# Capital 49: portfolio, investments and team

> Capital 49 is a vc firm based in United States. 2 investments on record, latest Aug 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/capital49 (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Capital 49

Filed with the SEC to raise a fund in Dec 2025, closing $7M. Last cheque observed Aug 2025.

Email

VC firm Quiet New fund $7.0M, Dec 2025

Series A Fintech E-commerce Artificial Intelligence

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **455** days **00** hrs **00** min **00** sec

Median round **$35M** Rounds led **0 of 2**

Pitch Capital 49

## Capital 49 highlights

- 01 2 rounds on record
- 02 Mostly Series A: 100% of its rounds

## What they do

> Capital 49 is a venture fund backed by the founders of Airwallex. We work with exceptional founders building exceptional products in fintech, artificial intelligence and e-commerce. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Sectors:** Fintech E-commerce Artificial Intelligence
- **Based in:** New York, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2025** 2 rounds
- **Aug** **[Lorikeet](https://millionrounds.com/company/lorikeet)** Series A · AU · QED Investors **$35M** With 9 others
- **Jun** **[Campfire](https://millionrounds.com/company/campfire)** Series A · US · TechCrunch **$35M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

CC **Christopher Cheng** Director i Filing they signed

JZ **Jack Zhang** Director i Filing they signed

We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$7.0M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Capital 49 Investment Management Limited
- **SEC number:** CRD 340338

## What they claim to have backed

From their own portfolio page (on their website)

**7** of 12 we have independently watched raise

[11x](https://millionrounds.com/company/11x)[Avoca](https://millionrounds.com/company/avoca)[Finway](https://millionrounds.com/company/finway)[Openborder](https://millionrounds.com/company/openborder)[Rutter](https://millionrounds.com/company/rutter)[Skuad](https://millionrounds.com/company/skuad)[Wayflyer](https://millionrounds.com/company/wayflyer) Lorikeetcx Meetcampfire Traildsoftware Trykintsugi Unifygtm

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

New fund on file

**$7.0M**

raised in Dec 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series A

Median round joined **$35M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Aug 2025

Rounds by stage said on their site

- Series A *2*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Capital 49 put money into.

[**Campfire** $35M · Jun 2025](https://millionrounds.com/company/campfire)

## Quick answers about Capital 49

### What does Capital 49 invest in?

Capital 49 invests most often at Series A (100% of the rounds on record), in sectors such as Fintech, E-commerce and Artificial Intelligence.

### How active is Capital 49?

2 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2025.

### What has Capital 49 invested in recently?

Its most recent investments on record: Lorikeet (Series A, Aug 2025) and Campfire (Series A, Jun 2025).

### How big are Capital 49's cheques?

The median round it joins is $35M.

### Is Capital 49 investing now?

No investments in the last 12 months; the latest was in Aug 2025.

### What kind of investor is Capital 49?

Capital 49 is a VC firm based in New York, United States.

### How much does Capital 49 manage?

About $7.0M, as gross assets of its private funds (Oct 2026).

### Has Capital 49 raised a new fund?

Its latest fund filing with the SEC was in Dec 2025, reporting $7.0M raised.

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