# Thin Air Labs

> Thin Air Labs is a VC fund in Calgary backing Software and Health Care. See 34 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Calgary, Canada
- Total investments: 34
- Last investment: Mar 2024
- Lead investor: 21%
- Fund size: $20M
- Last fund: Jun 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/thin-air-labs/?originalSubdomain=ca
- X (Twitter): https://twitter.com/thinair_labs?lang=en
- Website: https://www.thinairlabs.ca/

Thin Air Labs is a VC fund in Calgary focused on Software and Health Care. Thin Air Labs is the leading investment firm in Canada focused on the growth asset class in innovation and technology. We currently have 24 companies in our portfolio. We believe in igniting venture growth for greater human impact.

## Contacts

5 contacts available for Thin Air Labs. Shizune tracks 3 team members at Thin Air Labs. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/thin-air-labs?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1M–$5.2M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 11 | 32% |
| Health Care | 11 | 32% |
| Medical | 8 | 24% |
| SaaS | 6 | 18% |
| Information Technology | 6 | 18% |

49 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 17 | 50% |
| Venture - Series Unknown | 6 | 18% |
| Funding Round | 4 | 12% |
| Pre-Seed | 2 | 6% |
| Series A | 2 | 6% |

6 stages tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| James Lochrie | Managing/Capital Partner; Managing/Capital Partner | 13 | https://shizune.co/investors/profile/james-lochrie |
| Jim Gibson | Partner | 0 | https://shizune.co/investors/profile/jim-gibson |
| Rick Bird | COO | 0 | https://shizune.co/investors/profile/rick-bird |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| PayShepherd | 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. | $5.2M | Seed | Mar 06, 2024 |  |
| Quickly | Quickly is an online platform that receives early payment and invoicing tools for any business. Quicky uploads bills and invoices or easily creates professional invoices based on contracts and projects. Quickly eliminates the uncertainty of when can expect to be paid. Founded in 2022 and is located in Calgary, AB. | $10M | Seed | Oct 10, 2023 |  |
| Clinify Inc | Medical records are barely digitized in Africa. The lack of digitally centralized health records has led to a large number of preventable deaths as a result of wrong and self diagnosis by patients due to poor to no medical histories, paper record mismatch, long wait times and missed revenue opportunities. There is also a shortage of healthcarepractitioners and a lack of stable healthcare infrastructure.We are building a health information management system that leverages the capabilities of Artificial intelligence. Our solution cuts wait time in half, enables users to easily access, populate, own and centralize their health records. This allows them to control and better understand their encounters, book appointments via a web portal and mobile app, have virtual consultation with healthcare professionals and providers while running it on a low cost infrastructure without affecting system performance. | $1.5M | Seed | Feb 13, 2023 |  |
| PayShepherd | 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. | $3M | Seed | Jun 07, 2022 |  |
| ModalX | At ModalX, we revolutionize AI-powered growth by expertly curating and customizing the best AI tools for your unique needs. With ModalX, you receive tailored action plans & business assets that transform complexity into clarity, making AI not just accessible, but actionable. Experience reduced costs, speedy growth, and significant time savingsas we empower your business to thrive!" | $1.7M | Pre-Seed | May 20, 2022 |  |
| Rehabtronics | Rehabtronics is a technology development firm that focuses on solutions for physical rehab. | $1.6M | Venture - Series Unknown | Nov 18, 2021 |  |
| PhenoTips | 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. | $2M | Seed | Sep 21, 2021 |  |
| Fluid Biomed | Fluid Biotech is a Calgary based company that aims to develop the next generation of stents to improve patient well-being and realise better health and quality of life through innovation. | $4.7M | Seed | Aug 11, 2021 |  |
| Tactile Orthopaedics | Tactile Orthopaedics based on thorough clinical and customer input, develop systems. Their platforms range from the arthroscopy dynamic knee platform to the arthroplasty dynamic knee platform. A substance created to teach operating skills that replicate the anatomy of the knee and feels like soft tissue and bones. |  | Seed | Mar 29, 2021 |  |
| Tactile Orthopaedics | Tactile Orthopaedics based on thorough clinical and customer input, develop systems. Their platforms range from the arthroscopy dynamic knee platform to the arthroplasty dynamic knee platform. A substance created to teach operating skills that replicate the anatomy of the knee and feels like soft tissue and bones. |  | Venture - Series Unknown | Feb 01, 2021 |  |

10 of 34 investments shown.

## Co-investors
- [Accelerate Fund](https://shizune.co/investors/profile/accelerate-fund) — VC Fund, 3 deals together
- [Bluesky Equities](https://shizune.co/investors/profile/bluesky-equities-ltd) — VC Fund, 3 deals together
- [UCeed](https://shizune.co/investors/profile/uceed) — VC Fund, 3 deals together
- [Aventrock Ventures](https://shizune.co/investors/profile/aventrock-ventures) — VC Fund, 2 deals together
- [Builders VC](https://shizune.co/investors/profile/builders) — VC Fund, 2 deals together
- [Creative Destruction Lab](https://shizune.co/investors/profile/creative-destruction-lab) — VC Fund, 2 deals together

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## FAQ

### What does Thin Air Labs invest in?

Thin Air Labs invests primarily in Software, Health Care and Medical startups, most often at Seed and Venture - Series Unknown stage. Most of the 34 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Thin Air Labs's check size?

Thin Air Labs typically joins rounds of $1M–$5.2M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Thin Air Labs participates in.

### How do I contact Thin Air Labs?

Public channels for Thin Air Labs include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Thin Air Labs?

The team at Thin Air Labs includes James Lochrie (Managing/Capital Partner; Managing/Capital Partner), Jim Gibson (Partner) and Rick Bird (COO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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