TELUS Ventures

Rich Osborn is the Managing Partner and has led the group since its founding in 2001. He works alongside a small partnership team that includes Terry Doyle. The investment committee operates within TELUS's corporate strategy framework, meaning final approvals often involve senior executives from the parent telecom company.

It is a corporate venture capital arm, not an independent fund. Capital comes from TELUS Corporation's balance sheet rather than from external limited partners. This structure gives it a dual mandate: achieve venture-scale financial returns while identifying technologies that can be integrated into TELUS's core business lines — from telecom and health to agriculture and customer experience.

No. Because it deploys balance-sheet capital rather than raised funds, TELUS Ventures does not report assets under management. The firm has publicly noted backing more than 90 companies and supporting over $4 billion in cumulative portfolio enterprise value, but its actual deployed capital pool remains undisclosed.

TELUS Ventures has been a primary vehicle for building out TELUS's agriculture division. It made early investments in companies like Farmers Edge (digital agronomy) and autonomous-spraying technology firm ASI, both of which later became foundational to TELUS Agriculture's product suite. The venture arm effectively scouted and financed ag-tech capabilities that TELUS later scaled through its own operating unit.

Yes, though Canada remains its core geography. The firm has selectively backed companies in the United States and Israel, particularly in sectors like cybersecurity and cloud infrastructure where Canadian deal flow alone is insufficient to access best-in-class technologies. Most of its portfolio, however, is concentrated in Toronto, Vancouver, and Montreal.