About Incentive Incubator
Incentive Incubator, an accelerator and incubator program founded in 2002, is based in Or Yehuda, Israel. With a presence in 4 countries, it has supported around 50 startups in sectors like Enterprise Applications, Life Sciences. As of Oct 2026, Incentive Incubator has witnessed 13 portfolio exits. Most notable companies in
its portfolio include Mend, Nitinote Surgical and Restore Medical. The program is backed by a team of 4 people who primarily support Seed startups based in Israel. Its latest investment was a Undisclosed Seed round in Kanso Diagnostics on Nov 2023, which also saw participation from Peregrine Ventures and Innovation Israel.
Key Metrics
Founded Year
2002
Location
Or Yehuda, Israel
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Incentive Incubator's List of Top Investments
Incentive Incubator has a portfolio of 50 companies. Their most notable investments are in Cordio Medical and ArTack Medical.Their portfolio spans across Israel, United States, Canada and 1 more locations. They have invested in Enterprise Applications, Life Sciences, High Tech and 13 other sectors, across stages such as Seed stage. Here is the list of top investments by Incentive Incubator:
1. Mend
Provider of application security platform securing code, open source, containers, and AI. The platform offers static and dynamic testing, code scanning, and software bill of materials. It provides dependency updates, open source security, and container security. The platform also secures AI-generated code and AI-powered applications. It offers AI red teaming and AI-based remediation workflows.
Key facts about Mend
- Founded Year: 2011
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $121M
- Employee Count: 259 as on Aug 31, 2026
- Investors: Susquehanna Growth Equity, 83NORTH and 6 Others
- Latest Funding Round: Series D, Apr 07, 2021, $*****
- Highlight: Editors' Pick
NitiNotes is focussed on developing non-surgical bariatric solutions for obesity issues. The company has received funding from Accelmed, an investment firm focused on value creation for medical device companies and technologies. As of Apr 2017, the company is operating from Peregrine's incubator and hasn't disclosed its product information and development details.
Key facts about Nitinote Surgical
- Founded Year: 2014
- Location: Ramat Gan (Israel)
- Stage: Series B
- Total Funding till date: $26.1M
- Employee Count: 34 as on Aug 31, 2026
- Investors: Accelmed, Arkin Holdings and 6 Others
- Latest Funding Round: Series B, Dec 23, 2024, $*****
- Highlight: Editors' Pick
Restore Medical is an early stage company focussed on developing a catheter-delivered implant for treatment of congestive heart failure (CHF). It is developing its flagship product called ContraBand which claims to provide improved quality of life for patients with left ventricle heart failure. As of December 2016, the company is operating as a portfolio of Incentive & the hasn't disclosed the device development details.
Key facts about Restore Medical
- Founded Year: 2016
- Location: Tel Aviv (Israel)
- Stage: Series B
- Total Funding till date: $32M
- Employee Count: 19 as on Aug 31, 2026
- Investors: European Innovation Council, Pitango and 3 Others
- Latest Funding Round: Series B, Jul 08, 2025, $*****
- Highlight: Editors' Pick
4. Eledon
Provider of therapeutics solution for organ or cellular transplantation in autoimmune and neurodegenerative disease. The company targets the CD40L pathway and anti-CD40 Ligand (CD40L) pathway antibodies. The company lead product is AT-1501, for pro-inflammatory responses in autoimmune disease, allograft transplant rejection, and neuroinflammation. The other lead product is AT-2001 to target autoimmune indications.
Key facts about Eledon
- Founded Year: 2004
- Location: Irvine (United States)
- Stage: Public
- Total Funding till date: $1.89M
- Employee Count: 42 as on Aug 31, 2026
- Investors: BVF Partners, Ridgeback Capital Management and 4 Others
- Latest Funding Round: Post IPO, May 09, 2024, $*****
- Highlight: Public
5. CartiHeal
CartiHeal provides of implant for bone and cartilage regeneration. The company has developed a cell-free implant Agili-C that enables bone and cartilage regeneration in a single-step procedure. Agili-C is CE marked for the treatment of focal articular cartilage and osteochondral defects.
Key facts about CartiHeal
- Founded Year: 2009
- Location: Kfar Saba (Israel)
- Stage: Acquired
- Total Funding till date: $65.8M
- Employee Count: 15 as on Aug 31, 2026
- Investors: Accelmed, Arkin Holdings and 8 Others
- Latest Funding Round: Series D, Jul 16, 2020, $*****
- Highlight: Acquired
Incentive Incubator's Year-on-Year Investment Trends
Incentive Incubator has invested in 50 companies over the last 24 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Kanso Diagnostics and most recent follow-on round was in ArTack Medical.Incentive Incubator's Investments by Stage
Incentive Incubator has made 6 investments in Seed stage with an average round size of $1.2M.Incentive Incubator's Investments by Sector
Incentive Incubator has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Enterprise Infrastructure, HealthTech and High Tech. Notably, it has invested in 45 Enterprise (B2B) companies, 45 Tech companies, 31 Software companies and at least 14 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Life Sciences | 3 |
Enterprise Infrastructure | 1 |
HealthTech | 1 |
High Tech | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Incentive Incubator's Investments by Geography
Incentive Incubator has made most investments in Israel (5), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
Israel | 5 |
United States | 1 |
Note: We have considered here, only first round of investments
Incentive Incubator's recent investments
Incentive Incubator has not made any investment in 2026 so far.Here are the most recent investments by Incentive Incubator:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 2023 | Israel | Seed | 2477 | [+4] | |
2015 | Israel | Seed | 8513 | - | |
Jun 19, 2013 | United States | Seed | 9310 | ||
2011 | Israel | Seed | 9059 | - | |
2006 | Israel | Seed | 6199 | - |
IPOs and Publicly Listed companies in Incentive Incubator's Portfolio
1 of Incentive Incubator's portfolio company became public - Eledon. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2014 at marketcap of $70.1BHere are Incentive Incubator's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 22, 2014 | - | - | 9720 |
Acquired companies in Incentive Incubator's Portfolio
12 companies from Incentive Incubator's portfolio have been acquired. The most recent acquisition was Quicklizard in Feb 2025 by Riverwood Capital for $*****.Here are Incentive Incubator's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 05, 2025 | - | - | 7290 | |
Aug 01, 2024 | - | - | 5642 | |
Nov 22, 2023 | - | - | 7571 | |
Jan 17, 2023 | - | - | 8427 | |
May 05, 2021 | - | - | 1392 |
_1568638641430.png?devicePixelRatio=2&height=20&width=20){kind=logo}
Team profile of Incentive Incubator
Incentive Incubator has a team of 4 members located in Israel. Incentive Incubator's team does not sit on the board of any company as of now.Co-investors of Incentive Incubator
Over the past 24 years, 14 investors have co-invested in Incentive Incubator's portfolio companies. This includes funds and angels.
- Top Co-investors of Incentive Incubator: 6 investors entered a company along with Incentive Incubator. These include investors like Peregrine Ventures (2 companies).
- Invested after Incentive Incubator: A total of 8 investors have invested in Incentive Incubator's portfolio after their investments. Top Investors include Peregrine Ventures (3 companies) and Pitango (1 company).
