About Incite Ventures
Incite Ventures is a venture capital firm founded in 2011. It is primarily based out of Boise, United States. As of Apr 2024, Incite Ventures has invested in 5 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Environment Tech to High Tech and Retail. Most recently it participated in the $***** Series A round of Quilt Overall, Incite Ventures portfolio has seen 1 acquisition, namely Petal. A lot of funds co-invest with Incite Ventures, with names like Brooklyn Bridge Ventures sharing a substantial percentage of its portfolio. Incite Ventures has team of 1 people.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Incite Ventures' List of All Investments
Incite Ventures has a portfolio of 5 companies. Their most notable investmentis in PetalTheir portfolio spans across United States and Canada. They have invested in Environment Tech, High Tech, Retail and 6 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by Incite Ventures:1. Petal
Provider of credit cards designed to help users build credit. The company offers various cards with different features, such as cash back rewards and credit limit increase programs. Eligible applicants can link their bank accounts to potentially improve their chances of approval. The cards are equipped with contactless payment technology.
Key facts about Petal
- Founded Year: 2016
- Location: West Sacramento (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $298M
- Employee Count: 51 as on May 31, 2026
- Investors: GR Capital, Trinity Capital and 65 Others
- Latest Funding Round: Series D, Aug 03, 2023, $*****
- Highlight: Acquired
2. Quilt
AI-based heat control systems for homes. It designs and develops smart heat pumps for consumer applications. Its ductless heat pump systems help in heating, ventilation, and air conditioning buildings.
Key facts about Quilt
- Founded Year: 2022
- Location: Redwood City (United States)
- Stage: Series B
- Total Funding till date: $62M
- Employee Count: 62 as on Mar 31, 2026
- Investors: Energy Impact Partners, Alumni Ventures and 12 Others
- Latest Funding Round: Series B, Dec 08, 2025, $*****
- Highlight: Editors' Pick
3. Mejuri
Mejuri is a private label brand of jewelry. The product catalog includes rings, necklaces, earrings, bracelets, anklets, and more. The products are made using gemstones like amethyst & pearls, shells, and diamonds. Also offers digital/in-person styling advice, for which the appointments can be booked online.
Key facts about Mejuri
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Series B
- Total Funding till date: $29M
- Employee Count: 691 as on May 31, 2026
- Investors: New Enterprise Associates, Real Ventures and 11 Others
- Latest Funding Round: Series B, Feb 10, 2022, $*****
- Highlight: Editors' Pick
4. Visolis
Developer of bio-based manufacturing platforms. It offers synthetic biology and chemical catalysis services. They are involved in developing bio-based manufacturing platforms. They have developed their own bio-based process which produces carbon negative chemicals.
Key facts about Visolis
- Founded Year: 2012
- Location: Berkeley (United States)
- Stage: Seed
- Total Funding till date: $8M
- Employee Count: 16 as on May 31, 2026
- Investors: Global Brain, Incite and 12 Others
- Latest Funding Round: Seed, Jan 11, 2023, $*****
- Highlight: Editors' Pick
5. Spatial
Provider of a cloud based virtual soundscapes platform for various industries. It offers software to create,interact,transport and manage sound for indoor places. It enables users for installing sound devices,controlling audio levels,positioning sound objects,creating animation keys and building speaker spaces.
Key facts about Spatial
- Founded Year: 2017
- Location: Emeryville (United States)
- Stage: Series B
- Employee Count: 25 as on May 31, 2026
- Investors: The Kraft Group, Incite and 12 Others
- Latest Funding Round: Series B, Feb 08, 2022, $*****
Incite Ventures' Year-on-Year Investment Trends
Incite Ventures has invested in 5 companies over the last 9 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Quilt and most recent follow-on round was in Quilt.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 1 | 1 |
2023 | 2 | 0 | 2 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 0 | 0 | 0 |
2019 | 0 | 1 | 1 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Incite Ventures' Investments by Stage
Incite Ventures has made 3 investments in Seed stage with an average round size of $6.3M and 2 investments in Series A stage with an average round size of $5M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 2 |
Note: We have considered here, only first round of investments
Incite Ventures' Investments by Sector
Incite Ventures has a diverse portfolio, with companies operating in the High Tech, Environment Tech, Sustainability Tech, Chemicals and Materials Tech and Consumer. Notably, it has invested in 5 Tech companies, 3 Consumer (B2C) companies, 2 Enterprise (B2B) companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 3 |
Environment Tech | 2 |
Sustainability Tech | 2 |
Chemicals and Materials Tech | 1 |
Consumer | 1 |
Others | 6 |
Note: We have considered here, only first round of investments
Incite Ventures' Investments by Geography
Incite Ventures has made most investments in United States (4), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
Canada | 1 |
Note: We have considered here, only first round of investments
Incite Ventures' recent investments
Incite Ventures has not made any investment in 2026 so far.Here are the most recent investments by Incite Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 16, 2024 | United States | Series A | 3275 | [+6] | |
May 16, 2023 | United States | Seed | 7957 | [+5] | |
Jan 11, 2023 | United States | Seed | 1449 | [+6] | |
Mar 23, 2021 | United States | Series A | 3426 | [+5] | |
Apr 26, 2019 | Canada | Series B | 2754 |
Acquired companies in Incite Ventures' Portfolio
1 company from Incite Ventures' portfolio has been acquired. The most recent acquisition was Petal in Apr 2024 by Empower for $*****.Here are Incite Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 09, 2024 | Sep 10, 2017 | Seed | 1956 |
Team profile of Incite Ventures
Incite Ventures has a team of 1 member located in Canada. Incite Ventures' team does not sit on the board of any company as of now.Co-investors of Incite Ventures
Over the past 9 years, 91 investors have co-invested in Incite Ventures's portfolio companies. This includes funds and angels.
- Invested before Incite Ventures: Bossa Invest, Financial Solutions Lab and 5 others have invested in rounds before Incite Ventures. There is 1 company where Bossa Invest has invested before Incite Ventures and 1 company where Financial Solutions Lab has invested before Incite Ventures.
- Top Co-investors of Incite Ventures: 39 investors entered a company along with Incite Ventures. These include investors like Brooklyn Bridge Ventures (1 company).
- Invested after Incite Ventures: A total of 45 investors have invested in Incite Ventures's portfolio after their investments. Top Investors include Valar Ventures (1 company), Riverpark Funds (1 company) and TSEF (1 company).
Recent News related to Incite Ventures
•
Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump SystemTullahoma News•May 16, 2023•Quilt, Lowercarbon Capital, Gradient Ventures, Incite Ventures and 6 others
•
Quilt raises $9M seed round to become the Nest of heat pumpsTechCrunch+•May 16, 2023•Quilt, Lowercarbon Capital, Gradient Ventures, Incite Ventures and 5 others
•
Violet Raises $4.1M in Seed FundingFinSMEs•Aug 16, 2022•Violet, Sempervirens Fund, Northwell, The Venture Collective and 3 others
•
Dispatch Goods Completes $3.7 Million Seed Fundingsvdaily.com•Dec 07, 2021•Dispatch Goods, Congruent Ventures, Bread and Butter Ventures, Precursor Ventures and 6 others
•
Mejuri Closes Series A Financing to Continue Building the Fine Jewelry Brand of TomorrowPR Newswire•Sep 04, 2018•Mejuri, 500 Startups Canada, Felix Capital, Real Ventures and 3 others
•
Credit card startup Petal snags $3.6 mln seed - PE HubPE Hub•Sep 08, 2017•Petal, Brooklyn Bridge Ventures, Afore Capital, Rosecliff Ventures and 8 others
