# N1: portfolio, investments and team

> N1 is a vc firm based in Luxembourg. 134 investments on record, 27 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/n1 (Millionrounds; every figure on the page links to its filing or article)

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

# N1

Last cheque observed Sep 2026; 134 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A AI Healthtech Frontier Tech

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Deploying now

**79%** of best year **27** **cheques in 12 months**, 134 on record

Since the last cheque **58** days **00** hrs **00** min **00** sec

Median round **$1.4M** Cheque size, as they say **$100K – $1.0M** Rounds led **0 of 134** Sole investor **25 rounds** Exits **1 from the portfolio** Mostly in **United Kingdom, 36%**

Pitch N1

## N1 highlights

- 01 27 cheques in the last 12 months
- 02 Mostly Seed and Pre-seed: 61% of its rounds
- 03 Sole investor in 25 rounds, median $1.1M
- 04 1 exits from the portfolio

## What they do

> N1 Ventures is an early-stage VC partnering with bold founders in AI, healthtech, and frontier tech. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $1.0M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** AI Healthtech Frontier Tech
- **Based in:** Luxembourg, Luxembourg
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **134 appearances**

- **2026** 21 rounds
- **Sept** **[Pearler](https://millionrounds.com/company/pearler)** Series A · AU · Portage **$16M** With 6 others
- **Sept** **[Ki 13](https://millionrounds.com/company/ki-13)** Seed · GB · Carbon13 **$5.0M** With 7 others
- **Sept** **[Pure Capture Innovations](https://millionrounds.com/company/pure-capture-innovations)** Pre-seed · GB **$718K** With 4 others
- **Aug** **[Mundo AI](https://millionrounds.com/company/mundo-ai)** Series A · US **$20M** With 3 others
- **Aug** **[Climingo](https://millionrounds.com/company/climingo)** Pre-seed · GB · Carbon13 **$394K** With 3 others
- **Aug** **[bowerlabs.ai](https://millionrounds.com/company/bowerlabs-ai)** Pre-seed **$1.4M** Sole investor
- **Aug** **[HexSeed Technology](https://millionrounds.com/company/hexseed-technology)** Pre-seed · GB **$812K** With 2 others
- **Jul** **[ObriyAI](https://millionrounds.com/company/obriyai)** Grant · UA **$500K** With 1 other
- **Jun** **[Flyweel](https://millionrounds.com/company/flyweel)** Pre-seed · AU · Startup Daily **$2.4M** With 6 others
- **Jun** **[Astracite](https://millionrounds.com/company/astracite)** Pre-seed · BE **$871K** With 1 other
- **Jun** **[NotiPark](https://millionrounds.com/company/notipark)** Pre-seed · FR **$2.0M** With 1 other
- **May** **[Coachbetter](https://millionrounds.com/company/coachbetter)** Seed · CH **$8.2M** With 2 others
- **May** **[Flick.art](https://millionrounds.com/company/flick-art)** Venture · US **Undisclosed** With 4 others
- **Apr** **[ObriyAI](https://millionrounds.com/company/obriyai)** Pre-seed · UA **$500K** With 1 other
- **Apr** **[Fermtech](https://millionrounds.com/company/fermtech)** Seed · GB · Firms' own news pages **$3.3M** With 3 others
- **Mar** **[Cocoon](https://millionrounds.com/company/cocoon)** Series A · US **$15M** With 2 others
- **Feb** **[Appetise](https://millionrounds.com/company/appetise)** Series A · NZ · Startup Daily **$7.0M** With 5 others
- **Jan** **[AutoGrab](https://millionrounds.com/company/autograb)** Series B · AU · Startup Daily **$80M** With 5 others
- **Jan** **[Recycle Roots](https://millionrounds.com/company/recycle-roots)** Venture · GB **Undisclosed** With 1 other
- **Jan** **[Modeinspect](https://millionrounds.com/company/modeinspect)** Seed · US **$3.4M** With 4 others
- **Jan** **[TetraxAI](https://millionrounds.com/company/tetraxai)** Pre-seed · ES **$1.4M** With 2 others
- **2025** 34 rounds
- **Dec** **[Future Greens](https://millionrounds.com/company/future-greens)** Seed · GB **$456K** With 3 others
- **Nov** **[Novoflow](https://millionrounds.com/company/novoflow)** Seed · US **$3.1M** With 1 other
- **Nov** **[Paratus Health](https://millionrounds.com/company/paratus-health)** Venture · US **Undisclosed** With 1 other
- **Nov** **[Freya Voice](https://millionrounds.com/company/freya-voice)** Seed · US **$3.5M** With 2 others
- **Nov** **[Limetrack](https://millionrounds.com/company/limetrack)** Debt · GB **$1.3M** With 2 others
- **Nov** **[Lambda Quantech Ltd](https://millionrounds.com/company/lambda-quantech-ltd)** Grant · GB **$118K** With 4 others
- **Oct** **[Nina Energy](https://millionrounds.com/company/nina-energy)** Pre-seed · EC **$268K** With 1 other
- **Oct** **[Carbon Cell](https://millionrounds.com/company/carbon-cell)** Grant · GB **$35K** With 4 others
- **Oct** **[Every Health](https://millionrounds.com/company/every-health)** Seed · DE **$1.3M** With 1 other
- **Sept** **[17Cicada](https://millionrounds.com/company/17cicada)** Crowdfunding · US **$32K** With 1 other
- **Sept** **[Myriad AI](https://millionrounds.com/company/myriad-ai)** Seed · US **$7.8M** With 2 others
- **Aug** **[OneMRI](https://millionrounds.com/company/onemri)** Seed · AU · Startup Daily **$2.5M** With 10 others
- **Aug** **[Heaps Normal](https://millionrounds.com/company/heaps-normal)** Venture · AU **Undisclosed** With 3 others
- **Aug** **[Ki 13](https://millionrounds.com/company/ki-13)** Venture · GB **Undisclosed** With 2 others
- **Jul** **[Everlab](https://millionrounds.com/company/everlab)** Seed · AU · Startup Daily **$10M** With 5 others
- **Jul** **[Hoopsy](https://millionrounds.com/company/hoopsy)** Venture · GB **$272K** With 1 other
- **Jul** **[Liki24](https://millionrounds.com/company/liki24)** Series A · UA **$9.0M** With 2 others
- **Jun** **[Hotdog Gaming](https://millionrounds.com/company/hotdog-gaming)** Seed · GB **$5.0M** Sole investor
- **Jun** **[Kestrix](https://millionrounds.com/company/kestrix)** Seed · GB **$136K** With 3 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

We 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 they claim to have backed

From their own portfolio page (on their website)

**1** of 1 we have independently watched raise

[Novoflow](https://millionrounds.com/company/novoflow)

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.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Clipchamp](https://millionrounds.com/company/clipchamp)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Sept 2021

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.4M** the round, not its cheque Alone, median **$1.1M**

Led 0 of 134 rounds **0%**

- **Said size:** $100K – $1.0M
- **Sole investor:** 25 rounds
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *48*
- Pre-seed said *31*
- Venture *28*
- Series A said *14*
- Grant *5*
- Series B said *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Carbon13](https://millionrounds.com/fund/carbon13) 39
- [Innovate UK](https://millionrounds.com/fund/innovate-uk) 11
- [Flying Fox Ventures](https://millionrounds.com/fund/flying-fox-ventures) 7
- [SFC Capital](https://millionrounds.com/fund/sfc-capital) 7
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 7
- [Archangel Ventures](https://millionrounds.com/fund/archangel-ventures) 6

**Pitching N1?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as N1. A count of rooms they were both in, not a relationship either has claimed.

[**Carbon13** Accelerator **39** rounds together](https://millionrounds.com/fund/carbon13)[**Innovate UK** VC firm **11** rounds together](https://millionrounds.com/fund/innovate-uk)[**Flying Fox Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/flying-fox-ventures)[**SFC Capital** Angel network **7** rounds together](https://millionrounds.com/fund/sfc-capital)[**Y Combinator** Accelerator **7** rounds together](https://millionrounds.com/fund/y-combinator)[**Archangel Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/archangel-ventures)[**TEN13** VC firm **5** rounds together](https://millionrounds.com/fund/ten13)[**Depo Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/depo-ventures)[**MassChallenge** Accelerator **4** rounds together](https://millionrounds.com/fund/masschallenge)[**OIF Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/oif-ventures)[**Plug and Play** Accelerator **4** rounds together](https://millionrounds.com/fund/plug-and-play)[**Purple** VC firm **4** rounds together](https://millionrounds.com/fund/purple-laurent-ritter-s-fund)

## Recently backed

The latest companies N1 put money into.

[**Pearler** $16M · Sept 2026](https://millionrounds.com/company/pearler)[**Ki 13** $5.0M · Sept 2026](https://millionrounds.com/company/ki-13)[**Climingo** $394K · Aug 2026](https://millionrounds.com/company/climingo)[**HexSeed Technology** $812K · Aug 2026](https://millionrounds.com/company/hexseed-technology)[**ObriyAI** $500K · Jul 2026](https://millionrounds.com/company/obriyai)[**Flyweel** $2.4M · Jun 2026](https://millionrounds.com/company/flyweel)

## Quick answers about N1

### What does N1 invest in?

N1 invests most often at Seed and Pre-seed (61% of the rounds on record), in sectors such as AI, Healthtech and Frontier Tech.

### How active is N1?

134 investments on record, 27 of them in the last 12 months. The most recent was in Sept 2026.

### What has N1 invested in recently?

Its most recent investments on record: Pearler (Series A, Sept 2026), Ki 13 (Seed, Sept 2026) and Pure Capture Innovations (Pre-seed, Sept 2026).

### How big are N1's cheques?

The median round it joins is $1.4M. It says it writes cheques of $100K to $1.0M.

### Does N1 lead rounds?

Rarely, if at all: none of its 134 investments on record names it as the lead.

### Where does N1 invest?

Most of the companies it backs are in the United Kingdom (36%), the United States (23%) and Australia (15%).

### Is N1 investing now?

Yes: it is actively investing, with 27 investments in the last 12 months.

### Who does N1 invest alongside?

Most often Carbon13 (39 rounds together), Innovate UK (11 rounds together) and Flying Fox Ventures (7 rounds together).

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