About INCJ
INCJ is a private equity firm founded in 2009. It is primarily based in Minato City, Japan. As of Jul 2026, INCJ has a portfolio of 119 companies, comprising 119 funding rounds and 9 acquisitions. The firm primarily invests in companies based in Japan and United States. Its portfolio is spread across a wide range of sectors from High Tech to Enterprise Applications. Its latest investment was a $***** Series F round in Cloudian on Jan 18, 2023 which also saw participation from SVB, Eight Roads Ventures and other investors.
Overall INCJ portfolio has seen 1 unicorn, 24 IPOs and 12 acquisitions including key companies like Sansan, Landis+Gyr and Treasure Data. A lot of funds co-invest with INCJ, with names like SMBC Venture Capital sharing a substantial percentage of its portfolio.
INCJ has a team of 14 people, including 10 partners.
Key Metrics
Founded Year
2009
Location
Minato City, Japan
Portfolio Companies
Portfolio Sectors
Portfolio Locations
Acquisition Deals
Investment Deals
INCJ's Portfolio
INCJ has a portfolio of 119 companies. They have invested in a total of 119 companies. Their most recent investment was in Cloudian (Series F round) on Jan 18, 2023. Here are the most recent investments by INCJ:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Jan 18, 2023 | Series F | 1045 | ||
Jul 13, 2020 | Series C | 1849 | ||
Feb 17, 2020 | Series D | 7853 | ||
Sep 27, 2019 | Series C | 4848 |
INCJ has acquired 9 companies. Their most recent acquisition was of Hitachi Vehicle Energy on Dec 25, 2018. Here are the most recent acquisitions by INCJ:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Dec 25, 2018 | Manufacturer and supplier of hybrid electric vehicle batteries | - | 2004 | |
Nov 05, 2024 | Provider of genetic testing focused on clinical diagnostics and genomic services | - | 1999 | |
Dec 16, 2016 | Manufacturer of actuators for multiple applications | - | 1970 | |
Feb 26, 2015 | Provider of protein formulation, process & cell line development, and cGMP services | $21M | 1996 |
Here is the portfolio snapshot of INCJ:
Investments by Year
The maximum number of investments were made in 2018
Acquisitions by Year
The maximum number of acquisitions were made in 2018
Portfolio by Location
Companies are primarily in Japan and United States
Portfolio by Sector
Companies are primarily in High Tech
Team profile of INCJ
INCJ has a team of 14 members including 10 Partners and 2 Principals located in Japan. INCJ's team does not sit on the board of any company as of now.Here is a list of top team members in INCJ:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Japan | - | - | |
Partner | Japan | - | - | |
Partner | Chiyoda City | - | - | |
Partner | - | - | - | |
Partner | Japan | - | - | |
Partner | Japan | - | - | |
Partner | Tokyo | - | - | |
Principal | Japan | - |
Co-investors of INCJ
Over the past 17 years, 108 investors have co-invested in INCJ's portfolio companies.
- Top Co-investors of INCJ: 108 investors entered a company along with INCJ. These include investors like SMBC Venture Capital (8 companies).
INCJ News
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Khazanah in talks to buy INCJ’s stake in tower firm EdotcoThe Business Times•Mar 14, 2025•Khazanah Nasional Berhad, INCJ, Edotco
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Innovation Network Corporation of Japan to Sell its Renesas StakeElectronicsB2B•Nov 13, 2023•INCJ, Renesas Electronics
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Embedded Flash Memory Developer Floadia Raises 1.05 Billion Yen from Inabata and OthersPR Newswire•Oct 11, 2023•Floadia, JFC, Inabata, Cypress Capital and 3 others
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Cloudian Raises $60 Million in Funding to Accelerate HybridBusinessFortNight•Jan 18, 2023•Cloudian, Digital Alpha Advisors, Eight Roads Ventures, INCJ and 4 others
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Fashion magnate Maezawa takes stake in ‘affectionate’ robot ventureThe Business Times•Mar 15, 2022•GROOVE X, INCJ
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Kiba promoted to head UMIGlobal Corporate Venturing•Jul 07, 2020•Universal Materials Incubator, INCJ
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Japanese PE investor INCJ mulls stake sale in Axiata tower armDeal Street Asia•May 08, 2020•INCJ, Edotco, Axiata Group
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Sekisui Chemical forms JV to commercialize waste-to-ethanol technologyChemengonline•Apr 22, 2020•SEKISUI CHEMICAL, INCJ
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Baker McKenzie behind Japanese water sale in ChileLatin Lawyer•Mar 27, 2020•Baker McKenzie, INCJ, Aguas Nuevas
