Incubate Fund Raises $91M Fund

incubate-fundJapanese venture capital firm Incubate Fund raised a $91m fund.

Backed by Tencent, Yahoo Japan, Sega Sammy, Tokyo Broadcasting System, INCJ, Sumitomo Mitsui Banking, Mistletoe, Mixi, and Development Bank of Japan, Incubate Fund III will focuses on seed investments in early-stage startups located in North America, Japan, and the rest of Asia.

Led by Toru Akaura, Honma Masahiko, Wada Keisuke, and Murata Yusuke, the vehicle will back media, entertainment, gaming, ecommerce, digital health, fintech, connected car and real estate startups.
It has already invested in Drivemode (read here).



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