bisexual, and transgender community, fostering meaningful interactions and relationships.

Tamasha

Seed Round in 2021
Tamasha is a community gaming platform focused on providing an engaging live gaming experience primarily for users in India. It enables individuals to host live games, participate in real money contests, and connect with others. The platform allows content creators to engage their communities through social games, facilitating both entertainment and monetization opportunities. Additionally, Tamasha supports game developers by providing an ecosystem where they can create and distribute community-driven games. Through its influencer-led approach, Tamasha not only entertains users with various live game shows but also fosters interaction between fans and their favorite creators.

Graffer

Series A in 2019
Graffer, Inc. is a Tokyo-based company founded in 2017 that develops a web-based platform aimed at simplifying administrative processes for businesses in Japan. The platform provides a comprehensive directory and procedural guides, digitizing government paperwork to facilitate the submission of commercial documents. By offering a streamlined approach to regulatory compliance, Graffer enables business owners to navigate complex issues and file necessary documents efficiently. The company positions itself as a social infrastructure initiative, addressing challenges within the traditional government system and empowering individuals and businesses to take action effectively.

Readhub

Venture Round in 2019
ReadHub Inc. is an online platform founded in 2019 and based in Minato-ku, Japan, that focuses on enhancing the reading experience through social interaction. The platform allows users to share book reviews and exchange comments, fostering a community where individuals can discover new interpretations and ideas related to reading. By connecting users with similar interests, ReadHub enables them to find books they may want to read based on recommendations from others, thereby enriching their engagement with literature. Through its focus on information technology and internet media, ReadHub aims to create a collaborative environment for readers.

Graffer

Venture Round in 2019
Graffer, Inc. is a Tokyo-based company founded in 2017 that develops a web-based platform aimed at simplifying administrative processes for businesses in Japan. The platform provides a comprehensive directory and procedural guides, digitizing government paperwork to facilitate the submission of commercial documents. By offering a streamlined approach to regulatory compliance, Graffer enables business owners to navigate complex issues and file necessary documents efficiently. The company positions itself as a social infrastructure initiative, addressing challenges within the traditional government system and empowering individuals and businesses to take action effectively.

Tyffon

Convertible Note in 2017
Tyffon Inc. is a developer of entertainment applications and immersive mixed reality (MR) content, founded in 2011 and headquartered in Santa Monica, California, with additional operations in Tokyo, Japan. Initially recognized for its mobile applications, including ZombieBooth, GenderMorph, and NecroFace, Tyffon gained significant attention with ZombieBooth 2, which garnered 40 million downloads in North America. The company participated in Disney's inaugural incubation program, leading to the collaborative release of "Show Your Disney Side." Tyffon has expanded into the location-based virtual reality sector with the establishment of its venue, TYFFONIUM, which offers immersive experiences that combine virtual and augmented reality technologies. This venue allows guests to engage in hyper-realistic environments and social interactions while exploring various entertainment content and games. Tyffon's ongoing projects include plans to open additional locations outside Japan, further enhancing its presence in the entertainment technology landscape.

Wantedly

Funding Round in 2017
Wantedly is a Tokyo-based startup that operates a social recruiting platform designed to connect job seekers with companies based on shared passions and values rather than solely on financial incentives. By leveraging social graphs, Wantedly enables users to discover interesting job opportunities that align with their personal and professional interests. The platform facilitates meaningful interactions between individuals and organizations, fostering a unique environment where work is approached as an exciting and fulfilling endeavor. Through its innovative service, Wantedly aims to transform the traditional job search experience into one that prioritizes personal connection and professional satisfaction.

Graffer

Venture Round in 2017
Graffer, Inc. is a Tokyo-based company founded in 2017 that develops a web-based platform aimed at simplifying administrative processes for businesses in Japan. The platform provides a comprehensive directory and procedural guides, digitizing government paperwork to facilitate the submission of commercial documents. By offering a streamlined approach to regulatory compliance, Graffer enables business owners to navigate complex issues and file necessary documents efficiently. The company positions itself as a social infrastructure initiative, addressing challenges within the traditional government system and empowering individuals and businesses to take action effectively.

Tyffon

Venture Round in 2016
Tyffon Inc. is a developer of entertainment applications and immersive mixed reality (MR) content, founded in 2011 and headquartered in Santa Monica, California, with additional operations in Tokyo, Japan. Initially recognized for its mobile applications, including ZombieBooth, GenderMorph, and NecroFace, Tyffon gained significant attention with ZombieBooth 2, which garnered 40 million downloads in North America. The company participated in Disney's inaugural incubation program, leading to the collaborative release of "Show Your Disney Side." Tyffon has expanded into the location-based virtual reality sector with the establishment of its venue, TYFFONIUM, which offers immersive experiences that combine virtual and augmented reality technologies. This venue allows guests to engage in hyper-realistic environments and social interactions while exploring various entertainment content and games. Tyffon's ongoing projects include plans to open additional locations outside Japan, further enhancing its presence in the entertainment technology landscape.

Vivit

Seed Round in 2014
Vivit, Inc. is a Tokyo-based company that operates an excursion buddy and destination discovery platform focused on outdoor activities. Its offerings include a variety of experiences such as rafting, buggy rides, and visits to sightseeing hotspots, as well as seasonal events. The company provides media information services related to camping and outdoor adventures through an application that consolidates details about outing locations, skiing and snowboarding slopes, and outdoor equipment rentals. Users can enhance their experience by integrating their Facebook accounts, allowing them to express interest in activities and share their plans with friends.

Wanderlust

Venture Round in 2014
Wanderlust Inc., founded in 2013 and based in Tokyo, Japan, operates an online social travel guide called Compathy. This platform allows local users to recommend their favorite places, enabling travelers to discover unique experiences. The company's mission is to foster connections between diverse cultures by facilitating exchanges of recommendations and travel tips. Additionally, Wanderlust encourages offline events where individuals from different backgrounds can share insights about their home countries, promoting meaningful interactions. Through its travel magazine and experience logbook service, Wanderlust aims to create a collaborative environment where users can plan itineraries, share travel experiences, and ultimately contribute to stronger cross-border relationships.

Spika

Seed Round in 2014
Spika Inc. is a Tokyo-based company founded in April 2014 that specializes in developing applications for nail designs. The company operates Nailbook, a photo-sharing service that allows users to explore a diverse array of nail art designs. By providing a platform for sharing and discovering creative nail ideas, Spika aims to enhance the experience of nail enthusiasts and professionals alike.

Timers

Venture Round in 2013
Timers Inc., based in Tokyo, Japan, develops a variety of mobile applications aimed at enhancing social connections. The company operates 'Pairy', a social networking service designed specifically for couples, facilitating communication and relationship management. Additionally, Timers offers applications focused on matchmaking for singles, broadening its appeal in the dating landscape. Another aspect of their portfolio includes a family-oriented application that allows users to create and share photos and albums, particularly for child-rearing families. This platform enables families to compile monthly calendars and share memories with friends and relatives, fostering deeper familial connections.

Pairy

Venture Round in 2013
Pairy is a social networking application aimed at facilitating romantic relationships between users. The app allows individuals to create profiles in a couple-only format, ensuring a focused and private environment for users. It offers a curated list of filtered profiles, helping users find compatible partners. Additionally, Pairy enables users to communicate through private chats, where they can share text messages and photos. The platform is designed to help couples create and cherish memories together, enhancing their romantic connections.

10sec

Seed Round in 2013
10sec is an online marketplace for Instagram users to post items for sale in under 10 seconds and shop the stores of other users. Our core target are users already using Instgram to buy and sell. There are more than 2 million posts to Instagram using the #forsale hashtag, but there is currently no feature to unite these posts and provide a safe, efficient marketplace. 10sec provides a space to market goods, a safe and secure payment system and a unified shipping system. It also provides a platform for discovery commerce, adding a social element. Users log on for fun, as well as to exchange goods. We are currently creating an app which will allow users to post items not only from 10sec, but from other apps like Instagram and Vine.

Wanderlust

Seed Round in 2013
Wanderlust Inc., founded in 2013 and based in Tokyo, Japan, operates an online social travel guide called Compathy. This platform allows local users to recommend their favorite places, enabling travelers to discover unique experiences. The company's mission is to foster connections between diverse cultures by facilitating exchanges of recommendations and travel tips. Additionally, Wanderlust encourages offline events where individuals from different backgrounds can share insights about their home countries, promoting meaningful interactions. Through its travel magazine and experience logbook service, Wanderlust aims to create a collaborative environment where users can plan itineraries, share travel experiences, and ultimately contribute to stronger cross-border relationships.

Prosbee

Seed Round in 2013
Prosbee is an information technology and services company that offers Booklap, a social network which enables its users to search, find, and read books. Prosbee was founded by Reo Kasai in May 2012. It is based in Tokyo, Japan.

Netsket

Series A in 2012
Netsket operates a social ticketing and event management platform in Japan, similar to services like Eventbrite. The platform provides users with comprehensive information about various events, including seminars and workshops, along with features for ticket purchasing and application submissions. By facilitating easy access to event details and ticketing options, Netsket enhances the user experience for those looking to attend their preferred events.

Lelele

Seed Round in 2012
Lelele Company, based in Japan, is an IT services firm that specializes in facilitating social interactions through its unique application. This platform allows users to meet for tea, bridging connections that might not occur otherwise. In addition to its social application, Lelele offers cloud-based business solutions tailored for corporate clients, along with management information services designed to support workers in Japan.

Prosbee

Seed Round in 2012
Prosbee is an information technology and services company that offers Booklap, a social network which enables its users to search, find, and read books. Prosbee was founded by Reo Kasai in May 2012. It is based in Tokyo, Japan.

Whyteboard

Seed Round in 2012
Whyteboard Inc. is a Tokyo-based company, founded in 2011, that specializes in developing a social commerce application. This application allows Facebook users to engage in buying and selling goods through an auction model. It leverages social data to promote trust between buyers and sellers, facilitating a secure and interactive marketplace. Users can showcase items they wish to buy or sell, enabling them to host online auctions effectively. The platform is designed to cater to various sectors, including media, website development, and sports businesses, enhancing user experience and engagement in the social commerce space.

Istpika

Series A in 2010
Istpika is a developer of social games, specializing in gaming applications for mobile devices that are designed for popular social media platforms, including Facebook and the iPhone. Founded in January 2009 as a spin-off from another company, Istpika operates globally with offices in Tokyo and Osaka, as well as international locations. The company emphasizes research and development, particularly in viral technology, with the goal of creating social applications that enhance communication among users.

KiHeiTai

Seed Round in 2010
KiHeiTai Inc. is a Tokyo-based company specializing in the development of smartphone applications and internet services, focusing on enhancing global communication. Established in 2010, it is best known for its application Taptrip, which allows users to connect with people from over 200 countries, fostering cross-cultural interactions and experiences. The platform enables users to share photos and news while facilitating smooth communication, effectively bridging distances and reducing barriers to global connectivity. Through its innovative approach, KiHeiTai aims to enrich users' experiences and promote cultural exchange on a global scale.

Pokelabo

Series A in 2010
Pokelabo, Inc. is a Tokyo-based company established in 2007 that specializes in the planning, development, and management of mobile social applications. As a subsidiary of Mynet Inc. since June 2016, Pokelabo focuses on creating interactive smartphone games that can be integrated with TV animation and stage performances. The company leverages the unique characteristics of mobile technology, allowing users to access its services anytime and anywhere, distinguishing itself from traditional personal computer applications. Additionally, Pokelabo operates a mobile search site, Pocket Bookmark, which is centered around social bookmarking, reflecting its commitment to enhancing user engagement in the mobile content space.
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