All funds
Incubate Fund logo

Incubate Fund

$1.5Tdisclosed portfolio round capital
4 Nov, 2024last investment
7portfolio companies
5team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 21 Jul 2026 across pre seed, seed, series a, strategic, unknown. Later-round outcomes are capped at the period end.

42.9%companies with a later round · 3/7
80000.95×median round-size step-up · n=2
Not availablemedian valuation step-up · n=0
11.1%recorded-solo rate · 1 solo / 8 syndicated
Gaming · 2 companiesFinance · 1 companiesInfrastructure · 1 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.

Opportunities

Crypto jobs across Incubate Fund's portfolio

0 current roles at companies backed by Incubate Fund, sourced from JobStash's crypto job board.

People

Team

K

Keisuke Wada

M

Masahiko Homma

P

Paul McInerney

T

Tohru Akaura

General Partner

Y

Yusuke Murata

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where Incubate Fund is recorded as an investor.

bitFlyer logo

bitFlyer

crypto
Finance

bitFlyer is a cryptocurrency exchange that makes trading simple for beginners. It is licensed to operate across the US, EU, and Japan, following high security standards. Users can invest in popular cryptocurrencies with as little as $1.

Unknown1 Feb, 2017$1.8M round
Series C1 Apr, 2016$27M round
Series B1 Aug, 2015$4M round
Series B1 Jan, 2015$1.1M round
Series B1 Oct, 2014$236K round
Series A1 Jul, 2014$1.6M round
Seed1 Jun, 2014$920K roundSyndicated · 3 disclosed investors
Murasaki logo

Murasaki

crypto
Gaming

Pioneering Web3 adventures through games, art, and community

Unknown1 Aug, 2022$1.5M roundSyndicated · 3 disclosed investors
Mycel logo

Mycel

crypto

Mycel is a blockchain interoperability project focused on developing decentralized infrastructure for secure cross-chain asset transfers. Its core solutions, including Transferable Accounts and the Account Transfer Protocol (ATP), enable users to manage and trade assets across different blockchains seamlessly. Mycel also aims to build a decentralized content delivery network (dCDN) as a scalable, community-driven alternative to traditional CDNs.

Angel1 Jul, 2024Syndicated · 8 disclosed investors
OrgoCore logo

OrgoCore

crypto

OrgoCore is building a music app on the Web3 blockchain technology.

Series A7 Jan, 2024$1.5T roundRecorded solo · lead signal
Infrastructure

Owlto Finance is a cross-chain bridging platform that lets users transfer assets across EVM and non-EVM networks, deploy contracts, and interact with its native $OWL token through bridging, staking, and referral programs. It serves crypto users and developers looking to move assets and deploy across multiple blockchain networks.

Private17 Jul, 2024
Unknown8 May, 2024Syndicated · 20 disclosed investors
Strategic1 May, 2024$8M roundSyndicated · 18 disclosed investors
Phi logo

Phi

crypto
Gaming

Phi is a platform for visualizing your on-chain identity by building web3 cities based on your wallet activities. It allows users to create an on-chain persona and showcase achievements using unique, tradable objects (ERC-1155 tokens) on land tied to their ENS domain.

Strategic 4 Nov, 2024Syndicated · 5 disclosed investors
Seed17 Feb, 2023$2T round
Thirdverse, Inc. logo

Thirdverse, Inc.

out of scope
Gaming

Thirdverse is an XR game studio that develops immersive virtual-reality games and social experiences. It also offers B2B XR solutions, including game development, AR experiences, contract development, and XR consulting.

Funding Round5 Sep, 2025$1.4T round
Strategic 22 Nov, 2022$15T round
Unknown1 Nov, 2022$15M round
Unknown1 Aug, 2021$20M roundSyndicated · 5 disclosed investors
Series A1 Oct, 2020$8.5M roundSyndicated · 4 disclosed investors