INP Capital

What INP Capital does

INP Capital is a privately held boutique investment firm headquartered in Vancouver, Canada, with operating teams across Canada, Australia, China, and Singapore. The firm manages venture capital and private equity capital across the full company lifecycle, from seed to pre-IPO, through dedicated vehicles including the INP Ingenuity Unicorn Fund (Canada, early-stage), INP M88 Fund I (Australia, critical metals and renewable energy), and INP AFV SPV (Singapore, commercial alternative fuel vehicles). Its investment thesis targets AI, cleantech, energy transition, biotech, and deep industrial innovation, with a portfolio of 22+ companies across 10 countries that has produced three unicorns, including ApplyBoard and GrubMarket.\n\nThe firm earns revenue through traditional fund management economics — management fees on committed capital and carried interest on fund profits — and supplements this with IPO and listing advisory services for portfolio companies on the ASX, TSX, TSXV, and Chinese A-share exchanges. INP Capital also operates as one of only 26 IRCC-designated venture capital funds under Canada's Start-up Visa Program, providing a regulated channel for international entrepreneurs to secure Canadian permanent residency through venture investment. The firm is a subsidiary of Uni-Innovate Consulting Corp., is registered as an investment fund manager, portfolio manager, and exempt market dealer with the British Columbia, Alberta, and Ontario securities commissions, and is co-founded and led by CEO Steven Xu (ex-PwC) and CIO Jackie Chen.\n\nINP Capital pursues a hybrid go-to-market approach combining direct investment relationships, institutional LP distribution, and ecosystem partnerships with accelerators, universities, and angel organizations (including the Accelerator Centre in Waterloo and the China Canada Angel Alliance). The firm serves two principal customer cohorts: technology startup founders seeking early-to-pre-IPO capital and global expansion support, and Limited Partners (family offices, HNW individuals, and institutional investors) seeking diversified exposure to venture-backed technology and impact-driven assets. Its distribution is anchored in event-driven engagement (e.g., Emergence 2025 in Sydney, Global Gateway Investor Showcase in Waterloo), thought leadership content, and professional association memberships (CVCA, Australian Investment Council).

Name

INP Capital

Legal name

INP Capital Inc.

Website

https://inp-capital.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

INP Capital is a Vancouver-based boutique venture capital and private equity firm managing multi-country funds from seed to pre-IPO, serving technology startup founders and institutional Limited Partners across Canada, Australia, China, and Singapore.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact / ESG Venture Capital (FSANAAAG)

akta.pro secondary industries

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

Keywords

• Venture capital
• Private equity
• Startup investment
• Fund management
• Pre-IPO advisory

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management: INP Capital generates revenue through traditional venture capital fund management, including management fees (typically 1-2% of committed capital) and carried interest (20% of profits above the hurdle rate). They manage multiple funds including INP Ingenuity Unicorn Fund (Canada) and INP M88 Fund I (Australia), as well as special purpose vehicles like INP AFV SPV (Singapore) covering Asia-Pacific investments.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

INP Capital is a boutique venture capital and private equity firm that invests in technology companies from early stage through pre-IPO. It manages specialized funds including the INP Ingenuity Unicorn Fund (Canada) and INP AFV SPV (Singapore), and provides capital, strategic guidance, and IPO advisory support. As one of 26 IRCC-designated venture capital funds, it also supports international entrepreneurs through Canada's Start-up Visa Program with a minimum investment threshold of $200,000 CAD.

Product overview

INP Capital is a boutique investment firm offering private equity investment services through specialized funds and programs. The firm operates two primary investment vehicles: the INP Ingenuity Unicorn Fund (a Canada-based early-stage fund targeting explosive-growth sectors) and the INP AFV SPV (a Singapore-based special purpose vehicle covering commercial alternative fuel vehicle investments across Asia). Additionally, as an IRCC-designated venture capital fund, INP Capital provides support for Canada's Start-up Visa Program, enabling immigrant entrepreneurs to establish businesses in Canada with access to capital, mentorship, and global networks.

Differentiator

Problem solved

Functional benefit

Brands

• INP Ingenuity Unicorn Fund: Early-stage (seed to series A) fund in Canada focusing on sectors at the verge of explosive growth, with a focus on commercial AFV and emerging technologies.
• INP M88 Fund I
• INP AFV SPV

Products and services

• INP Ingenuity Unicorn Fund An early-stage (seed to series A) fund offered in Canada focusing on sectors at the verge of explosive growth, leveraging INP's extensive global network and deal source, with the aim to discover potential unicorns early and create exponential value over the long run. Designed for Limited Partners seeking exposure to early-stage technology investments.
• INP AFV SPV A special purpose vehicle based in Singapore that covers different-staged companies along the entire industry value chain in Asia and globally to fully participate in the new wave of energy transition. This SPV aims to form an ecosystem around strategic holdings and emerging leaders in the commercial AFV space.
• INP M88 Fund I An Australian renewable energy investment fund focusing on critical metals and green development. Invests in critical metals and renewable energy opportunities to support the energy transition.
• Canada Start-up Visa (SUV) Program Support INP Capital is one of 26 recognized venture capital funds designated by Immigration, Refugees, and Citizenship Canada (IRCC) to support global startups. They provide funding support, mentorship, and global networks to innovative entrepreneurs seeking to establish and grow their startups in Canada. Minimum investment requirement is $200,000 CAD for Start-up Visa Program applicants.

Quantifiable outcome

• 3 unicorns emerged from portfolio companies
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered flagship, core and important.

• China Canada Angel Alliance (CCAA)flagshipStrategic or Co-development Partner · 24 March 2025Strategic partnership connecting visionary founders from China to Canada, Australia, and beyond through strategic investment, global expansion support, and the Start-up Visa Program. CCAA + Global Base and INP Capital together help founders evaluate and execute on IPO pathways within North America, connecting them with advisors and capital market partners.
• Immigration, Refugees and Citizenship Canada (IRCC)coreOthers · 24 March 2025INP Capital is one of 26 recognized venture capital funds designated by IRCC to support global startups under Canada's Start-up Visa Program. This designation enables INP to provide funding support to innovative startups capable of competing on a global stage and provides pathway to permanent residency for entrepreneurs.
• Canadian Venture Capital & Private Equity Association (CVCA)coreOthers · 20 January 2025INP Capital recognized as one of the top 50 VCs in Canada by CVCA, demonstrating standing within Canada's venture capital ecosystem. CVCA is a premier body driving innovation and representing the Canadian VC/PE industry.
• Australian Investment CouncilcoreOthers · 30 October 2023INP Capital became an official member of the Australian Investment Council, solidifying its position within Australia's private capital investment landscape. The Council plays a pivotal role in shaping policy, ensuring robust regulatory framework, and delivering knowledge and training for private capital sector growth.
• Accelerator Centre (Waterloo)importantGTM or Marketing Partner · 2 February 2022Jointly organized the Global Gateway Investor Showcase showcasing seven early-stage technology startups in Ontario covering Fintech, big data, hardware tech, cleantech and healthcare. INP Capital established satellite office in Waterloo in 2017 and continues to partner with local accelerators to deepen engagement in the Waterloo tech innovation ecosystem.
• Canada's Start-up Visa Program EcosystemcoreOthersPart of the Canadian Start-up Visa Program ecosystem including universities (University of Toronto, McGill, UBC), research institutions (Vector Institute, Montreal's Mila), and National Research Council's Industrial Research Assistance Program. INP Capital supports immigrant entrepreneurs establishing and growing startups in Canada.
• Local Accelerators and IncubatorsimportantChannel Partner/ Reseller/ DistributorINP Capital collaborates with top university science and tech centers, accelerators, angel organizations, and top-tier professional service providers to facilitate resource integration and support visionary entrepreneurs for growth.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/inp-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments32 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about INP Capital