DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Incubate Fund US GP, L.L.C.
Incubate Fund US GP, L.L.C.
This firm files as 2 advisers on incubatefund.com: Incubate Fund Management Pte. Ltd.. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.
我々は”挑戦者”であり続けるベンチャーキャピタルです。 志ある起業家の挑戦を、創業初期から支え抜くことを使命としています。
name or self-description says accelerator
Importance
26
moderate
Active deployment
55
elevated
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
19
moderate
Identity and regulatory footprint
- Headquarters
- unknown
- Office address
- 2255 SHOWERS DRIVE, SUITE 143, MOUNTAIN VIEW, CA, 94040sec.gov
- Business phone
- 650-943-3294adviserinfo.sec.gov
- Website
- http://www.gepartners.ai
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 3 (3 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $64.7Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 650-943-3294adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
26 observed deals
Stated (the firm’s website)
- Sectors
- media
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 26
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Incubate Fund US II, LP | Fund | 2024 adv first reported | Early deployment | $22.4M Mar 29, 2024 | 14 | $0 | Jun 29, 2022 |
| Incubate Fund US, L.P. | Fund | unknown | Unknown | $27.4M Mar 29, 2024 | 17 | unknown | unknown |
| Incubate Fund US GP, L.L.C. | Fund | unknown | Unknown | unknown | unknown | $0 of $18.2M | Apr 23, 2019 |
| Incubate Fund US III, LP | Fund | unknown | Fundraising | unknown | unknown | $0 | Sep 26, 2025 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
6 current, 0 departed
Paul McInerney
AssociateAssociate
Yusuke Ueno
AssociateAssociate
Masashi Ihara
General partnerGeneral Partner
Yuichiro Kondo
General partnerGeneral Partner
Kazuki Notsu
PartnerManaging Director · since Nov 1, 2019
Megumi Hatsuta
Platform and operationsOperations
Investments on record
26 edges, 26 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
10 relationships from shared deals, counted for the whole firm
MCJ Venture Management 1 shared · one timeSierra Ventures 1 shared · one timeIndelible Ventures, LLC 1 shared · one timeAIR Street Capital II LP 1 shared · one timePWV Capital Management LLC 1 shared · one timeKalaari Capital Advisors Pvt Ltd 1 shared · one timeBLC Advisors, Ltd. 1 shared · one timeBuentrip Ventures Capital Management, LLC 1 shared · one timeDV Partners Management 1 shared · one timeQiming 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
4 dated events
- Mar 29, 2024Incubate Fund US II, LP first reported on Form ADV by Incubate Fund US GP, L.L.C. (Venture Capital Fund), GAV $22,411,250Fund first reported on Form ADVFundsFactIncubate Fund US II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2021Incubate Fund US GP, L.L.C. first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 25, 2021Incubate Fund US, L.P. first reported on Form ADV by Incubate Fund US GP, L.L.C. (Venture Capital Fund), GAV $17,700,000Fund first reported on Form ADVFundsFactIncubate Fund US, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 23, 2019Incubate Fund US, L.P. filed Form D: no sales yet of $18,233,203, Venture Capital Fund
Classification history
- Sep 12, 2026Accelerator (confirmed, 95%, cls-1)name or self-description says accelerator
Evidence
70 observations from 4 sources