About Inclusion Japan
Inclusion Japan, an accelerator and incubator program founded in 2011, is based in Shinagawa, Japan. With a presence in 3 countries, it has supported around 25 startups in sectors like High Tech, Enterprise Applications. Most notable companies in
its portfolio include Instalimb, Yoii and Tenchijin. The program is backed by a team of 7 people who primarily support Seed startups based in Japan. Its latest investment was a $8M Series A round in Dodai on Apr 29, 2026, which also saw participation from UTokyo Innovation Platform and Nagase.
Inclusion Japan's List of Top Investments
Inclusion Japan has a portfolio of 25 companies. Their most notable investments are in on call and Spiker.Their portfolio spans across Japan, Ethiopia and United States. They have invested in High Tech, Enterprise Applications, Consumer and 16 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Inclusion Japan:1. Instalimb
Manufacturer of 3D printed prosthetics and orthotics. The company utilizes advanced computer-aided design, additive manufacturing, and machine learning technology to create and deliver high-quality, affordable medical devices. By leveraging a centralized factory model and a fully traceable digital workflow, the organization provides end-to-end manufacturing solutions for patients and partner organizations.
Key facts about Instalimb
- Founded Year: 2017
- Location: Chiyoda City (Japan)
- Stage: Series C
- Total Funding till date: $10.6M
- Employee Count: 185 as on Sep 30, 2026
- Investors: Darwin Ventures, Rebright Partners and 16 Others
- Latest Funding Round: Series C, Sep 16, 2026, $*****
- Highlight: Editors' Pick

2. Yoii
Online marketplace for revenue-based financing. It is a fundraising platform that enables businesses to raise funds based on future revenue. Businesses can register on the platform by adding the required details. Once the targeted fund is obtained, the funds are transferred to the registered bank account.
Key facts about Yoii
- Founded Year: 2021
- Location: Tokyo (Japan)
- Stage: Series A
- Total Funding till date: $9.98M
- Employee Count: 23 as on Aug 31, 2026
- Investors: MUFG, Plug and Play Tech Center and 9 Others
- Latest Funding Round: Series A, Dec 08, 2023, $*****
- Highlight: Editors' Pick

3. Tenchijin
Provider of satellite-based image data and analytic solutions. It offers a platform for collecting and analyzing satellite image data for multiple applications. It offers an earth compass to analyze image data. It caters to agriculture, IoT, and defense industries.
Key facts about Tenchijin
- Founded Year: 2019
- Location: Minato City (Japan)
- Stage: Series B
- Total Funding till date: $7.1M
- Employee Count: 37 as on Aug 31, 2026
- Investors: Development Bank of Japan, Hiroshima Venture Capital and 16 Others
- Latest Funding Round: Series B, Dec 16, 2025, $*****
- Highlight: Editors' Pick
4. Gebeya
Pre-assessed tech talent sourcing platform. It provides tech training to coders in Africa and helps them get work from enterprises. Candidates who have completed their training with Gebeya can register on the platform for work, candidates not from Gebeya's training schedule appear for specific assessments and interviews to be included in their database. Their hiring platform for companies is in Beta as of November 2016.
Key facts about Gebeya
- Founded Year: 2016
- Location: Addis Ababa (Ethiopia)
- Stage: Seed
- Total Funding till date: $4M
- Employee Count: 167 as on Sep 30, 2026
- Investors: IFC, Consonance Investment Managers and 4 Others
- Latest Funding Round: Seed, Jan 12, 2023, $*****
- Highlight: Editors' Pick

5. Dodai
Dodai Manufacturing PLC is a Japanese company in Ethiopia that assembles and sells electric motorcycles in Addis Ababa. They provide cost-effective scooters specifically crafted for the needs of mobility gig workers and commuters in Africa, enabling customers to rent.
Key facts about Dodai
- Founded Year: 2021
- Location: New Castle (United States)
- Stage: Series A
- Total Funding till date: $11M
- Employee Count: 98 as on May 31, 2026
- Investors: Musashi Seimitsu Industry, British International Investment and 8 Others
- Latest Funding Round: Conventional Debt, Apr 29, 2026, $*****
Inclusion Japan's Year-on-Year Investment Trends
Inclusion Japan has invested in 25 companies over the last 4 years, with an average of 4 new investments annually in the last 3 years. In 2025, it made 5 investments, while as of Apr 2026, it has made 3 investments in this year. Its most recent first time investment was in AstroX and most recent follow-on round was in Dodai.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 3 | 3 |
2025 | 5 | 0 | 5 |
2024 | 5 | 0 | 5 |
2023 | 8 | 0 | 8 |
2022 | 1 | 0 | 1 |
Inclusion Japan's Investments by Stage
Inclusion Japan has made 12 investments in Seed stage with an average round size of $1.08M, 6 investments in Series A stage with an average round size of $9.05M and 1 investment in Series B stage with an average round size of $4.76M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 6 |
Series B | 1 |
Note: We have considered here, only first round of investments
Inclusion Japan's Investments by Sector
Inclusion Japan has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Business Services, Consumer and Environment Tech. Notably, it has invested in 13 Tech companies, 12 Enterprise (B2B) companies, 5 Consumer (B2C) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
High Tech | 4 |
Business Services | 3 |
Consumer | 3 |
Environment Tech | 2 |
Others | 18 |
Note: We have considered here, only first round of investments
Inclusion Japan's Investments by Geography
Inclusion Japan has made most investments in Japan (16), followed by Ethiopia where it has made 2 investments.Country | No. of Investments |
|---|---|
Japan | 16 |
Ethiopia | 2 |
United States | 1 |
Note: We have considered here, only first round of investments
Inclusion Japan's recent investments
Inclusion Japan has made 3 investments in 2026 so far. Dodai and Dodai are the latest among them.Here are the most recent investments by Inclusion Japan:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 29, 2026 | United States | Series A | 5070 | ||
Apr 29, 2026 | United States | Conventional Debt | 5710 | [+6] | |
Feb 04, 2026 | Japan | Series A | 2222 | ||
Dec 01, 2025 | Japan | Series A | 4927 | ||
Nov 25, 2025 | Japan | Seed | 5266 | [+1] |
Team profile of Inclusion Japan
Inclusion Japan has a team of 7 members including 4 Partners located in Japan. Inclusion Japan's team does not sit on the board of any company as of now.Here is a list of all team members in Inclusion Japan:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Tokyo | - | ||
Partner | Tokyo | - | ||
Partner | Japan | - | - | |
Partner | Osaka | - | - |
Co-investors of Inclusion Japan
Over the past 4 years, 107 investors have co-invested in Inclusion Japan's portfolio companies. This includes funds and angels.
- Invested before Inclusion Japan: UTokyo Innovation Platform, Plug and Play Tech Center and 30 others have invested in rounds before Inclusion Japan. There is 1 company where UTokyo Innovation Platform has invested before Inclusion Japan and 1 company where Plug and Play Tech Center has invested before Inclusion Japan.
- Top Co-investors of Inclusion Japan: 45 investors entered a company along with Inclusion Japan. These include investors like Mitsubishi UFJ Capital (3 companies).
- Invested after Inclusion Japan: A total of 30 investors have invested in Inclusion Japan's portfolio after their investments. Top Investors include Mizuho Capital (2 companies) and UTokyo Innovation Platform (2 companies).
Recent News related to Inclusion Japan
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Dodai Raises $13 Million to Scale Electric Motorbikes and Battery Swapping in EthiopiaTechMoran•Apr 29, 2026•Dodai, British International Investment, Spiral Capital, UTokyo Innovation Platform and 2 others
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AstroX raises Series A2 for unique satellite launch rocket development, total funding reaches ¥2.32BTHE BRIDGE•Feb 05, 2026•AstroX, One Capital Management, Inclusion Japan, One Capitall Limited
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Cuoncrop Raises 120 Million Yen in Pre-Series A Round for Sustainability SolutionStartup Log•Oct 01, 2025•Norinchukin Capital, Inclusion Japan, Capital One, cuoncrop
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Tenchijin, provider of water DX solution, raises 700 million yen in Series B roundStartup Log•Sep 02, 2025•Frontier Innovations, Japan Aerospace Exploration Agency, Inclusion Japan, Tenchijin
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AstroX Co., Ltd., which develops air-launched satellite orbit insertion rockets, has raised a total of 400 million yen in pre-series A round.Startup Log•Sep 05, 2024•AstroX, Nissay Capital, Inclusion Japan, Anobaka and 9 others
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MaaS Tech Japan raises funds from investment funds and business companies, including three new companiesPR TIMES•Sep 02, 2024•MaaS Tech Japan Co, Nishi-Nippon Railroad, Mitsubishi UFJ Capital, Inclusion Japan and 1 other
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thestory raises 120 million yen in fundingBiglobe•Jun 01, 2024•GxPartners, Thestory, Inclusion Japan
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Ethiopia-based EV startup Dodai raises $4 M in Series A fundingTechMoran•Mar 22, 2024•Dodai, Nissay Capital, Musashi Seimitsu Industry, Inclusion Japan
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