Thin Air Labs

Thin Air Labs is a venture capital investment firm established in 2018 and headquartered in Calgary, Canada. The firm focuses on the growth asset class within innovation and technology, specifically targeting Calgary-based companies across various sectors, including business-to-business services, healthcare, gaming, and technology. With a portfolio comprising 24 companies, Thin Air Labs aims to foster venture growth that contributes to significant human impact.

Raghu Bharat

CEO and General Partner

Rick Bird

COO

Jim Gibson

Partner

Greg Hart

Partner

Crystal Phillips

Vice President

31 past transactions

PayShepherd

Seed Round in 2024
PayShepherd is a fintech platform that helps you manage your contractor billing.They ensure that your facility is billed the right amount every time, avoiding overages that can cost you serious money over time. PayShepherd improves communication between facilities and contractors, ensuring pay is fair and accurate for everyone.

Quickly

Seed Round in 2023
Quickly is an online platform that provides early payment and invoicing tools aimed at small and medium-sized businesses. Founded in 2022 and based in Calgary, Alberta, Quickly enables users to upload bills and invoices or create professional invoices tailored to contracts and projects. The platform facilitates a streamlined transactional relationship between buyers and sellers, connecting businesses with capital providers such as banks and institutional lenders. By offering next-day access to verified receivables and simplifying the payment process, Quickly helps businesses enhance cash flow, reduce the uncertainties associated with payment timelines, and foster growth.

Clinify

Seed Round in 2022
Clinify is a centralized healthcare systems aggregator based in Africa, focusing on enhancing operational efficiency for healthcare insurance companies and providers. The company specializes in developing health information management systems that automate various processes within healthcare systems. Clinify offers standardized electronic medical record systems that facilitate the submission of health insurance claims directly to health maintenance organizations (HMOs) while also processing out-of-pocket patient payments. By streamlining claims verification, processing, and payment services, Clinify aims to improve health outcomes for patients and simplify transactions within the healthcare ecosystem.

PayShepherd

Seed Round in 2022
PayShepherd is a fintech platform that helps you manage your contractor billing.They ensure that your facility is billed the right amount every time, avoiding overages that can cost you serious money over time. PayShepherd improves communication between facilities and contractors, ensuring pay is fair and accurate for everyone.

ModalX

Pre Seed Round in 2022
At ModalX, we are solving one of the biggest barriers to AI adoption: AI overwhelm for SMBs. Today, small and medium businesses struggle with too many AI tools, steep learning curves, unclear use cases, and high costs. Most AI solutions require users to master complex prompts, switch between platforms, and figure out which tool works best for each task. That’s broken. ModalX changes the game. We are not just another AI tool—we are an AI operator that understands your business, adapts to your needs, and automates decision-making by combining the power of best LLM's, generative AI tools and agents on one platform

Rehabtronics

Venture Round in 2021
Rehabtronics is a technology development company specializing in medical devices aimed at aiding recovery from neurological injuries, such as strokes and spinal cord injuries. The firm offers a range of rehabilitation products, including intermittent electrical stimulation technology designed to reduce pressure injuries in patients with mobility and sensation deficits. By focusing on innovative solutions, Rehabtronics seeks to enhance the rehabilitation process and improve patient outcomes for those facing significant physical challenges.

PhenoTips

Seed Round in 2021
PhenoTips is a computer software company based in Ontario, Canada, founded in 2014. It specializes in providing solutions for clinical genetics, phenotyping, and human phenotype ontology. The company offers software designed for clinical use that integrates seamlessly with existing electronic health records. PhenoTips' technology aims to enhance diagnostic accuracy and standardize phenotype recording, facilitating the application of genomic medicine in clinical decision-making and diagnosis.

Fluid Biomed

Seed Round in 2021
Fluid Biomed is a medical device start-up dedicated to the development of an innovative implantable dissolving stent specifically designed for the treatment of brain aneurysms. Founded by a team of neurosurgeons, the company aims to enhance patient outcomes by offering a bio-absorbable polymer-based flow-diverting stent that promotes healing and minimizes the need for invasive surgical procedures. This revolutionary device gently redirects blood flow to facilitate the healing of weakened aneurysms, enabling physicians to treat patients efficiently and effectively while reducing the risk of complications such as stroke.

True Angle

Seed Round in 2021
True Angle Medical Technologies, based in Edmonton, Alberta, is focused on improving the quality of life for individuals with swallowing disorders through innovative technology. The company has developed the Mobili-T, a mobile device designed to assist users in performing swallowing exercises at home. This device is complemented by an engaging app that tracks muscle contractions and provides feedback, enabling users to monitor their progress towards specific goals. By addressing essential life functions such as eating and breathing, True Angle aims to support individuals in managing their well-being as they age, ultimately helping them overcome perceived barriers and regain joy in their daily lives.

Tactile Orthopaedics

Seed Round in 2021
Tactile Orthopaedics specializes in developing engineered materials that replicate knee anatomy and mimic the tactile feel of bones and soft tissue. Their innovative platforms, including the arthroscopy dynamic knee platform and the arthroplasty dynamic knee platform, are designed to enhance the training of orthopedic surgeons. Tactile Orthopaedics' products include a bone simulation material that allows for realistic surgical practice, enabling surgeons to refine their skills in a safe environment without the risks associated with cadaver use or potential harm to patients. Through comprehensive clinical and customer input, the company aims to improve surgical training and proficiency in the field of orthopedics.

Cohesic

Venture Round in 2021
Cohesic is a Decision Intelligence company focused on enhancing clinical decision support for chronic disease diagnosis and management, particularly in cardiovascular care. The company's innovative platform leverages data-driven insights to streamline diagnostic workflows and structured reporting, which aids diagnostic test providers and clinicians in improving the efficiency of reporting processes. By reducing medical errors and offering deeper insights into patient health, Cohesic aims to elevate the standard of patient care and empower healthcare professionals in their decision-making.

Tactile Orthopaedics

Venture Round in 2021
Tactile Orthopaedics specializes in developing engineered materials that replicate knee anatomy and mimic the tactile feel of bones and soft tissue. Their innovative platforms, including the arthroscopy dynamic knee platform and the arthroplasty dynamic knee platform, are designed to enhance the training of orthopedic surgeons. Tactile Orthopaedics' products include a bone simulation material that allows for realistic surgical practice, enabling surgeons to refine their skills in a safe environment without the risks associated with cadaver use or potential harm to patients. Through comprehensive clinical and customer input, the company aims to improve surgical training and proficiency in the field of orthopedics.

NanoTess

Non Equity Assistance in 2021
NanoTess is a company specializing in the commercialization of nanotechnology solutions aimed at addressing various health-related challenges. It focuses on developing biocompatible and bio-selective medical products, particularly wound dressings designed for chronic conditions such as diabetic foot ulcers. By leveraging innovative nanotechnology, NanoTess provides healthcare professionals with effective tools to meet unmet medical needs, enhancing treatment options in the health and decontamination sectors.

Bode

Seed Round in 2021
Bōde provides data, support and an innovative platform to help with real estate decisions.

inqli

Seed Round in 2021
inqli operates a knowledge-sharing platform that connects individuals eager to learn with those possessing valuable insights and skills. By providing inclusive, skills-based volunteer opportunities, inqli helps organizations enhance employee engagement, foster diversity, and promote a culture of inclusion. The platform utilizes AI to deliver tailored volunteer experiences, allowing employees to contribute their unique skills while finding personal fulfillment in supporting their communities. This engagement not only aids in the development of leadership qualities among employees but also improves overall organizational measures of diversity, equity, and inclusion. As the demand for effective volunteerism solutions increases, particularly in the context of a digitally-remote workforce, inqli emerges as a crucial resource for fostering meaningful connections and mutual growth within enterprises.

Brightspot

Seed Round in 2021
Brightspot is a company focused on multimodal generative AI, offering an e-learning platform that provides users access to various learning resources and lesson plans. The platform is designed to enhance skills in areas such as time management, communication, and productivity. By equipping employees with these essential competencies, Brightspot enables clients to develop the capabilities necessary to excel in their roles and thrive in rapidly evolving business environments.

Arbor

Seed Round in 2020
Arbor is a carbon accounting platform focused on helping companies calculate and reduce their emissions to achieve net-zero targets. Its automated Product Carbon Footprinting platform allows businesses to efficiently assess carbon footprints throughout the entire lifecycle of their products. Arbor offers features such as Hotspot Analysis, which identifies key contributors to emissions—including materials, suppliers, and activities—and Product Prototyping, which enables strategic testing of product designs to minimize emissions. By leveraging proprietary environmental and societal datasets, Arbor empowers companies to measure, enhance, and demonstrate the sustainability of their products. Its platform has been utilized by notable brands to accurately measure emissions, accelerate their journey to net-zero, and navigate compliance regulations effectively.

Fillip

Venture Round in 2020
Fillip offers a digital fuel and expense management solution that enables businesses to gain comprehensive control over vehicle-related expenditures. Its innovative payment platform allows users to fuel up at various locations while providing real-time monitoring of purchases and simplifying bookkeeping processes. Additionally, Fillip's mobile application transforms smartphones into digital gas cards, allowing businesses to manage payments effectively and implement scheduled controls for their drivers. This approach not only enhances operational efficiency but also provides a secure and cost-saving method for purchasing fuel.

Athennian

Series A in 2020
Athennian is a developer of legal entity management software that streamlines contract operations by integrating essential services such as digital signatures and approval workflows in a single platform. The software automates entity management and facilitates document collaboration using various tools, allowing for efficient workflow management. Athennian also offers rapid migration services to assist clients in transitioning from legacy databases, enabling them to access comprehensive legal services and scale their corporate operations effectively.
Orpyx Medical Technologies Inc. specializes in developing mobility sensor devices aimed at diabetic patients. The company's flagship product, the Orpyx SI sensory insoles, employs advanced sensor technology to monitor pressure, temperature, and movement, thereby helping to manage and prevent diabetic foot ulcers and limb loss. Additionally, Orpyx offers Kinetyx, a mobile in-shoe pressure management system that captures clinical plantar pressure data for sports medicine and footwear design, along with SurroGait Rx, which aids multiple sclerosis patients in enhancing mobility and balance. 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 model.

Bidali

Venture Round in 2020
Bidali is a payment platform focused on enhancing the financial ecosystem for businesses by enabling them to accept next-generation payments. The platform utilizes proprietary blockchain technology, allowing users to purchase gift cards for online and in-store transactions. This system not only facilitates secure and efficient payment processing but also offers cashback that can be reinvested in further purchases. Bidali's services are designed for both small and large companies, featuring developer-friendly APIs and e-commerce plugins that streamline the integration of digital currency payments into applications and websites. By prioritizing security and inclusivity, Bidali aims to help businesses increase sales and reduce fraud.

Garden Loft

Venture Round in 2020
Garden Loft is a prefabricated living unit that enables someone with differing abilities, including aging parents, to live independently. The living unit has physical and digital support systems that enable your loved one to have as much independence as they can safely manage.

Syantra

Venture Round in 2020
Syantra is a precision biotechnology company focused on revolutionizing cancer detection and treatment, with an initial emphasis on breast cancer. Its flagship product, Syantra DX™ Breast Cancer, is a blood test that screens for early signs of breast cancer by analyzing a panel of gene expression biomarkers from whole blood. This test employs machine learning algorithms to interpret the data, yielding a positive or negative result. Clinical studies have shown that the test demonstrates high accuracy, particularly for women under 50. Additionally, Syantra is developing the Onco-ID™ platform to enhance early detection capabilities across various cancer types, aiming to provide healthcare providers with advanced tools for more effective cancer diagnosis.

Communo

Seed Round in 2020
Communo is a curated network that connects creative entrepreneurs and marketing agencies through a sharing economy platform. Founded in 2017 and headquartered in Calgary, Alberta, the company facilitates collaboration among freelancers in the marketing and advertising sectors, offering a marketplace where agencies and businesses can find talent and resources. Communo focuses on various services, including design, video production, and strategic marketing, providing a cost-effective alternative to traditional advertising agencies. By optimizing clients' online presence to enhance brand awareness and search visibility, Communo helps increase organic traffic and fosters ongoing engagement for freelancers, ultimately benefiting all participants in the marketplace.

Nimble Science

Venture Round in 2019
Nimble Science Ltd. is a digital health company focused on transforming gastrointestinal health through its innovative SIMBA capsule technology. This platform enables the passive sampling of small bowel luminal fluid, allowing for the collection of precision datasets related to the gastrointestinal tract. By utilizing multi-omic mapping, Nimble Science provides healthcare providers with direct insights into specific regions of the GI system, facilitating improved diagnosis and treatment strategies. The company's approach represents a significant advancement in understanding and managing gastrointestinal health.

Provision Analytics

Seed Round in 2019
Provision Analytics Inc., founded in 2018 and based in Calgary, Canada, specializes in cloud-based software solutions that enhance food safety by tracing and tracking food products throughout the supply chain. The company's software is designed for food processors and manufacturers, automating food safety processes to significantly decrease the time required for data input and recall procedures. By linking detailed process data with production outcomes, Provision Analytics generates valuable analytics that help minimize food loss and quality deviations, thereby improving overall operational efficiency in the food industry.

Liveweb

Venture Round in 2019
Liveweb specializes in developing communication management software designed to enhance customer support capabilities. The company's platform integrates various tools, including live chat, voice calls, video chats, and screen sharing, to facilitate seamless communication between sales teams and clients. By offering a comprehensive suite of services, Liveweb enables sales and service teams to generate leads and effectively address customer inquiries through multichannel interactions. This approach aims to improve client experiences and streamline workflows on websites.

StellarAlgo

Seed Round in 2018
StellarAlgo is a developer of a customer data platform tailored for sports and entertainment organizations. Its software-as-a-service (SaaS) platform focuses on making data actionable and accessible, allowing these organizations to efficiently organize and analyze the information necessary for informed decision-making. By leveraging machine learning, StellarAlgo fosters a data-driven culture that enhances transparency and cohesiveness within organizations. This enables them to make timely decisions that improve audience engagement and create exceptional experiences for their fans.

Athennian

Venture Round in 2017
Athennian is a developer of legal entity management software that streamlines contract operations by integrating essential services such as digital signatures and approval workflows in a single platform. The software automates entity management and facilitates document collaboration using various tools, allowing for efficient workflow management. Athennian also offers rapid migration services to assist clients in transitioning from legacy databases, enabling them to access comprehensive legal services and scale their corporate operations effectively.

True Angle

Venture Round in 2017
True Angle Medical Technologies, based in Edmonton, Alberta, is focused on improving the quality of life for individuals with swallowing disorders through innovative technology. The company has developed the Mobili-T, a mobile device designed to assist users in performing swallowing exercises at home. This device is complemented by an engaging app that tracks muscle contractions and provides feedback, enabling users to monitor their progress towards specific goals. By addressing essential life functions such as eating and breathing, True Angle aims to support individuals in managing their well-being as they age, ultimately helping them overcome perceived barriers and regain joy in their daily lives.

Symend

Seed Round in 2016
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.
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