INCE Capital is a venture capital firm with an investment focus on early to expansion stage companies that spearhead innovation in the Internet consumer and intelligent technologies sectors.
The letters "INCE" embody the firm's commitment to Intelligent Innovative Investment, and superior returns through exceptional strategy and decision making, or "CE" in Chinese. INCE's mission is to empower the future greats.
INCE closed its first fund in October 2019, raising a total of $351,888,000. The investor base consists of the world's leading university endowments, foundations, family offices, and funds of funds.
INCE currently has offices in Shanghai, Beijing and Hong Kong.
The letters "INCE" embody the firm's commitment to Intelligent Innovative Investment, and superior returns through exceptional strategy and decision making, or "CE" in Chinese. INCE's mission is to empower the future greats.
INCE closed its first fund in October 2019, raising a total of $351,888,000. The investor base consists of the world's leading university endowments, foundations, family offices, and funds of funds.
INCE currently has offices in Shanghai, Beijing and Hong Kong.
Location: China, Shanghai
Employees: 11-50
Founded date: 2019
Investment Type: Venture Capital
Investment Stage: Series A; Series C
Portfolio 33
| Date | Name | Website | Total Raised | Location |
| 19.09.2025 | Dyna | dyna.co | $143.5M | - |
| 22.08.2025 | UXLINK | uxlink.io | - | - |
| 22.08.2025 | Bubblemaps | bubblemaps.io | $3.2M | Metropolit... |
| 22.08.2025 | MyShell | myshell.ai | $11M | - |
| 22.08.2025 | Cyber | cyber.co | - | - |
| 12.08.2025 | Delonix Gr... | delonix.group | - | - |
| 12.08.2025 | Pebble | pebblelife.com | - | United Sta... |
| 12.08.2025 | Lovart | lovart.ai | - | - |
| 12.08.2025 | Lynksoul | hakko.ai | - | - |
| 05.07.2025 | Bambusa Th... | bambusatx.com | - | - |
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Persons 5
| Date | First Name | Last Name | Title | Location | |||
| - | JP | Gan | Founding P... | - | - | - | |
| - | Maomeng | Tong | Principal | - | - | - | |
| - | Zhen | Xia | Principal | - | - | - | |
| - | Stella | Zhou | Founding P... | - | - | - | |
| - | Jireh | Li | Partner | - | - | - |
News 37
| Date | Title | Description |
| 30.01.2026 | Bambusa Therapeutics Presented at the 44th Annual J.P. Morgan Healthcare Conference | Bambusa Therapeutics, a portfolio company of INCE Capital, was invited to present at the 44th Annual J.P. Morgan Healthcare Conference on January 13. Bambusa Therapeutics is a clinical-stage biotechnology company advancing next-generation b... |
| 27.11.2025 | INCE Capital’s Portfolio Company Bambusa Therapeutics Announces Completion of Series A-2 Financing to Accelerate Next-Generation Bispecific Programs | Bambusa Therapeutics, Inc. ("Bambusa"), a clinical-stage biotechnology company pioneering next-generation bispecific antibodies for immunology and inflammation (I&I), announced the completion of its oversubscribed Series A-2 f... |
| 27.11.2025 | INCE Capital Portfolio Company WEFLY Signs 105 eVTOL Purchase Agreements With Three Enterprises | On the opening day of the 2025 AERO ASIA exhibition, the electric aviation industry achieved a new breakthrough. On November 27, WEFLY, a portfolio company of INCE Capital, along with Guangdong Kelong General Aviation Co., Ltd. (Zhuhai) and... |
| 31.10.2025 | INCE Capital’s Portfolio Company LiblibAI Annouces $130 Million Series B Financing | LiblibAI, an AI application company invested in by INCE Capital, announced the closing of a $130 million Series B financing recently. INCE Capital continued to invest in this round. In 2025, as AI applications accelerate their explosive gro... |
| 02.10.2025 | Dyna Robotics Raises $120 Million to Advance Robotic Foundation Models on the Path to Physical Artificial General Intelligence | On September 15, 2025, Dyna Robotics announced it has closed a $120 million Series A funding round. INCE Capital invested in this round. The new capital will be used to expand its world-class research and engineering team and accelerate the... |
| 02.10.2025 | INCE Capital Portfolio Company Avenzo Therapeutics Announces $60 Million Series B Financing | INCE Capital portfolio company, Avenzo Therapeutics, Inc. (“Avenzo”), a clinical-stage biotechnology company developing next-generation oncology therapies, announced the closing of a $60 million Series B financing on September 22, 2025. Th... |
| 02.10.2025 | INCE Capital Portfolio Company Ronovo Surgical Closes Series D Financing | INCE Capital portfolio company Ronovo Surgical, a global innovator in next-generation surgical robotics, announced the successful closing of its Series D financing on September 5, led by Johnson & Johnson’s corporate venture capital org... |
| 02.10.2025 | INCE Capital Portfolio Company Wefly Successfully Test Flies Its New eVTOL Aircraft | INCE Capital portfolio company Wefly's independently developed 2-tonne full-size 5-seat manned eVTOL model W280 successfully completed its maiden flight on 14 July. This marks the global debut of the first eVTOL specifically designed for me... |
| 25.06.2025 | Orient Motion completes 200 million yuan Pre-A+ round financing, invested by INCE Capital | Recently, Orient Motion announced that it had successfully completed a single round of Pre-A+ financing worth 200 million yuan, with INCE Capital participating in the investment. As a new player in the field of pure electromechanical drive-... |
| 17.03.2025 | INCE Capital Portfolio Company LiblibAI Closed Tens of Millions in New Financing | LiblibAI, an AI image generation platform, announced today that it has closed another tens of millions in funding. As the lead investor in the previous round, INCE Capital continued to support the company in this round. The company has comp... |
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Mentions in press and media 9
| Date | Title | Description |
| 25.06.2025 | Orient Motion completes 200 million yuan Pre-A+ round financing, invested by INCE Capital | Recently, Orient Motion announced that it had successfully completed a single round of Pre-A+ financing worth 200 million yuan, with INCE Capital participating in the investment. As a new player in the field of pure electromechanical drive-... |
| 01.12.2020 | Farm produce platform Nice Tuan makes it $450m funding for the year with Alibaba-led tranche | Nice Tuan, a Chinese group-buying platform for farm produce and other groceries, has raised $196 million in a “Series C3” round co-led by Alibaba and Hong Kong’s Jeneration Capital. Other investors to participate included CDH Investments, C... |
| 29.07.2020 | Nice Tuan nets another $80m amid China’s fresh food group-buying hype | Nice Tuan, a Chinese e-grocer that allows customers to group-buy fresh produce and other goods, has received $80 million in a ‘Series C2’ financing led by alternative asset manager CDH Investments. California-based GGV Capital, China Minshe... |
| - | Black Unique Group raises more than US$10 million in A-round financing via exclusive investment by INCE Capital | Black Unique Group recently announces its more than US$10 million in Series A round of financing with INCE Capital as the exclusive investor, and TH Capital the exclusive financial advisor. This is INCE’s first investment in 2020, one that ... |
| - | The BetterWood Group Raises Over USD$10 Million in Series A Round of Financing Led by INCE Capital | The BetterWood Group, a platform for space consumption, recently announced that it has received tens of millions of US dollars in Series A financing, led by INCE Capital, and followed by Zhen Fund and its exsiting shareholders. |
| - | Yuanxin Technology has Completed its F Round of Financing Totaling over 1.5b Yuan, with Continued Investment from INCE Capital | On August 3, Yuanxin Technology Ltd announced the completion of over 1.5 billion yuan financing in its Series F round, with follow-on investment from INCE Capital, which also invested in the D round. |
| - | PetKit Raises More Than USD$10 Million of Financing via Investment by INCE Capital | PetKit recently announced its more than USD$10 million in C+ round of financing with INCE Capital’s continuous oversubscribed co-investment. |
| - | Ponhu Luxury Closed Series C Funding at Approximately $50 Million, with Continued Investment from INCE Capital | Ponhu Luxury, a leading domestic luxury platform with investment from INCE Capital, announced on June 17 that it had closed its Series C round of funding at approximately $50 million, and INCE Capital which led the Series B round continued ... |
| - | INCE Capital Participates in PONHU’s $45 Million Series C+ Funding | PONHU, a sustainable fashion circulation platform, announced on January 29 the additional $45 million Series C+ round of financing from INCE Capital and other investors. Previously, INCE Capital led the Series B and continued to invest in t... |