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

General Partner

Yuuki Aono

Associate

Gotoh Katsunari

Professional Partner

Masahiko Homma

General Partner

Haruki Imaizumi

Associate

Past deals in Transportation

Letara

Seed Round in 2024
Letara operates a space technology platform intended to service a logistics network spanning the solar system. The company develops propulsion systems for small spacecraft, including high-thrust, plastic-based propulsion designed to be safe and inexpensive for research, development, and operational use in both Earth orbit and deep space, enabling small satellites and related assets to move efficiently across space.

ZABoooN

Series A in 2024
ZABoooN is a shipping company that specializes in maritime solutions, providing services in crew labor management, movement management, and ship management. The company has developed a platform that streamlines the connection between ships and land operations, allowing for efficient management of maritime logistics. Its ship management function simplifies the attendance registration process for seafarers, enabling users to record attendance with a single tap on a smartphone or tablet. This innovation automatically generates a labor-management record book, enhancing operational efficiency and reducing costs for clients through cloud-based services.

Letara

Seed Round in 2024
Letara operates a space technology platform intended to service a logistics network spanning the solar system. The company develops propulsion systems for small spacecraft, including high-thrust, plastic-based propulsion designed to be safe and inexpensive for research, development, and operational use in both Earth orbit and deep space, enabling small satellites and related assets to move efficiently across space.

Cartken

Venture Round in 2024
Cartken develops delivery robots designed for transporting items over short distances within neighborhoods. Their robots are equipped with advanced sensors and cameras for collision avoidance and hazard detection, ensuring safe navigation in urban environments.

Landit

Series A in 2024
Landit manages transportation infrastructure and real estate technology firms.

EV Motors Japan

Series D in 2024
EV Motors Japan specializes in the sales and service of commercial electric vehicles within the automotive industry.

Newmo

Seed Round in 2024
Newmo is a technology company that specializes in sustainable local public transportation. It develops a ride-sharing service platform, enabling drivers to work flexibly using their free time, and providing passengers with a safe, secure, and comfortable user experience.

Iwaya Giken

Venture Round in 2023
Iwaya Giken manufactures and sells gas balloons, airtight cabins, and other space-travel equipment.

Iwaya Giken

Venture Round in 2023
Iwaya Giken manufactures and sells gas balloons, airtight cabins, and other space-travel equipment.

Landit

Seed Round in 2022
Landit manages transportation infrastructure and real estate technology firms.

Iwaya Giken

Venture Round in 2022
Iwaya Giken manufactures and sells gas balloons, airtight cabins, and other space-travel equipment.

Iwaya Giken

Seed Round in 2021
Iwaya Giken manufactures and sells gas balloons, airtight cabins, and other space-travel equipment.

Cartken

Seed Round in 2021
Cartken develops delivery robots designed for transporting items over short distances within neighborhoods. Their robots are equipped with advanced sensors and cameras for collision avoidance and hazard detection, ensuring safe navigation in urban environments.

Iwaya Giken

Venture Round in 2021
Iwaya Giken manufactures and sells gas balloons, airtight cabins, and other space-travel equipment.

TeTra

Venture Round in 2019
TeTra Aviation Corp. is a Tokyo-based company founded in 2018, specializing in the design, research, and manufacturing of flying cars. The company focuses on developing electric vertical take-off and landing aircraft, aiming to revolutionize air mobility. TeTra's innovative single-seat flying cars are designed to enhance transportation options, particularly in emergency medical situations, allowing medical professionals to reach patients quickly in disaster areas or urban environments. In addition to its manufacturing capabilities, TeTra provides consulting and research services, offering comprehensive solutions that include both hardware and software development. Through its advancements in air mobility, TeTra strives to create new possibilities for personal and emergency transportation.

Carstay

Seed Round in 2019
Carstay is a Tokyo-based provider offering a vanlife and car-sharing platform within mobility as a service. Its service enables travelers in Japan to reserve in-car night stops, including parking and tent sites, and it provides car night insurance for equipment damage, injuries, disputes between users, and noise. Founded in 2018, Carstay also supports affordable travel by allowing passengers to book cab experiences for adventures and activities and to share rides to save money.

Yulu

Seed Round in 2018
Yulu operates a micro-mobility platform in India, aiming to alleviate traffic congestion and air pollution. It offers dockless, electric two-wheelers powered by IoT technology, accessible via an app on a pay-per-use basis.

Sharenori

Seed Round in 2015
Sharenori is a car sharing service that connects people who want to ride and people who own a car and shares the car among individuals.
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.