Incubate Fund

Incubate Fund is an independent venture capital firm founded in 2010 and based in Tokyo, Japan. It specializes in seed and early-stage investments in technology startups, backing entrepreneurship across Asia. The firm has built a portfolio of more than 300 companies and has delivered multiple exits, including 12 initial public offerings and 20 mergers and acquisitions since its inception. It maintains a broad sector focus that spans business products and services, consumer products and services, information technology and the Internet of Things, as well as media, entertainment, games, commerce, logistics, medical, financial services, real estate, automobiles, and housing-related innovation. Through its regional presence in Asia, the firm supports founders from early development through scaling, aiming to back ambitious teams with potential for significant growth.

Tohru Akaura

Co-Founder and General Partner

Yuuki Aono

Associate

Gotoh Katsunari

Professional Partner

Haruki Imaizumi

Associate

Masahiro Kitao

Professional Partner

Kazuki Koyama

Associate

Ryu Kusakabe

Associate

Dave Kwong

Overseas Partner

Misuzu Matsumoto

Associate

Nao Murakami

Co-Founder and General Partner

Kazuki Notsu

Co-Founder, Managing Director and Overseas Partners

Satoshi Nunokawa

Associate

Rajeev Ranka

Principal

Kyosuke Seto

Associate

Kyosuke Seto

Associate

Koki Tanaka

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 develops an on-chain identity platform and social gaming experiences for web3 protocols. The company combines wallet activity with on-chain identity to gamify blockchain interaction, enabling users to visualize their activity and participate in social games tied to their digital footprint. Its platform supports immersive experiences such as Phi Land where players can access gamified environments and claim in-game objects based on their wallet actions. By turning blockchain events into gameplay, Phi aims to provide a clear, interactive way to engage with web3 ecosystems and build a sense of community around wallet activity.

Artreoss

Seed Round in 2024
Artreoss is an IT services company that specializes in app planning, training, and development. It is also the developer of a unique matching platform aimed at lesbians and bisexual women, providing a safe space for authentic interactions. The platform employs a social network-style format, allowing users to share text and photos based on shared experiences and empathy. This innovative approach not only empowers individuals within the lesbian, gay, bisexual, and transgender community but also fosters meaningful relationships through supportive and genuine connections.

Tamasha

Seed Round in 2021
Tamasha is a community gaming platform based in India that facilitates live gaming experiences, allowing users to engage with friends and participate in real money contests. The platform aims to create a gaming metaverse where content creators can connect with their audiences through interactive social games, providing a space for both entertainment and monetization. By enabling influencers to host live game shows, Tamasha enhances user interaction and offers fans the chance to engage with their favorite personalities. Additionally, the platform supports game developers by providing a creator ecosystem for the development and distribution of community-driven games, fostering a collaborative environment for both creators and players.

Readhub

Venture Round in 2019
ReadHub Inc. is an online platform established in 2019 and based in Minato-ku, Japan, that focuses on enhancing the reading experience through social interaction. The company offers a space for users to share book reviews, exchange comments, and discover new interpretations and ideas related to reading. By facilitating discussions and connections among users with similar interests, ReadHub enables individuals to find books that resonate with them and enrich their literary journeys. As a developer of Internet media and applications, ReadHub aims to create a community that fosters a deeper appreciation for literature.

Crosshare

Seed Round in 2018
Crosshare Inc., founded in 2018 and based in Tokyo, Japan, specializes in developing e-mode, a web service aimed at enhancing the experience of e-sports players and enthusiasts. The company focuses on creating a platform that facilitates communication and connection among gamers, allowing them to find friends and improve team management with ease. By promoting electronic sports and providing tools for effective interaction, Crosshare seeks to maximize the overall value of the player experience in the rapidly growing e-sports industry.

TYFFON

Convertible Note in 2017
TYFFON is a Tokyo-based developer of immersive mixed reality, virtual reality, and augmented reality entertainment content. The company creates mobile apps such as ZombieBooth and related image transformation tools, and has expanded to immersive experiences that blend 3D animation with social interaction. TYFFON operates Free Roam location-based virtual reality venues under the TYFFONIUM brand, offering guests multi-sensory, hyper-real environments that can be explored freely. Founded in 2011, TYFFON has pursued strategic partnerships and international expansion, including participation in Disney’s accelerator program in 2014 and a collaboration with Disney, as well as opening TYFFONIUM stores in Japan with plans for overseas locations. The company focuses on delivering magical reality experiences across its mobile apps and location-based venues by combining VR and AR technologies with imaginative content.

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.

TYFFON

Venture Round in 2016
TYFFON is a Tokyo-based developer of immersive mixed reality, virtual reality, and augmented reality entertainment content. The company creates mobile apps such as ZombieBooth and related image transformation tools, and has expanded to immersive experiences that blend 3D animation with social interaction. TYFFON operates Free Roam location-based virtual reality venues under the TYFFONIUM brand, offering guests multi-sensory, hyper-real environments that can be explored freely. Founded in 2011, TYFFON has pursued strategic partnerships and international expansion, including participation in Disney’s accelerator program in 2014 and a collaboration with Disney, as well as opening TYFFONIUM stores in Japan with plans for overseas locations. The company focuses on delivering magical reality experiences across its mobile apps and location-based venues by combining VR and AR technologies with imaginative content.

GameWith

Series B in 2015
Founded in 2013, GameWith is a Japanese company specializing in online game information communities. It offers strategy guides and tips for smartphone games, catering to the rapidly expanding mobile gaming market.

Vivit

Seed Round in 2014
Vivit, Inc. is a company based in Tokyo, Japan, that operates a platform focused on outdoor activities and destination discovery. It offers a range of experiences, including rafting, buggy rides, and access to sightseeing hotspots and seasonal events. The platform features an application that provides information on camping, skiing, and snowboarding locations, as well as outdoor equipment rentals. Users can enhance their experience by integrating their Facebook accounts, allowing them to express interest in activities and share plans with friends. Vivit aims to be a comprehensive resource for outdoor enthusiasts, enabling consumers to easily find and participate in various outdoor adventures.

AnyTimes

Venture Round in 2014
AnyTimes is a household services marketplace that facilitates the connection between individuals seeking assistance with everyday tasks and those willing to provide such services. The platform allows users to crowdsource solutions for various needs, ranging from pet care to furniture assembly. By enabling users to submit requests and specify compensation, AnyTimes creates an environment where community members can offer their skills for tasks like cleaning or cooking. This peer-to-peer approach eliminates brokerage fees, fostering a collaborative atmosphere where individuals can support each other in completing daily chores and enhancing their quality of life.

Wanderlust

Venture Round in 2014
Wanderlust Inc. is a Japanese startup founded in 2013 and based in Tokyo, focused on enhancing global connections through travel. The company operates Compathy, an online social travel guide that allows users to recommend their favorite destinations and experiences. This platform enables travelers to discover personalized suggestions from locals, fostering cultural exchange and understanding. Wanderlust aims to facilitate communication among individuals from diverse backgrounds by organizing events that encourage offline interactions and sharing of recommendations. In addition to its social travel guide, Wanderlust provides a service for users to document and share their travel itineraries and experiences, promoting collaboration and connection among travelers worldwide.

GameWith

Series A in 2014
Founded in 2013, GameWith is a Japanese company specializing in online game information communities. It offers strategy guides and tips for smartphone games, catering to the rapidly expanding mobile gaming market.

Spika

Seed Round in 2014
Spika Inc. is a company based in Tokyo, Japan, founded in April 2014. It specializes in developing an application known as Nailbook, which serves as a photo-sharing platform focused on nail art designs. The service provides users with access to a diverse collection of nail design photos, catering to both enthusiasts and professionals in the beauty industry. Through its innovative approach, Spika aims to enhance creativity and engagement within the nail art community.

Timers

Venture Round in 2013
Timers Inc. is a Tokyo-based company that develops a variety of mobile applications catering to different social needs. Their flagship product, 'Pairy', is a social networking application specifically designed for couples, fostering connection and interaction. Additionally, Timers offers applications aimed at singles for matchmaking purposes. The company also provides a family-oriented application that enables users to create monthly calendars and photo albums for child-rearing families, allowing them to share memories and strengthen family bonds. Through these diverse offerings, Timers Inc. seeks to enhance social engagement and familial relationships.

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.

GameWith

Seed Round in 2013
Founded in 2013, GameWith is a Japanese company specializing in online game information communities. It offers strategy guides and tips for smartphone games, catering to the rapidly expanding mobile gaming market.

Wanderlust

Seed Round in 2013
Wanderlust Inc. is a Japanese startup founded in 2013 and based in Tokyo, focused on enhancing global connections through travel. The company operates Compathy, an online social travel guide that allows users to recommend their favorite destinations and experiences. This platform enables travelers to discover personalized suggestions from locals, fostering cultural exchange and understanding. Wanderlust aims to facilitate communication among individuals from diverse backgrounds by organizing events that encourage offline interactions and sharing of recommendations. In addition to its social travel guide, Wanderlust provides a service for users to document and share their travel itineraries and experiences, promoting collaboration and connection among travelers worldwide.

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.

Lelele

Seed Round in 2012
Lelele Company is a Japan-based IT services firm that specializes in innovative technology solutions. The company offers a unique application that facilitates social interactions by allowing users to connect over tea, even when they might not typically have the opportunity to meet. In addition to this social platform, Lelele provides cloud-based business applications for corporate clients, enhancing operational efficiency. The company also supports a management information platform designed for workers, ensuring they have the tools and resources necessary for effective communication and productivity within the Japanese market.

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.

Froute

Seed Round in 2010
Froute Corporation is a mobile search engine based in Tokyo, Japan. The company specializes in operating a search portal site, which provides users with access to a variety of online content. In addition to its search capabilities, Froute is involved in media syndication and the development of social applications, enhancing user engagement and content distribution. Through its diverse offerings, Froute aims to streamline the search experience and connect users with relevant information across various digital platforms.

Istpika

Series A in 2010
Istpika is a global venture company that develops and publishes social games for platforms such as Facebook and the iPhone. Established in January 2009 after spinning off from another company, Istpika has offices in Tokyo, Osaka, and various international locations. The company is dedicated to research and development, with a focus on viral technology, aiming to create social applications that enhance communication among users. Through its innovative approach, Istpika seeks to engage users by providing interactive and entertaining gaming experiences that leverage the connectivity of social media.

Kiheitai

Seed Round in 2010
Kiheitai is a Tokyo-based developer of mobile communication applications and related internet services. The company operates a global platform that enables users to connect with people worldwide, share photos and news, and engage in cultural exchange, including services such as Taptrip. Founded in 2010, Kiheitai focuses on reducing distance barriers and facilitating international interaction through advanced connectivity and real-time communication features.

Pokelabo

Series A in 2010
Pokelabo, based in Tokyo, Japan, is a developer and operator of mobile social applications and interactive smartphone games. The company focuses on planning, development, and management of mobile content and aims to leverage the anytime, anywhere nature of mobile devices. Its activities include creating mobile social experiences tied to broadcasting content such as TV animation and stage performances, and operating internet media ventures. Pokelabo has developed mobile products and services, including Pocket Bookmark, a mobile search and social bookmarking service, illustrating its emphasis on social bookmarking concepts. The business emphasizes delivering engaging mobile experiences through content partnerships and media integrations with a focus on entertainment and mobile-first services.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.