Investors / N49P
N49P
N49P is a venture capital firm based in Canada. N49P has backed 16 Canadian AI companies in the Index, joining 12 tracked rounds and leading 4. The most recent was Thri5's US$5.4M seed round in September 2026. N49P most often invests alongside Alate Partners, Garage Capital and Inovia Capital.
VC based in Canada. 16 Canadian AI companies in the Index, 12 tracked rounds, 4 as lead.
- Type
- VC
- HQ country
- Canada
- Companies
- 16
- Tracked rounds
- 12
- Led
- 4
- First tracked deal
- AssistIQ, Feb 2023
- Latest tracked deal
- Thri5, Sep 2026
- Website
- n49p.com
Portfolio
| Company | Rounds joined (date, round size) | Company's total raised | Role |
|---|---|---|---|
| Thri5 | Seed · Sep 2026 · US$5.4M round | US$5.4M | — |
| Orbits | Pre-seed · Sep 2026 · US$2M round | US$2M | — |
| Floqer | Pre-seed · Jul 2026 · US$2M round | C$3.1M | — |
| Mave | Pre-seed · Oct 2024 · C$2M round (lead)Seed · Jan 2026 · C$5M round | C$7M | Led Pre-seed |
| Backboard.io | Pre-seed · Jan 2026 (lead) | — | Lead |
| TISC | Pre-seed · Nov 2025 · US$2.1M round (lead) | US$2.1M | Lead |
| Spellbook | Seed · May 2023 · US$10.9M roundSeries A · Jan 2024 · US$20M round | C$113.3M | — |
| Kento Health | Pre-seed · Oct 2023 · US$3M round (lead) | US$3M | Lead |
| Vivid Machines | Seed · Apr 2023 · US$4.3M round | C$7.5M | — |
| AssistIQ | Venture round · Feb 2023 · C$2.5M round | C$18.4M | — |
| CoRecruit* | — | — | — |
| Dessn* | — | — | — |
| EvenUp* | — | US$335.5M | — |
| HyperComply* | — | — | — |
| ODAIA* | — | US$25M | — |
| Quandri* | — | US$20.5M | — |
A round's size is the whole round as announced, not this investor's cheque.
* Held per the firm's portfolio page or reported coverage, without a round tracked in the Index.
Frequent co-investors
Alate Partners (2 shared rounds), Garage Capital (2 shared rounds), Inovia Capital (2 shared rounds), MaRS Investment Accelerator Fund (2 shared rounds), Mistral Venture Partners (2 shared rounds), Relay Ventures (2 shared rounds), StandUp Ventures (2 shared rounds), a16z speedrun (1 shared round)
In the newsletter
Data as of November 10, 2026.