Incubate Fund

Incubate Fund Asia (formerly Incubate Fund India) is a seed and pre-seed stage venture capital firm originating from Japan, with a global track record of investing in over 700 startups. Founded in 2016 as a dedicated India-focused vehicle of Japan's Incubate Fund — one of Japan's leading independent early-stage VCs — the firm has expanded its mandate to cover India and Southeast Asia. With offices in Tokyo, Singapore, Bangalore, Mumbai, San Francisco, and São Paulo, Incubate Fund Asia backs sector-agnostic early-stage startups and manages multiple funds including the SMBC Asia Rising Fund, a co-investment vehicle targeting fintech, payments, and supply chain finance in partnership with SMBC Group. The firm is led by Founding General Partner Nao Murakami and invests in pre-seed through seed rounds.