Japanese VC Incubate Fund Asia announces first close Of $50 Mn fund to back India & SEA startups
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The early stage Japanese venture capital (VC) firm Incubate Fund Asia has concluded the first close of its third fund with a target corpus of $50 Mn (around INR 416 Cr). The VC firm will look to deploy the funds in 20 pre-seed and seed stage startups across India and Southeast Asia, investing in the $500K to $1.5 Mn range. Incubate Fund Asia will also make follow-on investments in portfolio startups via Fund III.