Fundraising Fox

N49P

Venture capitalActively deploying

Canada Β· Pre-Seed–Seed Β· 3 people tracked

Also known as N49P MANAGEMENT, LLC

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Investment thesis

N49P partners with visionary Canadian founders from the earliest stages, aiming to help them reach product-market fit and scale faster. The firm emphasizes hands-on, no-nonsense support and 24/7 availability. It cultivates a founder-led community where portfolio founders share knowledge through WhatsApp groups, Zooms, and events. N49P also offers access to a network of 50+ experienced leaders who provide strategic guidance and customer connections, and it supports founders in transforming their markets.

Source: firm website, verified Aug 25, 2026.

Stage
Pre-Seed–Seed
Check
$500K – $750K
HQ
Canada, ON, CA
Leads rounds
Follows
Instruments
Equity
Founded
2022
Last 12 months
4 investments
Tracked investments
23

Team Β· 3 people

from the firm's website

What they invest in

from 17 of 23 portfolio companies

AI & Machine Learning Γ—11SaaS Γ—9Fintech Γ—5Marketing Tech Γ—4Developer Tools Γ—3Enterprise Software Γ—3PropTech Γ—3Data & Infrastructure Γ—2

HQs:United StatesΓ—3CanadaΓ—1United KingdomΓ—1

Investments Β· 23 tracked

founders shown can be your intro path

By year:2026 Β· 42024 Β· 26 dated

Connect Venturesconnectventures.coinπ•βœ“ verified

Dessn offers a design-to-code tool that connects to a product's repository and uses AI to extract design components and generate a cloud-hosted design environment built around the codebase.

AdTechAI & Machine LearningData & InfrastructureDeveloper ToolsMarketing TechSaaSSector AgnosticLondon, GB

Marcus Persson(Co-founder)inNils Nygren Liljenstrand(Co-founder & CPO)inGabriella Hachem(Co-founder)Nim(Co-founder)

Co-investorsBetaworksFJ LabsVentures TogetherBallou CapitalConnect VenturesOnstage

Actualonactual.comin

Actual provides a platform for restaurants, hotels, and coffee shops to automate tip division, digital tip payouts, payroll, and compliance, plus operations reporting and data-driven sales forecasting.

Enterprise SoftwareFintechSaaS

Altrioaltrio.comin𝕏

Altrio provides AI-native software for commercial real estate investment teams, supporting acquisitions, asset management, capital raising, development, dispositions, lending, and portfolio management.

AI & Machine LearningFintechPropTechSaaS

Co-investorsAlate PartnersMantella Venture PartnersPanache VenturesRelay VenturesWhitecap Venture Partners

Appetronixappetronix.com

Appetronix develops autonomous quick-service restaurant systems that combine AI-driven kitchen automation and robotics to prepare made-to-order meals with zero on-site staff.

AI & Machine LearningFoodTechRobotics

Co-investorsAlleyCorpAlley Robotics Ventures

AssistIQassistiq.aiin

AssistIQ uses AI-powered computer vision to automatically capture and recognize implants, tissue, and surgical supplies as they are used in the operating room, updating inventory and charge data without manual entry.

AI & Machine LearningHealthtechMedical Devices

Co-investorsBattery VenturesStand Up VenturesTamarind Hill

Backboardbackboard.ioin𝕏Jan 2026

Backboard provides infrastructure for deploying and operating advanced AI across cloud, private cloud, on-premise, and on-device environments, with model routing, optimization/quantization, persistent memory, and orchestration.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSummit, US

Jonathan Flax(CEO)

Co-investorsGarage CapitalMistral Venture Partners

Baselinebaselinepro.comin𝕏May 2024

Baseline is sports facility management software that handles configurable memberships, billing, renewals, predictive churn scoring, revenue forecasting, family accounts, team registration, and payment-gated smart-lock access.

AI & Machine LearningEnterprise SoftwareFintechSaaSSports Tech

Co-investorsFINTOP CapitalService Provider CapitalBaselineExit North Ventures

Baseline Lendingbaselinesoftware.comin𝕏

Baseline is loan management software that provides a branded borrower portal for applications, document uploads, budgets, and draw requests, while giving lenders clean data, faster approvals, and visibility from term sheet to fund release.

FintechPropTechSaaS

Bettermodebettermode.comin𝕏

Bettermode is a no-code community platform that enables teams to build, manage, and measure community engagement.

Marketing TechSaaS

Mo Malayeri(Founder)in

Co-investorsBessemer Venture PartnersCRV (Charles River Ventures)Inovia CapitalPath Ventures

Bloomhellobloomers.com
Cariboucaribouwealth.comin

Move Health is a healthcare insurance planning firm that provides financial advisors with analysis software and a licensed advisory team to estimate healthcare costs and guide clients through health insurance and Medicare enrollment.

FintechHealthtechInsurTech

Co-investorsGarage CapitalGoldman Sachs

Co:brandcobrand.comin

Cobrand is a music marketing platform that provides artists and record labels with analytics, fan CRM tools, creator discovery and outreach, and campaign management.

Creator EconomyMarketing TechMedia & Entertainment

Co-investorsAZURO CAPITAL VENTURES

CocoNFT

One-click NFT creation tool for creators

Corecruitcorecruit.comin

CoRecruit is a tool for recruitment agencies that captures and transcribes candidate and client conversations across video, mobile, and VoIP calls, automatically tagging and pushing structured notes and submittals into the firm's applicant tracking system (ATS).

AI & Machine LearningHR TechSaaS

Crescendocrescendowork.com

Cultural competence training courses for global teams

Co-investorsGarage Capital

Ctocto.aiin𝕏

CTO.ai offers DevOps as a Service, setting up end-to-end DevOps workflows for engineering teams to deploy to any cloud.

Cloud ComputingDeveloper ToolsSaaS

Co-investorsPallasite VenturesYaletown Partners

Dessndessn.aiin𝕏May 2026 Β· $6M

Dessn is a design and prototyping tool that connects to a team's production codebase (read-only) and turns it into a collaborative design environment, letting designers and non-developers create high-fidelity prototypes as live branches without opening an IDE.

AI & Machine LearningDeveloper ToolsSaaS

Gabriella Hachem(Founder)in

Co-investorsBetaworksConnect VenturesConnect Ventures

Manevamaneva.aiin𝕏Apr 2026

Maneva develops Video-to-Action AI for manufacturers, converting production-floor visual data into real-time actions for quality control, machine integrity, and line supervision (via its ALIS AI Line Supervisor).

Advanced ManufacturingAI & Machine LearningRoboticsToronto

Rae Chan Jeong(Executive Officer, Director)Kelvin Chan(Co-Founder & CTO)Rae Jeong(Co-Founder & CEO)in

Co-investors640 OxfordArka Venture LabsBling CapitalEvolution VC PartnersUS Venture PartnersFreestyle Capital

Mavegomave.coinOct 2024 Β· $2M

Mave provides an AI marketing tool for real estate professionals that automatically gathers property and listing data and generates branded marketing content once a listing goes live.

AI & Machine LearningMarketing TechPropTech

Co-investorsAlate PartnersRelay VenturesBlume VenturesClarim Ventures

Perplexity Fundperplexityfund.aiin𝕏Jul 2026 Β· $2M

Perplexity Fund is a venture capital firm that invests in AI-focused startups, primarily in enterprise software and infrastructure.

AI & Machine Learning

Co-investorsInvariantes Fund

Remitian

N49P portfolio company going beyond tax filing.

Synex

Non-invasive health monitoring device that tracks biomarkers like glucose and ketones in real-time without blood draws.

Wygo

N49P portfolio company described as a new way to community.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has N49P made?
N49P has 17 tracked investments, including 3 dated in the last 24 months.
What stage does N49P invest at?
N49P invests at the Pre-Seed, Seed stages.
What is N49P's typical check size?
N49P typically writes checks of $500K – $750K.
What sectors does N49P focus on?
N49P focuses on AI & Machine Learning, Developer Tools, Fintech, SaaS, Sector Agnostic.
Where is N49P located?
N49P is headquartered in Canada, CA.
Does N49P lead rounds?
N49P typically participates in rounds rather than leading them.
Who does N49P co-invest with?
N49P most often shares deals with Garage Capital, Battery Ventures, Bessemer Venture Partners, among 23 tracked co-investors.

From the blog

visit blog β†—

N49P has written recently about closing its fourth fund and announcing pre-seed investments in Dessn, a design-to-code platform, and Wygo, a community organizing infrastructure platform. AI summary

Media Β· Podcasts & interviews

featuring the team

Alex Norman (TechTO/N49P) | How to Build a Thriving Startup Community

Mantle Β· Alex Norman

Zeifmans Armand Sorra sits down with Alex Norman, Partner at N49P & AngelList & TechTO co-founder

Zeifmans Β· Alex Norman

#75 - Alex Norman, Co-Founder of TechToronto, Head of Canada for AngelList and Partner of N49P Ve...

Daniel Lee Β· Alex Norman

Images

N49P photoN49P photoN49P photo

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