Thin Air Labs

Thin Air Labs in its $20 million initial close of venture capital fund

Client

Thin Air Labs

Value

$20 million

Service

Emerging and High Growth Companies

Date Closed

June 2022

Industry

Banking & Financial Services

Lead Office

Ottawa

 

On June 8, 2022, Thin Air Labs announced it had secured $20 million in the first close of its Thin Air Labs Fund I. The initial close includes $4 million from the Opportunity Calgary Investment Fund (OCIF). With this funding, Thin Air plans to continue raising towards its $100 million target, where their aim is to help startups gain initial traction, focusing on pre-seed and seed investments.

Thin Air Labs Inc. is a Calgary-based investment firm.

Osler, Hoskin & Harcourt LLP advised Thin Air Labs Inc. with a team consisting of Ed Vandenberg (Emerging and High Growth Companies) and Kelsey Armstrong (Corporate).