About Incite
Incite is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Feb 2026, Incite is an active investor, having invested in 128 companies, with 4 new investments in the last 12 months. 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 Food and Agriculture Tech. Most recently it participated in the $***** Series B round of Archimetis Overall, Incite portfolio has seen 1 unicorn and 12 acquisitions including key companies like Petal, B Corporation and Pearl Street Technologies. A lot of funds co-invest with Incite, with names like Collab Fund sharing a substantial percentage of its portfolio. Incite has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Incite's List of Top Investments
Incite has a portfolio of 128 companies, one of which is a Unicorn. Their most notable investments are in HomeBoost and Learnfully.Their portfolio spans across United States, Canada, United Kingdom and 3 more locations. They have invested in Environment Tech, High Tech, Food and Agriculture Tech and 29 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Incite:1. Gusto
Cloud-based payroll, benefits, and HR software for small and medium-sized businesses. Its core offering is software delivered online, with API integrations and automation features designed to help SMBs manage back-office operations more efficiently.
Key facts about Gusto
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $718M
- Employee Count: 4,474 as on Jun 30, 2026
- Investors: Western Technology Investment, Glynn Capital and 85 Others
- Latest Funding Round: Series E, May 13, 2022, $*****
- Highlight: Editors' Pick
2. SPAN
Smart energy management technology platform that modernizes residential electrical systems. Its solutions replace traditional electrical panels with smart systems that provide homeowners with real-time visibility into household energy usage, circuit-level monitoring, and remote control of appliances and connected devices. It is designed to support modern electrified homes by integrating technologies such as home batteries, electric vehicle chargers, solar systems, HVAC systems, and heat pumps into a centralized energy management ecosystem.
Key facts about SPAN
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $419M
- Employee Count: 396 as on Jun 30, 2026
- Investors: Amazon, Fifth Wall and 33 Others
- Latest Funding Round: Series C, Jan 15, 2026, $*****
- Highlight: Editors' Pick
3. Mill
Provider of the smart bin. It offers technology that dries, shrinks, and de-stinks waste into fertilizer.
Key facts about Mill
- Founded Year: 2020
- Location: San Bruno (United States)
- Stage: Series C
- Total Funding till date: $70M
- Employee Count: 548 as on Jun 30, 2026
- Investors: Google Ventures, Prelude Ventures and 11 Others
- Latest Funding Round: Series C, Dec 16, 2025, $*****
- Highlight: Editors' Pick
4. Found
Accounting and bookkeeping management solutions for small businesses. It offers solutions for tax management, invoice management, expense tracking, real-time profit & loss statements, and more. It also offers business banking solutions.
Key facts about Found
- Founded Year: 2019
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $119M
- Employee Count: 101 as on Jun 30, 2026
- Investors: Glynn Capital, Founders Growth Equity Fund and 5 Others
- Latest Funding Round: Series B, May 22, 2024, $*****
- Highlight: Editors' Pick
5. Ebb Carbon
Provider of electrochemical technology for freshwater recovery, carbon removal, and chemicals. It offers systems that integrate with industrial water operations, using brine as feedstock. The technology converts brine into filtered brine, acid, and base streams. These streams drive increased water recovery, sustainable industrial chemical production, and carbon removal.
Key facts about Ebb Carbon
- Founded Year: 2021
- Location: San Carlos (United States)
- Stage: Series A
- Total Funding till date: $33.8M
- Employee Count: 22 as on Jun 30, 2026
- Investors: Prelude Ventures, Evok Innovations and 5 Others
- Latest Funding Round: Grant (prize money), Jan 16, 2025, $*****
- Highlight: Editors' Pick
Incite's Year-on-Year Investment Trends
Incite has invested in 128 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 4 investments, while as of Feb 2026, it has made 1 investment in this year. Its most recent first time investment was in Archimetis.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 4 | 0 | 4 |
2024 | 5 | 0 | 5 |
2023 | 2 | 0 | 2 |
2022 | 7 | 0 | 7 |
2021 | 2 | 0 | 2 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Incite's Investments by Stage
Incite has made 12 investments in Seed stage with an average round size of $3.72M, 10 investments in Series A stage with an average round size of $14.9M and 3 investments in Series B stage with an average round size of $13.7M.Stage of entry | No. of Investments |
|---|---|
Seed | 12 |
Series A | 10 |
Series B | 3 |
Note: We have considered here, only first round of investments
Incite's Investments by Sector
Incite has a diverse portfolio, with companies operating in the Sustainability Tech, Environment Tech, High Tech, Energy Tech and Food and Agriculture Tech. Notably, it has invested in 82 Tech companies, 53 Enterprise (B2B) companies, 43 Consumer (B2C) companies and at least 31 companies focusing on Software.Sector | No. of Investments |
|---|---|
Sustainability Tech | 13 |
Environment Tech | 12 |
High Tech | 7 |
Energy Tech | 6 |
Food and Agriculture Tech | 6 |
Others | 37 |
Note: We have considered here, only first round of investments
Incite's Investments by Geography
Incite has made most investments in United States (22), followed by Canada where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 22 |
Canada | 2 |
Switzerland | 1 |
Note: We have considered here, only first round of investments
Incite's recent investments
Incite has made 1 investments in 2026 so far - Archimetis.Here are the most recent investments by Incite:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 19, 2026 | Switzerland | Series B | 2541 | [+7] | |
Dec 08, 2025 | United States | Series B | 9164 | ||
Dec 03, 2025 | United States | Seed | 7829 | ||
Oct 29, 2025 | United States | Series A | 5396 | [+7] | |
May 02, 2025 | United States | Series A | 6955 | [+2] |
Unicorns in Incite's Portfolio
Incite has 1 unicorn in its portfolio - Kindbody. The most recent unicorn in their portfolio is Kindbody which became a unicorn in 2022, 4 years before Incite first invested in it.Here is a list of unicorns in Incite's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Provider of fertility services for women | 2018 | New York City | Series D | croooot |
Acquired companies in Incite's Portfolio
12 companies from Incite's portfolio have been acquired. The most recent acquisition was Monarch Tractor in Apr 2026 by Caterpillar for $*****.Here are Incite's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 19, 2026 | - | - | 7467 | |
Dec 01, 2025 | - | - | 1512 | |
Mar 13, 2025 | - | - | 5430 | |
Apr 09, 2024 | - | - | 5595 | |
Aug 15, 2023 | - | - | 9450 |
Team profile of Incite
Incite has a team of 3 members including 2 Partners located in United States. Incite's team does not sit on the board of any company as of now.Co-investors of Incite
Over the past 9 years, 249 investors have co-invested in Incite's portfolio companies. This includes funds and angels.
- Invested before Incite: OSTI, Baruch Future Ventures and 73 others have invested in rounds before Incite. There are 2 companies where OSTI has invested before Incite and 2 companies where Baruch Future Ventures has invested before Incite.
- Top Co-investors of Incite: 120 investors entered a company along with Incite. These include investors like Collab Fund (3 companies).
- Invested after Incite: A total of 54 investors have invested in Incite's portfolio after their investments. Top Investors include OSTI (3 companies), Prime Coalition (2 companies) and Climate Capital (2 companies).
Recent News related to Incite
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Archimetis Raises $11.5M to Transform Industrial Operations with AI-Powered Operational Reasoning SystemAccess Newswire•Feb 12, 2026•MCJ, Borusan Ventures, Inspired Capital, Incite and 2 others
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Replenysh Raises $8M in Series A FundingFinSMEs•May 02, 2025•Replenysh, M13 Company, Incite, Kindred Ventures and 1 other
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HomeBoost Raises $4M in Seed FundingFinSMEs•Oct 29, 2024•HomeBoost, True Ventures, Gigascale Capital, Incite
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Carbon Ridge Secures Funding To Advance Development Of Its Occs TechnologyOffshore Energy•Oct 25, 2024•Carbon Ridge, Crosscut Ventures, Rusheen Capital Management, Western Technology Investment and 6 others
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Allergen detection company raises $6 millionFood Business News•Aug 21, 2024•Allergy Amulet, HealthX Ventures, Incite, AllerFund and 2 others
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Amulet: $5.8 Million (Series A) Closed To Develop Sensors For Finding Allergens And Environmental Contaminants In FoodPulse 2.0•Aug 18, 2024•Amulet, HealthX Ventures, Incite, AllerFund and 2 others
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Amulet Raises $6 Million Series A to Improve Health Outcomes for Millions With Pocket-Sized Food Allergen SensorPR Newswire•Aug 12, 2024•Amulet, HealthX Ventures, Incite, The Mendota Group and 4 others
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Quilt rides heat pump heat wave with hefty $33M Series AYahoo•Apr 16, 2024•Quilt, Energy Impact Partners, Galvanize Climate Solutions, Garage Capital and 6 others
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Windfall Bio Raises $28 Million Series A To Scale Methane Capture & Transformation SolutionBusiness Wire•Apr 08, 2024•Windfall Bio, Mayfield, Breakthrough Energy, B37 Ventures and 8 others
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Aigen Secures $12M in Series A Funding to Revolutionize Agriculture with Solar-Powered RobotsSilicon Valley Journals•Nov 11, 2023•Aigen, ReGen Ventures, Cleveland Avenue, Incite and 5 others
