About DG Incubation
DG Incubation is a venture capital firm founded in 2010. It is primarily based out of Shibuya, Japan. As of Jun 2026, DG Incubation is an active investor, having invested in 22 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Japan based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Forestdigital Overall, DG Incubation portfolio has seen 2 acquisitions, namely Credit Engine. A lot of funds co-invest with DG Incubation, with names like DNX Ventures sharing a substantial percentage of its portfolio. DG Incubation has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
DG Incubation's List of Top Investments
DG Incubation has a portfolio of 22 companies. Their most notable investments are in bestat and Cansell.Their portfolio spans across Japan, India and United States. They have invested in Enterprise Applications, High Tech, Consumer and 13 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by DG Incubation:
1. Healthians
Online platform for at-home diagnostic tests and health checkups. It offers full body checkups and blood tests with home sample collection and report counseling. The platform leverages technologies to deliver at-home diagnostic tests, scan tests, and doctor consultations for customized diet-cum-nutrition plans. It is an online platform providing at-home diagnostic health test services, leveraging a technology-driven healthcare matrix to deliver quick and accurate medical checkups. It facilitates free home sample collection and smart reports from NABL-accredited labs, offering real-time updates to users.
Key facts about Healthians
- Founded Year: 2013
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $80.1M
- Employee Count: 1,730 as on Oct 31, 2025
- Investors: Evolvence Equity Partners, WestBridge Capital and 62 Others
- Latest Funding Round: Grant (prize money), 2022, $*****
- Highlight: Editors' Pick
2. Peatix
Peatix is an event ticket registration platform that provides event organizers tools to create, promote, manage and sell tickets for events such as concerts, conferences etc. Allows event organizers to create groups and inform the members of the group about events through email and in-app notifications. Provides organizers with a dashboard including information such as attendance status, payment status, and ticket types.
Key facts about Peatix
- Founded Year: 2011
- Location: Astoria (United States)
- Stage: Series B
- Total Funding till date: $9.62M
- Employee Count: 76 as on May 31, 2026
- Investors: Zenshin Capital, Eight Roads Ventures and 11 Others
- Latest Funding Round: Series B, Mar 16, 2015, $*****
- Highlight: Editors' Pick
3. xID
Online platform for digital ID management. Its products are XID app which helps to create a smart card, XID API for online identity verification and electronic contracts with API, E-Sign offers electronic contract solutions.
Key facts about xID
- Founded Year: 2012
- Location: Chiyoda City (Japan)
- Stage: Series A
- Total Funding till date: $4M
- Employee Count: 16 as on May 31, 2026
- Investors: Sumitomo Mitsui Banking Corporation, DG Incubation and 6 Others
- Latest Funding Round: Series A, May 14, 2026, $*****
Online retailer of industrial goods business supplies and maintenance equipment. This platform facilitates the procurement of various tools, safety gear, office supplies, and material handling products. It provides access to a catalog of items for business operations, including electrical components, cleaning supplies, and testing instruments. The business model focuses on the distribution of equipment and consumables to support commercial and industrial requirements.
Key facts about IndustryBuying
- Founded Year: 2013
- Location: Delhi (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $26.4M
- Employee Count: 262 as on Jul 31, 2025
- Investors: BlackSoil, Trifecta Capital and 17 Others
- Latest Funding Round: Series C, Feb 23, 2022, $*****
- Highlight: Editors' Pick
5. Archeda
Provider of digital satellite solutions. It uses AI analysis technology solutions for forest management. They focus on efficient natural resource management and nature based solutions. Their AI technology utilizes satellite data to analyze forest CO2 absorption,tree species,tree height and forest resource information.
Key facts about Archeda
- Founded Year: 2022
- Location: Chiyoda City (Japan)
- Stage: Seed
- Investors: DG Incubation, ONE Innovators and 2 Others
- Latest Funding Round: Seed, Jun 10, 2025, $*****
DG Incubation's Year-on-Year Investment Trends
DG Incubation has invested in 22 companies over the last 16 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 5 investments, while as of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Forestdigital and most recent follow-on round was in Archeda.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 4 | 1 | 5 |
2024 | 5 | 0 | 5 |
2023 | 2 | 0 | 2 |
2022 | 2 | 0 | 2 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 1 | 1 | 2 |
2017 | 1 | 0 | 1 |
DG Incubation's Investments by Stage
DG Incubation has made 9 investments in Seed stage with an average round size of $684K, 6 investments in Series A stage with an average round size of $2.4M, 5 investments in Series B stage with an average round size of $8.54M and 1 investment in Series C stage.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 6 |
Series B | 5 |
Series C | 1 |
Note: We have considered here, only first round of investments
DG Incubation's Investments by Sector
DG Incubation has a diverse portfolio, with companies operating in the Business Services, Enterprise Applications, Consumer, High Tech and HealthTech. Notably, it has invested in 13 Tech companies, 11 Enterprise (B2B) companies, 6 Software companies and at least 4 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Business Services | 6 |
Enterprise Applications | 5 |
Consumer | 3 |
High Tech | 3 |
HealthTech | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
DG Incubation's Investments by Geography
DG Incubation has made most investments in Japan (17), followed by India where it has made 2 investments.Country | No. of Investments |
|---|---|
Japan | 17 |
India | 2 |
United States | 2 |
Note: We have considered here, only first round of investments
DG Incubation's recent investments
DG Incubation has made 1 investments in 2026 so far - Forestdigital.Here are the most recent investments by DG Incubation:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 24, 2026 | Japan | Series A | 8062 | [+1] | |
Oct 20, 2025 | Japan | Series A | 4748 | - | |
Oct 15, 2025 | Japan | Series A | 7948 | ||
Jun 10, 2025 | Japan | Seed | 7684 | [+2] | |
Apr 16, 2025 | Japan | Series B | 3140 | [+6] |
Acquired companies in DG Incubation's Portfolio
2 companies from DG Incubation's portfolio have been acquired. The most recent acquisition was Credit Engine in Oct 2024 by PayPay for $*****.Here are DG Incubation's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 31, 2024 | Jan 18, 2024 | Series B | 2454 | |
Mar 20, 2015 | Jun 24, 2010 | Series A | 9468 |
Team profile of DG Incubation
DG Incubation has a team of 2 members located in Japan. DG Incubation's team does not sit on the board of any company as of now.Co-investors of DG Incubation
Over the past 16 years, 180 investors have co-invested in DG Incubation's portfolio companies. This includes funds and angels.
- Invested before DG Incubation: Beenext, DG Ventures and 63 others have invested in rounds before DG Incubation. There are 2 companies where Beenext has invested before DG Incubation and 2 companies where DG Ventures has invested before DG Incubation.
- Top Co-investors of DG Incubation: 81 investors entered a company along with DG Incubation. These include investors like DNX Ventures (2 companies).
- Invested after DG Incubation: A total of 34 investors have invested in DG Incubation's portfolio after their investments. Top Investors include ACT Grants (1 company), WestBridge Capital (1 company) and Konark Trust (1 company).
Recent News related to DG Incubation
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Japanese govtech startup raises 600 million yen (US$4M) in fundingBiometricUpdate.com•Dec 13, 2024•xID, DG Incubation, Resona Group
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