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

Past deals in Toronto

Deskree

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
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