Thin Air Labs

Thin Air Labs is an innovation and investment company founded in 2018 and based in Calgary, Canada. Comprising a team of seasoned entrepreneurs, investors, designers, and community leaders, the firm focuses on venture capital investments in Calgary-based companies. It targets firms operating in various sectors, including business-to-business services, commercial services, healthcare, gaming, and technology, primarily within North America. Thin Air Labs aims to support and foster the growth of innovative businesses in its local ecosystem.

Raghu Bharat

CEO and General Partner

Rick Bird

CEO and General Partner

Jim Gibson

Co-Founder and Partner

Greg Hart

Partner

James Lochrie

Managing Partner

Crystal Phillips

Vice President

17 past transactions

PayShepherd

Seed Round in 2022
PayShepherd is a fintech platform that specializes in contractor billing management, specifically tailored for the construction industry. Its cloud-based software helps businesses monitor and control project costs by detecting overbilling and identifying billing errors in real-time. This ensures accurate billing and fosters effective communication between facilities and contractors, promoting fair pay practices. By generating comprehensive reports, PayShepherd enables users to resolve billing discrepancies quickly, facilitating faster payment turnaround and enhancing cash flow reliability. The platform aims to eliminate costly overages and improve overall financial management in construction projects.

Rehabtronics

Venture Round in 2021
Rehabtronics is a technology development firm that focuses on solutions for physical rehab.

PhenoTips

Seed Round in 2021
PhenoTips is a computer software company that provides solution for clinical genetics, phenotyping, and human phenotype ontology. It offers smart software solutions streamlined for clinical use that can be integrated with existing electronic health records. The company was founded in 2014 and headquartered in Ontario, Canada.

Fluid Biomed

Seed Round in 2021
Fluid Biomed Inc. is a Calgary-based company that specializes in the development of innovative implantable vascular stents aimed at enhancing patient well-being. Established in 2012, the company focuses on creating a stent designed to gently divert blood flow away from brain aneurysms, facilitating their healing process. Through its commitment to innovation, Fluid Biomed seeks to improve health outcomes and overall quality of life for patients.

True Angle

Seed Round in 2021
At True Angle, we want to help people break perceived barriers, feel great, and find joy in the life they are living. For people who have lost the ability to eat because of a swallowing disorder, the Mobili-T is the first mobile device that they will actually be able to take home with them so that they can complete their exercises wherever and whenever they like, all through an engaging app that provides feedback on how hard and how long their muscles are contracting, and how close they are to meeting the specific targets set for them by our “smart” software. True Angle Medical Technologies is an Alberta-based privately held corporation located in Edmonton, Alberta, Canada.

Tactile Orthopaedics

Venture Round in 2021
Developer of engineered materials designed to replicate knee anatomy, along with the tactile feel of bones and soft tissue, to train operating skills. The company's products include bone simulation material which is a bone model designed to feel like real bone, it is used in the training of orthopedic surgeons, enabling surgeons to experience surgical training without worrying about the risk of cadavers or danger to patients.

Fillip

Venture Round in 2020
Fillip is a mobile application for the fuel and convenience store industry reducing the cost of high volume, low margin transactions, increasing margins for retail owners. The Fillip platform brings innovation to the retail industry with price lock and fuel subscriptions, loyalty and contactless payments with the Fillip Digital Wallet.

Arbor

Seed Round in 2020
Arbor is a software platform that makes shopping sustainably as simple as possible. By providing highly accurate and unbiased data on companies across the globe, such as environmental responsibility, labor practices, and hiring diversity, Arbor empowers everyday consumers with peace of mind, aligning their purchases with their own personal values.

Athennian

Series A in 2020
Paper integrates all the services you need to manage your contract operations in one place. From digital signature to approval workflows. No extra subscriptions or clunky software.

Orpyx

Series A in 2020
Orpyx Medical Technologies Inc. specializes in the development of mobility sensor devices aimed at diabetic patients. The company's flagship product, the Orpyx SI sensory insoles, utilizes advanced sensor technology to monitor pressure, temperature, and movement, thereby aiding in the management and prevention of diabetic foot ulcers and limb loss. In addition to the insoles, Orpyx offers Kinetyx, a mobile in-shoe pressure management system that collects clinical plantar pressure data for applications in sports medicine, therapeutic interventions, and footwear design. Another product, SurroGait Rx, is designed to enhance mobility and balance for multiple sclerosis patients suffering from loss of protective sensation in their feet. Founded in 2010 and headquartered in Calgary, Canada, Orpyx Medical Technologies is committed to empowering individuals with diabetes to maintain their mobility while promoting a prevention-focused healthcare approach.

Bidali

Venture Round in 2020
Bidali is a payment platform that facilitates next-generation payments for businesses of all sizes, enabling them to accept digital currencies. The platform employs proprietary blockchain technology to enhance security and inclusivity in the financial system. It provides developer-friendly APIs and e-commerce plugins for seamless integration of digital currency payments into applications and websites. Additionally, Bidali offers a mobile wallet that allows users to easily send, receive, and store cryptocurrencies. Users can also purchase gift cards for online and in-store transactions, with cashback incentives that can be reinvested in further purchases. This approach helps businesses increase sales while reducing fraud risks associated with traditional payment methods.

Syantra

Venture Round in 2020
Syantra is a precision healthcare company specializing in the commercialization of blood tests for breast cancer detection. The company develops innovative screening tools that utilize a blood-based assay, incorporating a novel suite of biomarkers alongside proprietary algorithms generated by artificial intelligence. These technologies facilitate early detection and diagnosis of cancer, providing healthcare providers with a comprehensive solution for assessing breast cancer risk. By focusing on precision medicine, Syantra aims to enhance the accuracy and effectiveness of cancer diagnostics.

Garden Loft

Venture Round in 2020
Garden Loft specializes in the manufacturing of prefabricated living units designed to enhance the independence of individuals with differing abilities, including elderly parents. These stand-alone residential units are equipped with both physical and digital support systems, allowing residents to maintain a level of autonomy while ensuring that they receive the necessary attention and care. By providing a separate living space, Garden Loft offers a viable alternative to traditional retirement homes or long-term care facilities, enabling older adults to age at home with the privacy they desire and the support they need.

Nimble Science

Venture Round in 2019
Developer of a health technology company delivering precision datasets from the gastrointestinal tract leveraging a capsule sampling technology and creating a paradigm shift in how GI health is diagnosed and treated. The company's product enables passive sampling of small bowel luminal fluid to leverage intestinal data to provide insights, enabling healthcare providers with direct sampling and analysis of targeted regions of the gastrointestinal tract.

Liveweb

Venture Round in 2019
liveweb provides customer sales and service teams with a complete set of integrated communication tools and analytics.

Athennian

Venture Round in 2017
Paper integrates all the services you need to manage your contract operations in one place. From digital signature to approval workflows. No extra subscriptions or clunky software.

True Angle

Venture Round in 2017
At True Angle, we want to help people break perceived barriers, feel great, and find joy in the life they are living. For people who have lost the ability to eat because of a swallowing disorder, the Mobili-T is the first mobile device that they will actually be able to take home with them so that they can complete their exercises wherever and whenever they like, all through an engaging app that provides feedback on how hard and how long their muscles are contracting, and how close they are to meeting the specific targets set for them by our “smart” software. True Angle Medical Technologies is an Alberta-based privately held corporation located in Edmonton, Alberta, Canada.
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