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N49P

Toronto, Ontario, Canada · Invests in North America; US · Website

Pre-SeedSeedB2B SaaSAI & Machine LearningFintechHealthcare & BiotechLegal TechReal Estate & ProptechEnterprise SoftwareFintech & PaymentsHealthcare & Digital HealthLegal & RegtechReal Estate & PropTech

Thesis

N49P partners with visionary Canadian founders to transform markets at inception, pre-seed, and early seed stages. They back founders who prioritize speed and execution over traditional credentials, with clear vision and the ability to recruit exceptional teams.

Likely not a fit for

No late-stage investments. Canada-first with limited US exposure. Not known as round leads. Do not invest in non-tech or hardware-only companies.

How they invest

Lead or follow
Usually follows
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Advisor
Fund status
Actively deploying
Assets under mgmt
$25M
Decision process
Partnership vote

Partners & team

4 contacts on file

AN

Alex Norman

PartnerPartner · Primary contact

+ Pitch

a•••@n4•••.com

LinkedIn profile

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PK

Prem Kalevar

PartnerPartner

+ Pitch

p•••@n4•••.com

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DP

Doug Penick

PartnerPartner

+ Pitch

d•••@n4•••.com

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OD

Omar Dhalla

PartnerPartner

+ Pitch

o•••@n4•••.com

LinkedIn profile

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Portfolio

ActualClimate Clean Energy

Actual is an AI-powered platform that integrates technical, scientific, and financial expertise to unlock investment for capital projects, particularly in the sustainable aviation fuel (SAF) industry. The platform aims to generate fundable returns for projects by leveraging advanced modeling techniques.

AltrioProptech Real Estate

Altrio is a leading provider of real estate investment software and deal management platform designed to streamline the investment process for brokers and investors, enabling them to manage, market, and close deals efficiently.

AppetronixRobotics Automation

Appetronix specializes in autonomous robotic solutions for commercial restaurant kitchens, optimizing AI, robotics, and automation to create quick-service restaurant experiences with zero onsite employees.

AssistIQHealthcare Digital

AssistIQ is an AI-powered platform that enhances healthcare supply chain management by using computer vision to capture and bill for medical supplies and implants in real-time, reducing manual entry and increasing efficiency.

Backboard
Baseline LendingProptech Real Estate

Baseline is a software company specializing in real estate private lending. It offers software to streamline lending operations and servicing, trusted by private lenders across America.

BettermodeEnterprise Software

Bettermode is an all-in-one customer community platform that enables businesses to engage, support, and grow their audience through customizable community experiences and advanced engagement tools.

BloomConsumer Apps Social

Bloom hosts dinner gatherings with strangers for organic encounters, focusing on intimate social experiences.

CaribouHealthcare Digital

Caribou is a healthcare insurance planning firm that provides innovative tools and resources for financial advisors to assist their clients in navigating healthcare options, including Medicare.

Co:brandMedia Entertainment

Co:brand is a platform designed to empower artists by providing analytics, community engagement tools, and advertising solutions to enhance their music marketing efforts.

CoRecruitEnterprise Software

CoRecruit is an AI-powered recruiting software designed to assist recruitment agencies in streamlining their hiring processes.

EvenupLegal Regtech

EvenUp is the leading AI platform for personal injury law. Trusted by 2,000+ firms, EvenUp helps legal teams run casework like clockwork—drafting documents, automating workflows, and maximizing the outcome of every case from intake to resolution.

Recent activity

N49P in the news

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Research briefRead more
N49P Ventures Research Investment Thesis N49P is a Toronto-based venture capital firm founded in 2018 that partners with visionary founders to transform markets at the earliest stages of the venture lifecycle. The firm focuses exclusively on Canadian technology startups at the inception, pre-seed, and early seed stages, providing not just capital but hands-on operational support, a curated mentor

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