What TELUS Global Ventures does

TELUS Global Ventures is the corporate venture capital arm of TELUS, a publicly traded Canadian telecommunications company (TSX: T), headquartered in Vancouver with an operational presence in Nova Scotia. Founded in 2001 and operating with a team of 18 members as of February 2026, the firm invests in early-to-growth-stage technology companies with strategic relevance to a major North American telecom carrier, deploying capital across quantum computing infrastructure (Photonic), autonomous driving (Waabi, $750M Series C), and AI-driven digital health (Naluri, led $5M Series B). Its distinguishing mechanism is privileged access to TELUS's commercial fibre network, which enables portfolio companies to run live, real-world demonstrations of advanced technologies (e.g., a world-first quantum teleportation across 30 km of TELUS fibre), and to enter multi-year commercial arrangements such as the four-year Photonic agreement to build quantum data centres and quantum-resistant encrypted networks. The business model is corporate venture investing: no recurring product revenue is disclosed, returns are generated through equity participation in portfolio companies, co-investments are anchored by strategic partners (RBC, Microsoft), and a global investment mandate is articulated via partner-level hires such as Ted Graham (ex-GM Ventures). Leadership comprises Managing Partner Terry Doyle, VP Mario Mele, Investment Directors Jon Wolkin, Rob Peets, and Jay Crone, and Partner/Director of Platform Services Chris Greenfield. Geographically, activity spans Canada and Southeast Asia as of late 2025.

Name

TELUS Global Ventures

Legal name

TELUS Global Ventures

Website

https://telus.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

TELUS Global Ventures is the corporate venture capital arm of TELUS (Canadian telecom, TSX: T), investing across quantum computing, autonomous driving, and AI-driven digital health startups, offering portfolio companies privileged access to TELUS's commercial fibre network and strategic co-investor partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Venture Capital Returns: TELUS Global Ventures generates returns through equity investments in portfolio companies, with investments in quantum computing, AI health platforms, and autonomous driving technology sectors.

Go-to-market motion1 record

Core offering

TELUS Global Ventures is the corporate venture capital arm of TELUS, deploying strategic equity investments into early to growth-stage technology companies developing frontier solutions in quantum computing, autonomous driving, digital health, and AI. The venture arm provides portfolio companies with capital, corporate validation, and access to TELUS's telecommunications infrastructure for live testing and deployment of advanced technologies.

Product overview

TELUS Global Ventures is the corporate venture capital arm of TELUS, a Canadian telecommunications company. It operates as a venture fund that makes strategic investments in technology startups across various sectors including quantum computing, autonomous driving, digital health, and AI. The venture arm does not offer a traditional product portfolio; rather, it deploys capital into portfolio companies and participates in funding rounds. Notable investments include Photonic (quantum computing, $130M Series C), Waabi (autonomous driving, $750M Series C), and Naluri (AI-driven employee wellbeing platform).

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Venture Capital Investment

Quantifiable outcome

• World-first quantum teleportation demonstration across 30 kilometres of commercial telecom fibre

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Verizon Ventures: Corporate venture arm of Verizon, one of the largest US telecommunications carriers. Directly comparable as a telecom-led CVC making strategic investments in emerging technology, with a similar mandate to leverage the parent's network infrastructure for portfolio company advantage.
• AT&T Ventures: Corporate venture capital arm of AT&T, another major North American telecom. Comparable in deploying capital into strategic technology adjacencies to a parent telecom, with similar scope of network infrastructure assets available to portfolio companies for testing and deployment.
• Bell Ventures (BCE): CVC arm of BCE/Bell Canada, TELUS's primary domestic telecom competitor. The closest direct comparable given shared Canadian market, similar regulatory environment, overlapping 5G/fibre infrastructure, and analogous mandate to invest in technologies extending telecom capabilities.
• Comcast Ventures: CVC arm of Comcast, a major US connectivity and media company. Comparable as a strategic investor leveraging parent connectivity infrastructure for portfolio advantage, with a deeper track record and broader portfolio across consumer and enterprise tech.
• Deutsche Telekom Capital Partners: CVC arm of Deutsche Telekom, one of Europe's largest telecom operators. Comparable as a global telecom CVC investing in deep-tech and digital infrastructure, with similar parent-aligned mandate and longer-running track record in cross-border deep-tech investments.
• Vodafone Ventures: Venture investment arm of Vodafone, a major global telecom operator. Directly comparable as a telecom CVC backing enterprise and infrastructure technologies with global mandates, operating from a similar playbook of strategic-aligned deep-tech investing.

Broad incumbents

• Samsung NEXT: CVC arm of Samsung focused on AI, IoT, and deep tech. Comparable as a large strategic CVC with a much broader portfolio and significantly larger deployment capacity, also backing quantum and autonomous systems adjacencies where TELUS Global Ventures invests.
• M12 (Microsoft's Venture Fund): Microsoft's corporate venture fund, an existing co-investor with TELUS Global Ventures in Photonic. Comparable as a deep-tech-focused strategic CVC with much greater scale, and a relevant counterparty given existing co-investment relationship in quantum.

Regional players

• KDDI Open Innovation Fund: CVC arm of KDDI, a major Japanese telecom. Comparable as a telecom-led strategic CVC investing in deep tech and digital infrastructure, but operates primarily in Japan and Asia rather than North America where TELUS Global Ventures is headquartered.
• Rogers Ventures: Venture and strategic investment activities of Rogers Communications, another major Canadian telecom. Comparable as a domestic telecom strategic investor in the same Canadian market, though Rogers has historically had a less formalized venture arm than TELUS Global Ventures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Customer concentration

• Xx.com/telus
• Facebookfacebook.com/telus
• LinkedInlinkedin.com/company/telus-global-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments173 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TELUS Global Ventures