Bluesky Equities

Bluesky Equities Ltd. is a private equity and venture capital firm based in Calgary, Canada, founded in 2003. The firm specializes in investing in lower middle market and early-stage companies, focusing on sectors such as energy, technology, real estate development, and B2B SaaS. Bluesky Equities engages in a variety of investment strategies, including growth capital, strategic acquisitions, and alternative investments. It also provides mezzanine and bridge financing, and typically takes minority and non-controlling stakes in its investments. The firm primarily targets opportunities in Canada and has diversified holdings that include energy, real estate, and technology ventures.

Derrick Hunter

President and CEO

38 past transactions

Wisedocs

Series A in 2024
Wisedocs provides a machine-learning software platform for reviewing medical records used by insurance, legal, and independent medical evaluation firms. The platform helps organizations organize and interpret unstructured medical data, supporting auto, liability, disability, workers’ compensation, tort law, and related markets. It offers easy integration and features such as automated indexing, duplication detection, and custom tools to streamline back-office document processing, improve accuracy, and increase efficiency in medical record handling.

ZayZoon

Series B in 2023
Founded in 2014, ZayZoon offers an earned wage access platform that enables employees to access their earned funds before payday. This service helps reduce financial stress and promotes better economic well-being.

ResVR

Pre Seed Round in 2023
ResVR is a B2B Proptech company that specializes in providing software solutions for small and medium-sized home builders. Their core product is a 3D imaging technology that digitizes home drawings and integrates them into a customizable software platform. This allows builders and homebuyers to visualize and customize home designs, enabling more efficient processes, cost savings, and improved customer satisfaction.

Nimble Science

Seed Round in 2023
Nimble Science Ltd. is a digital health company focused on revolutionizing gastrointestinal (GI) health through its innovative SIMBA capsule technology. This end-to-end platform facilitates multi-omic mapping of the GI tract, allowing for the passive sampling of small bowel luminal fluid. By leveraging this advanced sampling method, Nimble Science provides precision datasets that offer valuable insights into GI health, thereby transforming the diagnosis and treatment of gastrointestinal conditions. The company's approach enables healthcare providers to directly sample and analyze targeted regions of the GI tract, marking a significant advancement in the understanding and management of GI health.

Ownly

Seed Round in 2022
Ownly is a real estate technology company that provides buyer verification and digital transaction tools for the home buying market. The platform lets buyers securely confirm their identities and purchasing power in minutes. It also develops tools to streamline the purchase process for builders and buyers, including lead capture and conversion systems, automated reservation and deposit tracking, real-time inventory and pricing with CRM integration, and buyer behavior analytics and personalization. These capabilities help real estate developers manage sales pipelines more efficiently, reduce manual processes, and improve decision-making.

Provision Analytics

Venture Round in 2022
Provision Analytics Inc., founded in 2018 and headquartered in Calgary, Canada, specializes in cloud-based solutions for food safety management. The company provides software designed for food processors and manufacturers, streamlining food safety processes by automating data input and recall procedures. This technology connects detailed process data with production outcomes, enabling the generation of analytics that help minimize food loss and improve quality control. By enhancing traceability and tracking throughout the supply chain, Provision Analytics supports the food industry in ensuring safety and compliance.

Userful

Venture Round in 2022
Userful is a global provider of AV as a Service (AVaaS), offering a unified software platform for advanced operations in mission-critical environments. Serving IT organizations worldwide, Userful's platform enables comprehensive organizational awareness and readiness for Industry 4.0. It reduces total cost of ownership by eliminating proprietary hardware and operational silos, supporting over 100 countries with customers across various sectors.

Reach

Series A in 2022
Reach is a payment platform that simplifies how businesses sell cross-border. We combine dynamic checkout, intelligent routing, and Merchant of Record local acquiring to offer you the most cost-effective way to sell to global customers. Reach was established in 2015 by Sam Ranieri in Calgary, Alberta.

HonestDoor

Seed Round in 2022
HonestDoor Inc. is a Canadian company based in Edmonton that operates a real estate website aimed at facilitating the buying and selling of properties. Incorporated in 2017, the company utilizes advanced big data and predictive analytics to provide users with estimated values of homes. Its platform enhances transparency in the real estate market by offering a range of data, including selling prices, neighborhood growth rates, annual property taxes, permit information, and transaction histories. Additionally, HonestDoor employs a machine learning valuation model that delivers daily updated price estimates for properties. This comprehensive approach enables buyers and sellers to engage in real estate transactions with confidence, minimizing the risks of overpricing or underpricing.

Validere

Series B in 2022
Validere Technologies Inc. is a Toronto-based company that specializes in providing critical information about liquids through innovative measurement, reporting, and verification solutions. Founded in 2015, Validere develops portable devices, including the Validere Identifier, which assesses the hazardous nature of liquids by referencing a comprehensive library. Additionally, the company offers EDGE Connect, a platform that facilitates secure connections between buyers and sellers, enabling the discovery of arbitrage opportunities. Validere's main focus is on liquid fingerprinting, industrial process monitoring, and optimizing logistics within the energy sector. By delivering accessible and verifiable testing data, Validere aids organizations in making informed business decisions and enhances the accuracy of crude oil testing, ensuring accountability and quality across operations. The company's expertise in emissions management and tracking further positions it as a valuable partner for energy companies seeking to improve their financial and environmental performance.

StellarAlgo

Series A in 2021
StellarAlgo is a cloud-based data platform for sports and entertainment organizations. It helps clients organize, analyze, and leverage data from live audiences and fans to inform business decisions and enhance experiences. The platform uses machine learning to make data actionable, supporting cohesive, data-driven decision making. It enables rapid, cost-effective organization and analysis of data needed to improve engagement and outcomes for properties such as sports teams, venues, museums, and concerts. The company is based in Calgary, Canada.

Interface Fluidics

Series B in 2021
Interface Fluidics is an international technology company specializing in innovative reservoir fluid analysis services. Utilizing proprietary nanofluidic technology, the company helps energy industries better understand their reservoirs, enabling more confident production decisions.

Groopit

Pre Seed Round in 2021
Groopit is an enterprise collaboration platform that crowdsources data from employees to address complex business problems. The solution integrates with common enterprise tools such as Slack, Microsoft Teams, Salesforce, Tableau, Power BI, and SharePoint, enabling seamless data capture and cross-functional visibility across the organization. It enables employees to report information via mobile devices and supports multi-group deployments, API-based integrations with enterprise systems, and scalable data management. By combining directive input with timely data, Groopit helps leaders align teams, improve decision making, and accelerate results in real time. The platform emphasizes data governance and transparency, allowing organizations to bring together people, data, and insights to drive coordinated action.

JITbase

Seed Round in 2021
JITbase develops software for smart manufacturing that optimizes machinist activities on the shop floor. It proactively manages CNC machines, enhancing uptime and decision-making.

Fluid Biomed

Seed Round in 2021
Fluid Biomed is a medical device start-up specializing in the development of an innovative implantable dissolving stent aimed at treating brain aneurysms. Founded by a team of neurosurgeons, the company focuses on enhancing patient outcomes by offering a bio-absorbable polymer-based flow-diverting stent that gently redirects blood flow to facilitate the healing of weakened blood vessels. This advanced medical device is designed to minimize the need for invasive procedures, allowing physicians to efficiently and effectively treat patients while reducing the risk of stroke. Through its pioneering approach, Fluid Biomed is poised to contribute significantly to the field of neurosurgery and improve the quality of care for individuals with brain aneurysms.

Pockyt

Seed Round in 2021
Pockyt facilitates global payments by integrating various international payment methods for businesses, supporting both online and in-store transactions.

Arbor

Seed Round in 2020
Arbor is a carbon accounting platform that enables businesses to calculate and reduce emissions efficiently. It offers automated Product Carbon Footprinting (PCF) to compute emissions across product lifecycles, identify emission hotspots, and optimize product designs for reduced emissions.

Athennian

Series A in 2020
Athennian streamlines contract management by integrating essential services into a single platform. This includes digital signature and approval workflows, eliminating the need for additional subscriptions or complex software.

DrugBank

Seed Round in 2020
DrugBank is a leading provider of pharmaceutical knowledge databases. It offers an extensive suite of products powered by the world's most comprehensive and up-to-date drug information. The company enables businesses to enhance healthcare delivery through precision medicine and clinical software applications, while also facilitating drug discovery through data science. DrugBank's structured datasets are used for uncovering novel drug candidates, identifying repurposing opportunities, and building predictive machine learning models. Additionally, DrugBank Online, a publicly available resource, offers limited datasets for academic and non-commercial researchers.

SensorUp

Series A in 2020
SensorUp is a Calgary-based company that develops and operates an Internet of Things platform for connecting devices, data, and applications. The SensorUp platform provides sensor data, analytics, and mapping APIs that enable IoT devices to interoperate with the SensorUp Cloud and with third-party web applications. The company offers an open and unified approach to interconnect IoT components across networks, allowing enterprises to aggregate data from multiple systems and transform it into actionable insights. Its Smart Cities Starter Kit focuses on air quality monitoring, while its broader platform supports movement intelligence and operational visibility for asset-heavy industries. The platform uses data analytics and artificial intelligence to rapidly collect and analyze IoT data for monitoring and decision-making, including emissions-related initiatives such as methane detection and repair to support compliance with reporting standards. SensorUp's offerings aim to improve safety, productivity, and efficiency by enabling connected workers and automated workflows across industries.

HonestDoor

Seed Round in 2020
HonestDoor Inc. is a Canadian company based in Edmonton that operates a real estate website aimed at facilitating the buying and selling of properties. Incorporated in 2017, the company utilizes advanced big data and predictive analytics to provide users with estimated values of homes. Its platform enhances transparency in the real estate market by offering a range of data, including selling prices, neighborhood growth rates, annual property taxes, permit information, and transaction histories. Additionally, HonestDoor employs a machine learning valuation model that delivers daily updated price estimates for properties. This comprehensive approach enables buyers and sellers to engage in real estate transactions with confidence, minimizing the risks of overpricing or underpricing.

AltaML

Series A in 2019
AltaML is a Canadian company specializing in artificial intelligence and machine learning solutions that assist business leaders in leveraging technology to enhance competitive advantage. With offices in Edmonton, Calgary, and Toronto, AltaML develops software applications that identify key insights and address complex business challenges. The company's offerings focus on creating efficiencies, mitigating risks, and driving revenue growth for organizations. By combining machine learning capabilities with domain expertise, AltaML enables businesses to implement effective use cases that deliver measurable results and positively impact their bottom line.

G2V Optics

Seed Round in 2019
Founded in 2015, G2V Optics specializes in manufacturing LED solar simulators and commercial lighting automation products for scientific research, vertical farming, and industrial applications. Its product offerings include horticulture lighting systems designed to improve yield, quality, and operating costs.

INGU

Series A in 2019
INGU specializes in transforming pipeline inspection for the oil and gas sector. It offers a self-serve inspection model that significantly reduces costs by using miniature, multi-sensor Pipers® technology capable of inspecting pipelines as small as 2 inches in diameter. This approach enables more frequent inspections across all assets, providing clients with continuous access to up-to-date condition-critical data for optimized planning and decision-making.

Nimble Science

Venture Round in 2019
Nimble Science Ltd. is a digital health company focused on revolutionizing gastrointestinal (GI) health through its innovative SIMBA capsule technology. This end-to-end platform facilitates multi-omic mapping of the GI tract, allowing for the passive sampling of small bowel luminal fluid. By leveraging this advanced sampling method, Nimble Science provides precision datasets that offer valuable insights into GI health, thereby transforming the diagnosis and treatment of gastrointestinal conditions. The company's approach enables healthcare providers to directly sample and analyze targeted regions of the GI tract, marking a significant advancement in the understanding and management of GI health.

Mikata Health

Seed Round in 2019
Mikata Health is a digital health company that facilitates collaboration between patients and healthcare providers. Its platform aims to streamline primary care by offering convenient appointment scheduling, personalized reminders, and follow-up communication, thereby reducing administrative burdens on doctors and improving patient engagement.

Athennian

Seed Round in 2019
Athennian streamlines contract management by integrating essential services into a single platform. This includes digital signature and approval workflows, eliminating the need for additional subscriptions or complex software.

Decisive Farming

Series B in 2019
Decisive Farming Corp. is a provider of information technology solutions for the farming industry in Western Canada, established in 2011 and headquartered in Irricana, Canada. The company offers a range of services including Optimize-RX, which utilizes variable rate technology for precision agronomy in fertility, seeding, fungicide application, and top dressing. Additionally, it provides Sure-Check for soil testing, Know-Risk, a farm management and crop marketing program, and My Farm Manager to assist with precision agronomy, crop management, and risk management. Decisive Farming empowers clients to make informed decisions regarding soil fertility, crop marketing, risk management, and data management, while also facilitating participation in carbon credit initiatives.

Chata.ai

Seed Round in 2019
Chata.ai specializes in end-to-end data architecture services. It consolidates diverse data sources, integrates with systems like ERP and SAP, and provides unified insights to eliminate 'data islands'. The company offers proactive real-time alerts on key metrics and enables users to explore complex data through natural language queries. Chata.ai focuses on efficiency and scalability, offering seamless integration through open APIs and reducing operational costs by up to 99.8% compared to traditional models.

Brizi

Seed Round in 2018
Founded in 2014, Brizi develops remote-control augmented reality camera systems that automate and monetize fan content. It serves real-time sharing, social sharing, brand messaging, and end-to-end control applications for indoor and outdoor venues globally.

Spocket

Seed Round in 2018
Spocket is a subscription-based wholesale marketplace that connects drop-ship suppliers with online retail entrepreneurs, facilitating the dropshipping model. Utilizing machine learning, Spocket aims to transform the dropshipping market by eliminating the need for retailers to hold inventory, thereby reducing upfront costs and allowing over 20,000 entrepreneurs across five continents to launch and scale their online stores. The platform provides tools for creating digital stores, engaging with other users, and selling products through a mobile application, enabling retailers to discover and ship products from global suppliers and automate their e-commerce operations. By addressing the significant issue of inventory distortion, Spocket seeks to empower online retailers to compete effectively in the market.

Athennian

Angel Round in 2018
Athennian streamlines contract management by integrating essential services into a single platform. This includes digital signature and approval workflows, eliminating the need for additional subscriptions or complex software.

Socivolta

Seed Round in 2018
SociVolta is a provider of energy management systems and services that specializes in power market operations and inter-jurisdictional electricity scheduling. Their energy management systems provide them with the data and insights needed to make better decisions.

Nobal Technologies

Convertible Note in 2017
Founded in 2008, Nobal Technologies specializes in developing hardware display screens for various industries. Its flagship product, iMirror, is a customizable user experience and interface solution designed to enhance customer engagement across multiple sectors.

Passportal

Venture Round in 2017
Passportal Inc. is a Canadian company based in Calgary that specializes in document management software designed for information security service providers. Founded in 2011, the company offers its cloud-based platform, Ocular, which facilitates automated password protection and simplifies the management and retrieval of passwords and documentation from any connected device. Passportal's solutions are tailored specifically for managed service providers (MSPs) and include a suite of additional products such as Docs, Blink, and Site, which aid in compliance with industry regulations and enhance protection against data breaches and cyber security threats. As of April 2019, Passportal operates as a subsidiary of SolarWinds Corporation.

Showbie

Seed Round in 2016
Showbie is a comprehensive digital classroom platform that streamlines workflow for educators and students. It combines essential tools for assignments, feedback, and communication in one user-friendly interface. Showbie enables teachers to provide rich, differentiated feedback, fosters student collaboration through file sharing, and facilitates teacher-parent engagement via group discussions. With over 3 million users worldwide, it is recognized for its ease of use and positive impact on learning outcomes.

Granify

Series A in 2015
Granify Inc. is an Edmonton-based company that offers a Software-as-a-Service solution aimed at maximizing sales for online retailers. The Granify platform leverages big data and machine learning technologies to analyze shopper behavior, including their journey and interactions on e-commerce sites. By monitoring factors such as mouse movements and hesitations, Granify can identify potential objections and automatically deliver targeted messages to address shoppers' concerns, thereby increasing the likelihood of completing a sale. The solution is compatible with various e-commerce platforms, including custom-built sites. Incorporated in 2011, Granify operates at the intersection of artificial intelligence and e-commerce, striving to enhance revenue optimization for retailers through real-time analytics and predictive insights.

Unata

Seed Round in 2015
Unata Inc. is a Toronto-based company founded in 2009 that specializes in providing a marketing and analytics platform tailored for the grocery retail sector. The company's platform facilitates the integration of a retailer's loyalty and customer relationship management systems with various digital channels, creating a personalized and real-time customer experience. By leveraging machine learning technology, Unata enhances the shopping experience by offering relevant product recommendations and personalized offers based on individual purchase histories. Its solution connects multiple digital touchpoints—including e-commerce, mobile applications, email, and in-store experiences—allowing retailers to track customer interactions and behaviors effectively. As a subsidiary of Maplebear Inc., Unata aims to simplify and enrich the grocery shopping journey, fostering customer loyalty and increasing spending by providing seamless access to deals, rewards, and shopping aids.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.