N49P

N49P is a venture capital investment firm established in 2019 and located in Toronto, Canada. The firm focuses on investing in seed-stage technology companies within Canada, aiming to support innovative startups and foster growth in the tech sector. By targeting early-stage businesses, N49P seeks to identify and cultivate promising ventures that have the potential for significant development and success in the competitive landscape of technology.

Doug Penick

Co-Founder and Partner

46 past transactions

Deskree

Seed Round in 2023
Deskree is an online collaboration platform for managing tasks, ideas, and issues

Planned

Series A in 2022
Planned Inc. designs and develops a platform which helps corporate event planners book everything they need for their event. The platform offers consumers to select from a curated portfolio of 1,000 venues and vendors across Canada. Planned Inc. was formerly known as Enter and changed its name to Planned Inc. in October 2019. Planned Inc. was founded in 2017 and is based in Montreal, Canada.

Flexpa

Seed Round in 2022
Flexpa is a healthcare technology company founded in 2021 and based in San Francisco, California. It specializes in developing a platform that allows digital health applications to connect with patient access APIs and integrate claims histories. By digitizing data collected from various healthcare providers, Flexpa creates analytics dashboards that enable healthcare professionals to track individual and group patient outcomes. This integration of diagnostic tests and lab reports helps providers make informed decisions regarding treatment plans and pharmaceutical options, ultimately aiming to enhance healthcare outcomes.

Kruzee

Pre Seed Round in 2022
Kruzee is an online driving school that offers convenient driving lesson services at customers' doorsteps. The company provides a platform for users to book in-car lessons with ministry-certified driving instructors, creating a more accessible and transparent driver's education experience. Kruzee's approach includes a virtual, self-paced curriculum designed to help individuals learn to drive confidently. By leveraging technology, the company aims to simplify the process of obtaining driving skills and knowledge for a diverse range of learners.

Jombone

Seed Round in 2022
Operator of staffing and human capital management platform intended to empower businesses to take control of their hiring and staffing processes. The company's platform leverages the combined power of advanced technology and social networking to offer end-to-end automation in hiring workers and managing employment in industrial and temporary staffing, helping businesses eliminate costly inefficiencies and middle-man costs in the temporary work-hiring industry.

Zenbase

Seed Round in 2022
Zenbase is a leader in flexible rent payments, and is committed to economic inclusion that fosters financial empowerment for renters. Our solutions improve the financial wellness of renters while improving operational efficiency for property managers. Rent is usually due on the 1st of the month but that doesn’t align with most people’s bi-monthly pay cycle. We’ve fixed that misalignment and provided other financial tools to help level the playing field.

Moves

Seed Round in 2022
Developer of financial services platform designed to help independent workers achieve their financial goals. The company's platform offers to track, manage, and access your money all from one account, helping gig workers manage their business and work towards getting ahead together.

Supportbench

Seed Round in 2022
Supportbench is a customer service platform that specializes in enhancing the customer experience for businesses. The software is designed for cloud and web-based customer support, providing a range of features such as calendar management, case tracking, customer surveys, and real-time analytics. These tools enable support teams to efficiently resolve issues and foster positive interactions with customers. By offering a comprehensive solution, Supportbench empowers organizations to implement their unique strategies for customer support, ultimately driving satisfaction and loyalty.

Tengiva

Seed Round in 2022
Developer of a supply chain operations software designed to optimize the use of resources and processes in the textile and clothing supply chains. The company's software features in-stock textile products and curated fabrics from worldwide suppliers and centralizes and provides structured access to data for textile manufacturers, industry-promotional associations, governmental organizations, and finished apparel brands, enabling businesses to optimize resource usage, increase transparency across the entire supply chain, and promote improved practices.

Uplinq

Pre Seed Round in 2022
Uplinq is launching the most advanced financial insights & analytics platform globally for small business lenders, enabling them to make the most accurate credit decisions possible. Our insights engine is the only AI platform in-market today that helps our Financial Institution & Fintech customers understand traditional SMBs, while better supporting the underserved, unbanked, minority & immigrant small business owner. The company was founded in 2021 and is based in Toronto, Ontario.

Key

Seed Round in 2022
At Key, we're creating a world where real estate is a source of prosperity and freedom for everyone. Our patent-pending approach makes urban living possible again, free from the burdens of commuting, cost-prohibitive down payments, and the inflexibility that comes with a 25-year mortgage.

Mayday

Seed Round in 2022
MAYDAY LABS INC. designs and develops wellness and productivity software solutions. The company offers calendar scheduling assistant solutions, including automatic travel time scheduling. MAYDAY LABS INC. was incorporated in 2018 and is based in Toronto, Canada.

Tiny Mile

Series A in 2022
Tiny Mile is a robotics company that develops a four-kilogram teleoperated (and semi-autonomous) last-mile delivery robot. The company is a startup based in Toronto, Canada. It helps small businesses with affordable delivery.

Caribou

Seed Round in 2022
Developer of a healthcare cost prediction and optimization software designed to connect patients to expert healthcare advisors. The company's platform provides personalized guidance to resolve the problems of patients by connecting virtually, helps patients negotiate medical bills, identify options for financial support, and allows patients to assess different options for care based on costs, enabling financial advisors to plan for their patient's treatment to connect with an expert to listen to their problems.

Trust Chain Global

Seed Round in 2021
Trust Chain Global is a workflow management and fintech platform tailored for the global commodities community. It facilitates faster and safer transactions by providing tools for transparent and compliant dealings. The platform features continuous identity verification, digital escrow, and payment solutions, along with deal management capabilities. This comprehensive system ensures that parties can engage in commerce with confidence, promoting timely delivery of commodities to their intended destinations.

Hop In Technologies

Seed Round in 2021
Hop In Technologies is revolutionizing the way employees get to work by improving accessibility to workplaces. Through their shuttle solutions, Hop In empowers corporations to be the driving force behind an improved quality of life for their employees.

Visualping

Seed Round in 2021
Visualping is a SaaS freemium startup that offers robotic automated “website change alerts as service” with thousands of use cases: - Consumers use us to track prices and promotions, product and ticket availability, new job or rental postings etc. - Business use us to monitor reviews, changes in law, competitive monitoring, automate tasks etc. - Website owners use us to alert their visitors when their site is updated - using our widget as a replacement of RSS. We currently have more than 1 million users, with users in most Fortune 1,000 companies and in all verticals.

Motive.io

Seed Round in 2021
Motive.io is a developer of an XR training platform that specializes in augmented reality (AR) and virtual reality (VR) solutions for enterprises. The platform allows organizations to create, deploy, track, and maintain interactive and immersive training applications without needing extensive programming resources. It supports a variety of training needs, including job-skills training, soft-skills scenarios, and open-world simulations. By simplifying the process of scaling XR training across large organizations, Motive.io addresses the challenges companies face in implementing effective and engaging training methodologies.

Moonshot Brands

Series A in 2021
Moonshot Brands acquires, operates, and grows profitable e-commerce businesses.

Railz

Series A in 2021
Railz Financial Technologies Inc. is a Toronto-based company that specializes in providing a unified API for accessing data from major accounting software providers such as QuickBooks, Xero, and Sage. Founded in 2020, Railz enables lenders, financial institutions, accounting firms, and tech developers to obtain real-time financial data, analytics, insights, and reports on small business customers. This streamlined access facilitates the assessment of credit applications and the evaluation of a business's financial health. Railz's Data as a Service solution allows clients to integrate quickly and efficiently without the need to alter existing operations, technology infrastructure, or workflows. The platform is designed for rapid deployment, ensuring that users can access their customers' accounting information with minimal disruption and cost.

Sherpa°

Venture Round in 2021
Developer of visa services platform intended to solve hassles related to electronic visas (e-Visas) and electronic travel authorizations (eTAs). The company's platform offers application programming interfaces (APIs) that provide an extensive database including passport and visa requirements, border procedures, health declarations, passenger locator forms, quarantine measures, transit restrictions and vaccination requirements, and embeddable elements to deliver travel documents to passengers as an ancillary service, enabling customers with a frictionless electronic visa (e-Visa) experience and make travel easier.

Altrio

Seed Round in 2021
Developer of a real estate deal management software designed to optimize the investment process. The company's software features extracting deal information from documents and emails, collaboration and workflow management, and investment monitoring, enabling users to manage their portfolios and get detailed information about deals in their pipeline.

Disco

Seed Round in 2021
Disco is a platform for creators to build and scale their learning empire easily in one place. Our vision for learning leaves the industrial age behind and looks to a world of lifelong learning, that's live, with peers, led by creators we trust and accessible from anywhere.

Visualping

Seed Round in 2021
Visualping is a SaaS freemium startup that offers robotic automated “website change alerts as service” with thousands of use cases: - Consumers use us to track prices and promotions, product and ticket availability, new job or rental postings etc. - Business use us to monitor reviews, changes in law, competitive monitoring, automate tasks etc. - Website owners use us to alert their visitors when their site is updated - using our widget as a replacement of RSS. We currently have more than 1 million users, with users in most Fortune 1,000 companies and in all verticals.

Snack

Pre Seed Round in 2021
Snack is a video-first dating application that enables users to connect with potential matches through engaging video content. The platform allows individuals to create and post videos on a feed, facilitating real-time interactions and a more dynamic approach to online dating. By combining traditional matching algorithms with the ability to flirt-stream, Snack provides a unique environment for users to express themselves and connect creatively with others. This innovative approach to dating aims to enhance user engagement and foster meaningful connections in a modern digital landscape.

Planned

Venture Round in 2020
Planned Inc. designs and develops a platform which helps corporate event planners book everything they need for their event. The platform offers consumers to select from a curated portfolio of 1,000 venues and vendors across Canada. Planned Inc. was formerly known as Enter and changed its name to Planned Inc. in October 2019. Planned Inc. was founded in 2017 and is based in Montreal, Canada.

Bettermode

Seed Round in 2020
Tribe is a computer software company that offers a cloud-based platform empowering the new generation of online communities. It integrates with messengers and social media and helps its users to amplify the vibe around their business by allowing them and their customers to create content. The company was founded in 2018 and headquartered in Ontario, Canada.

Walnut Insurance

Pre Seed Round in 2020
Developer of insurance platform designed for partners to unlock the insurance opportunity under their brand in 30 days or less. The company offers insurance purchasing experiences digital-first, simple, and convenient creating greater accessibility across life, P&C, and embedded product lines, enabling customers to get insured in minutes.

Owl.Co

Series A in 2020
Owl Technologies Inc. provides data aggregation solutions for banks and insurers. It offers an artificial intelligence-enabled process automation solution that deals with sensitive data to complete sales and improve customer service for various products of the financial institutions. The company was founded in 2017 and is based in Vancouver, Canada.

Safekeep

Seed Round in 2020
Safekeep powers Claimflo which automates claims processing by applying NLP on adjuster notes and by executing regulatory, line of business, and special handling business rules. Safekeep's rule inventory of over 3,000 business rules is based on input from our predictive models and team of experienced claims professionals.

Wondeur

Venture Round in 2020
Wondeur specializes in researching value creation dynamics and biases within the art world. The company has developed a quantitative decision-making platform that collects and verifies art-related data from various global sources in real-time. This platform serves museums and art professionals by providing them with essential information to meet their curatorial objectives. Additionally, it offers the financial sector the necessary tools and insights to implement responsible art asset strategies. Wondeur's analytics quantify artist growth, track the evolution of value, and assess the past and future impact of museums and galleries worldwide.

Voiceflow

Seed Round in 2020
Voiceflow, Inc. is a Toronto-based company that provides an online platform for designing and developing voice applications. Founded in 2018, Voiceflow enables users, including content creators and businesses, to create, prototype, and distribute voice applications for smart speakers like Alexa and Google Assistant without requiring coding skills. The platform features a visual programming language with a drag-and-drop interface, simplifying the process of building and launching voice applications. Through its user-friendly tools, Voiceflow supports the monetization of voice content, making it accessible for individuals and organizations to leverage voice technology effectively.

Lilia

Seed Round in 2020
Lilia provides end to end fertility support to women. It offers a diagnostic test for fertility hormone testing from home; and a resource hub that connects parents with fertility specialists and provides information on how to navigate reproductive issues. Lilia is headquartered in Toronto, Canada.

Mayday

Pre Seed Round in 2019
MAYDAY LABS INC. designs and develops wellness and productivity software solutions. The company offers calendar scheduling assistant solutions, including automatic travel time scheduling. MAYDAY LABS INC. was incorporated in 2018 and is based in Toronto, Canada.

CTO.ai

Seed Round in 2019
CTO.ai is a serverless infrastructure designed for the needs of fast moving development teams who want to measure what the business cares about. Our Commands, Pipelines, Services and Insights provide all of the tools you need to easily integrate your GitOps and ChatOps workflows, so that you can workflow smarter, not harder.

Odaia

Seed Round in 2019
ODAIA Intelligence Inc. is a Canadian company that specializes in developing an artificial intelligence-based platform for customer engagement analysis. Founded in 2018 and headquartered in Toronto, ODAIA offers a cloud-based software as a service (SaaS) platform that enables enterprise clients to automate the mapping of customer touchpoints and journeys. Utilizing advanced techniques in big data mining, process journey mapping, and machine learning, the platform provides insights into customer behavior, predicts future actions, and identifies potential churn. ODAIA simplifies data ingestion and normalization from various sources, offering an intuitive dashboard for visualizing insights and predictions. The company was established by a team of academics and industry professionals, including members from the University of Toronto and the University of Lausanne, whose research has been widely recognized in the field.

Proof

Pre Seed Round in 2019
Proof Data Technology, Inc designs and develops workflow management software. The company provides solutions to streamline the workflow process in an organization. It offers collaboration, process automation, and support management solutions for the government. The company was founded in 2017 and is headquartered in Whitehorse, Yukon Territory, Canada.

Looka

Series A in 2018
Looka Inc. operates an AI-powered platform that enables businesses to design their own logos through an algorithm, facilitating the creation of professional-quality logos and brand identities. Founded in 2016 and based in Toronto, Canada, Looka provides users with ready-to-go files suitable for both print and digital applications. The platform employs proprietary machine and deep learning models, allowing entrepreneurs to conveniently and affordably bring their brand to life with visually appealing designs. Originally known as Logojoy Inc., the company rebranded to Looka Inc. in January 2019, reflecting its commitment to enhancing the design experience for users.

HumanFirst

Seed Round in 2018
HumanFirst is a conversational artificial intelligence that helps companies in their transactions. It helps companies leverage their B2C conversations by transforming their raw conversational data into high-quality labelled data at scale to create business value. HumanFirst integrates with platforms like Zendesk, Intercom, Drift, Live Chat, Front, SMS, WhatsApp, messenger to name a few. It was founded in 2017 and is headquartered in Montreal, Quebec.

Metaspectral

Pre Seed Round in 2018
Compression.ai is an information technology company that specializes in the fields of machine learning and web services. The company has developed encoding and decoding capability for images using machine learning, which achieves on-average about 95% compression rates of a raw image without significantly losing its quality.

DemandHub

Venture Round in 2018
Developer of a customer communication platform intended to get more reviews, book more appointments and get more customers through text messaging. The company's platform provides search engine optimization to assist business organizations in gathering reviews and feedback from customers and improve ranking in local search, enabling clients to get noticed by target customers leading to improved business decisions and improved customer experience.

KitchenMate

Seed Round in 2018
Reshaping your food experience with the only automated restaurant for your workplace. Stay safe, stay on-site with real food, cooked anytime powered by our plug-&-play Smart Cooking System.

Deskree

Pre Seed Round in 2015
Deskree is an online collaboration platform for managing tasks, ideas, and issues
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