What we think, and what changed our minds
我们的判断，以及什么改变了我们的判断
We publish the arguments, evidence and observations shaping our investment decisions — including where experience has caused us to revise them.
我们发表的是那些正在塑造我们投资决策的论点、证据与观察——也包括那些经验后来让我们修正了原先判断的地方。
2025: A Year of Clarification
2025：澄清之年
The year’s real work was deciding what not to own. Instead of joining the model-layer arms race or the application-layer hype, we kept backing companies where AI operates as invisible leverage — on the view that durable value forms where a technology meets a hard constraint.
这一年真正花力气的，是想清楚什么不该买。我们没有去挤模型层的军备竞赛，也没有追应用层的热闹，而是继续投那些让 AI 成为隐形杠杆的公司——因为真正立得住的价值，长在技术与硬约束相遇的地方。
December 2025 · Steven Xu
2025: A Year of Clarification
If there is one word I would use to describe 2025, it would be #clarification.
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- December 2025
GrubMarket: Reinventing the Food Supply Chain with AI and Scale
At INP Capital, we back visionaries reshaping global industries—and few exemplify this better than our portfolio company, GrubMarket.
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- May 2025
Scaling Impact: NILO’s Strategic Expansion into China with INP Capital
At INP Capital, we believe that breakthrough innovation knows no borders. That belief came to life once again as we recently supported our portfolio…
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- April 2025
Bridging Innovation: INP Capital and China Canada Angel Alliance (CCAA) Empower Chinese Entrepreneurs Globally
Connecting visionary founders from China to Canada, Australia, and beyond through strategic investment, global expansion support, and the Start-up…
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- March 2025
Emergence 2025: Insights from INP Capital on Venture Capital Trends
The Emergence 2025 conference at the Four Seasons Hotel in Sydney brought together global investors, founders, and industry leaders to discuss the…
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- March 2025
Breaking Barriers in Plastic Recycling: Samsara Eco’s Latest Innovation
At INP Capital, we are always looking for groundbreaking technologies that reshape industries, drive sustainability, and create real impact. One of…
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- February 2025
Turning Plastic Waste into Sustainable Innovation: Why NILO’s Formaldehyde-Free Binder is a Game-Changer
The world is waking up to the hidden dangers of traditional adhesives used in the wood fiber board industry. Urea-formaldehyde, a widely used binder…
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- February 2025
Evolution is Great! – January Edition
Welcome to EVELUTION IS GREAT!
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- February 2025
INP Capital - The 50
We’re thrilled to announce that INP Capital has been named as one of the top 50 VCs in Canada by the Canadian Venture Capital & Private Equity…
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- January 2025
Axiom Holographics won the Edison Award!
🏆 Thrilled to announce that Axiom Holographics has been awarded the prestigious Gold Edison Award! This accolade is a powerful testament to their…
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- May 2024
Samsara Eco has made The Annual APAC Cleantech 25 List
👏 Congratulations to our portfolio company, Samsara Eco, for being recognized in the 2024 APAC Cleantech 25! This recognition by the Cleantech Group…
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- May 2024
lululemon Teams Up with INP Capital-Backed Company Samsara Eco to Launch World's First Enzymatically Recycled Polyester
Recently, Samsara Eco, an Australian enviro-tech company backed by INP Capital, teamed up with the renowned activewear brand lululemon to jointly…
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- April 2024
INP Capital's Latest Investment Trends: Innovation, Collaboration, and Market Frontiers
As 2024 unfolds, global markets are witnessing trends characterized by innovation and dynamic growth. These developments not only underscore industry…
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- February 2024
Investment Perspective】 Exploring the Frontiers of the Green Food Market
In the contemporary business landscape of the 21st century, the ascent of the green food market transcends mere trendiness; it embodies…
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- February 2024
Pioneering the Future: INP Capital's Insights on Unicorn Enterprises
In a market filled with challenges and opportunities, unicorn enterprises are not just navigating, but also driving industry innovation and reshaping…
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- February 2024
INP Capital: Pioneering Biotechnology Investments!
The landscape of biotechnology is rapidly evolving, attracting widespread global attention. Its interdisciplinary innovations, profound impact, and…
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- November 2023
September Investment Highlights: Remarkable Collaborations and Innovations by Portfolio Companies
As we bid farewell to September, portfolio companies backed by INP Capital have secured a series of remarkable achievements in the fields of…
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- November 2023
INP Capital Joins the Australian Investment Council, Embarking on a New Chapter!
In the world of financial investment, every significant collaboration and recognition paves the way for expanded cooperation and future…
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- October 2023
Promotions at INP Capital: Celebrating Excellence and Dedication
At INP Capital, our team is at the heart of our success. Their unwavering commitment, expertise, and vision drive our growth and set the pace for our…
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- October 2023
ESG Market Overview: Insights into Trends Through Numbers
ESG, which stands for Environmental, Social Responsibility, and Corporate Governance, embodies the core principles of sustainable investments and has…
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- October 2023
Frontier of Technological Venture Investments: Highlights from INP Capital's Summer Portfolio
As summer comes to a close, it leaves behind a highly fulfilling and productive season. With the relentless advancement of technology and the…
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- October 2023
Pioneering Sustainability Solutions: INP Capital Drives Ecological Transition in Energy
Amidst the global shift towards climate mitigation, the new energy landscape is undergoing unprecedented expansion. With an increasing number of…
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- September 2023
INP Capital Becomes a Designated Organization for Canada’s Start-up Visa Program
As an investment firm with a global perspective, we're both honored and elated to announce a new milestone for INP Capital. We have successfully…
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- September 2023
INP Capital: Pioneering Cross-Sector Investments, Spearheading Innovation Across Diverse Domains
In an ever-evolving global market landscape, INP Capital, armed with its acute insights and profound comprehension of various industry trends,…
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- August 2023
INP Portfolio Company EULEE: Leading AI Innovation, Elevating the Metaverse
In today's fast-paced and interconnected global business ecosystem, as an investment institution, we diligently monitor the latest advancements and…
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- July 2023
INP Capital Investment Update: Portfolio Companies Achieve Remarkable Milestones in Innovative Tech
Amidst the rapid evolution of technology, global industries are undergoing profound transformations. INP Capital, a prominent venture capital firm,…
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- July 2023
Deep Tech: INP Capital's Rising Star Samsara Eco Shines Brightly at Tech23
Recently, Samsara Eco, a Sydney-based biotech company backed by INP Capital, made a remarkable splash at Australia's premier deep tech event, Cicada…
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- July 2023
Revolutionizing Satellite Data: Wyvern's Dragonette-002 Successfully Launched
Wyvern is thrilled to announce the successful launch of its second satellite, Dragonette-002, as part of SpaceX's Transporter 8 mission! This…
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- July 2023
lululemon Deepens Commitment to Circularity Through Infinitely Recycled Nylon
lululemon has announced a multi-year collaboration with Australian enviro-tech startup, Samsara Eco, to scale circularity through textile-to-textile…
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- June 2023
Breakfast with INP – Global Technology Insights and Opportunities in 2023
On Friday March 3rd, 2023, INP Capital hosted an engaging event in Vancouver - “Breakfast with INP”.
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- March 2023