# Incubate Fund Management

Incubate Fund Management is an Asset Manager based in Singapore, Singapore.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** incubatefund.com

## Regulatory record

- **CRD number:** 328078
- **SEC file number:** 802-129653
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328078

## About

Incubate Fund Management Pte. Ltd. is a Singapore-based investment adviser registered with the SEC since 2024. It is a SEC-registered entity.

## Sectors

- AI/ML
- Enterprise Software
- FinTech
- Mobility & Transportation
- Healthcare Services

## Offices

- Tokyo, Japan
- Seoul, South Korea

## People

- Toru Akaura — Founding General Partner
- Keisuke Wada — General Partner

## Questions

### Who makes investment decisions at Incubate Fund?

Founding general partner Toru Akaura leads the Tokyo office and sets overall firm strategy. Keisuke Wada runs the Singapore-based Southeast Asia practice as a general partner with local investment committee authority. The Seoul office operates with dedicated local partners focused on the Korean startup ecosystem.

### How does Incubate Fund source deals across three different countries?

The firm maintains separate partner-led investment teams in Tokyo, Singapore, and Seoul — each with its own local founder networks and deal origination capability. This multi-hub structure lets partners operate with autonomy within their respective geographies while sharing fund infrastructure and the Incubate Fund brand.

### What investment stages does Incubate Fund target?

Incubate Fund is a dedicated seed-stage investor that writes first checks into pre-Series A technology companies. The firm occasionally participates in follow-on rounds for portfolio companies that achieve product-market fit and raise subsequent financing.

### Which geographic markets does Incubate Fund invest in?

The firm's primary markets are Japan, South Korea, and Southeast Asia, with investment teams based in Tokyo, Seoul, and Singapore respectively. The Singapore entity serves as the regional hub for Southeast Asian deal flow while also co-managing cross-border investments alongside the Tokyo headquarters.

## Related profiles

- [Tropion Sports Partners](https://altss.com/profile/tropion-sports-partners-llc)
- [RINA Partners](https://altss.com/profile/rina-partners-llc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/incubate-fund-management-pte-ltd

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology