Organization · Venture Capital

INCE Capital

INCE Capital is a global venture capital firm based in Shanghai, China, focusing on early to expansion-stage investments in sectors such as AI, technology, consumer, and biotech. The firm manages over $1 billion in assets.

Venture CapitalFunder

Overview

What INCE Capital does

What INCE Capital is

INCE Capital is a global venture capital firm based in Shanghai, China, focusing on early to expansion-stage investments in sectors such as AI, technology, consumer, and biotech. The firm manages over $1 billion in assets.

How it participates in the startup ecosystem

The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.

Operational profile

Organization status and context

Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.

Operational status
Active
Organization type
Venture Capital
Founded
Founded in 2019
Approximate age
About 7 years
Structured capabilities
Funder
Last reviewed
March 18, 2026

Official channels

Find INCE Capital elsewhere

Open the official website or a supported primary organization account.

Capability profile

INCE Capital as a funder

Investment thesis

INCE Capital invests in early to expansion-stage companies that drive innovation in AI, technology, consumer, and biotech industries.

Focus narrative

INCE Capital emphasizes a thorough understanding of technological evolution and its impact on consumer behavior and lifestyles. The firm invests in companies that introduce innovative solutions in the Internet consumer and intelligent technologies sectors.

Value beyond capital

INCE Capital adds value to its portfolio companies through strategic guidance, leveraging its deep understanding of technology trends and consumer behavior, and providing access to a broad network of industry contacts.

Focus and fit

Stages
Pre-seed · Seed · Seed+ · Series A · Series A+ · Series B · Series B+ · Series C · Series C+ · Series D · Series E · Series F · Growth Equity
Regions
Asia · Global

Availability

Currently deploying
Yes

Portfolio and track record

Recorded portfolio count
13

Portfolio context

Notable portfolio companies include Dyna Robotics, which develops high-performance robots powered by AI; Lovart, an AI company creating a multimodal creative AI agent; Pebble, offering a fully-electric travel trailer; iMile, specializing in e-commerce logistics; KK Group, a specialty retail group in China; Petkit, providing advanced technology for pet owners; EEO, a SaaS education platform; PhiGent Robotics, focusing on autonomous driving; WEFLY, developing eVTOL aircraft; and Allorion Therapeutics, a biotech company in precision medicine.

Common questions

What to know about INCE Capital

Upseed classifies INCE Capital under the Venture Capital organization type. Its current public profile includes funder capabilities.

Next step

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Source and update disclosure

Know what this page is based on

Source basis

Public organization and program material, official websites, and structured Upseed records.

Last reviewed

March 18, 2026

Known limits

Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.

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