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.

Where is N49P located?

N49P is headquartered in Canada, CA.

Does N49P lead rounds?

N49P typically participates in rounds rather than leading them.

N49P

Venture capitalActively deploying

Canada · Pre-Seed–Seed · 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.

Invests inAI & Machine Learning Developer Tools Fintech SaaS Sector AgnosticCanadaNorth AmericaToronto

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Seed

Check

$500K – $750K

Canada, ON, CA

Leads rounds

Follows

Instruments

Equity

Tracked investments

Team · 3 people

from the firm's website

Alex Norman· Partner· Toronto, Ontario, Canadain 𝕏

Alex has over 20 years of experience in startup operations and investing, co-founded TechTO, and launched AngelList Ventures in Canada. He has had two successful exits as an operator and holds a B.Comm from McGill and an MBA from Wharton.

Doug Penick· Partner

Doug leads investor relations at N49P, focused on finding new LPs. He previously spent nearly 20 years at Goldman Sachs as Managing Director in Credit Derivative Sales and holds a B.Comm from McGill University.

Omar Dhalla· Partner· Canadain 𝕏

Omar has over a decade of venture and corporate venture capital experience, having deployed more than $100M and raised $300M for his companies while scaling multiple international markets. He holds a B.Comm in Finance from UBC and an MBA from Ivey Business School.

What they invest in

from 3 of 19 portfolio companies

SaaS ×2AI & Machine Learning ×1Cloud Computing ×1Developer Tools ×1FoodTech ×1Marketing Tech ×1Robotics ×1

HQs:United States×1

Investments · 19 tracked

founders shown can be your intro path

Actualonactual.comin

Appetronixappetronix.comin 𝕏

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

Assistiqassistiq.aiin

Backboardbackboard.ioin 𝕏

Summit, US

Ephraim Zanger(Shareholder with 38.25% interest in BackBoard Inc.)Jonathan Flax(CEO)

Baseline Lendingbaselinesoftware.comin 𝕏

Bettermodebettermode.comin

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

Marketing TechSaaS

Bloomhellobloomers.com

Cariboucaribouwealth.comin

Co:brandcobrand.comin

CocoNFT

One-click NFT creation tool for creators

Corecruitcorecruit.comin

Crescendocrescendowork.com

Cultural competence training courses for global teams

Ctocto.aiin 𝕏

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

Dessndessn.aiin 𝕏

Maneva

Factory AI and supply chain optimization (Series A: $27M)

Partner companyaltrio.comin 𝕏

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.

Frequently asked questions

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.

From the blog

visit blog ↗

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

Announcing Fund IVMay 2026N49P closed US$25 million for its fourth fund targeting US$70 million, backed by returning and new institutional investors and supporting the firm's pre-seed investments in Canadian technology startups.Doubling Down On DessnMay 2026N49P reinvested in Dessn, a design-to-code platform that connects directly to GitHub codebases and lets product teams work visually in production without translation layers.Announcing Our Investment In WygoApr 2026N49P invested in Wygo, a platform providing economic infrastructure and discovery tools for community organizers to build sustainable careers in in-person event management.

Media · Podcasts & interviews

featuring the team

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

Mantle · Alex Norman

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

Zeifmans · Alex Norman

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

Daniel Lee · Alex Norman

Images

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