About TELUS Ventures
TELUS Ventures is a venture capital firm founded in 2001. It is primarily based out of Vancouver, Canada. As of Jan 2026, TELUS Ventures is an active investor, having invested in 57 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Food and Agriculture Tech. Most recently it participated in the $***** Series C round of Waabi Overall, TELUS Ventures portfolio has seen 1 unicorn, 1 IPO and 22 acquisitions including key companies like Mogo, Taulia and Waabi. A lot of funds co-invest with TELUS Ventures, with names like Visa sharing a substantial percentage of its portfolio. TELUS Ventures has team of 8 people including 4 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 3 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
TELUS Ventures' List of Top Investments
TELUS Ventures has a portfolio of 57 companies, one of which is a Unicorn. Their most notable investments are in Virtuo and Pocketpills.Their portfolio spans across Canada, United States, United Kingdom and 6 more locations. They have invested in Enterprise Applications, High Tech, Food and Agriculture Tech and 21 other sectors, across stages such as Series A, Series B and 3 more. Here is the list of top investments by TELUS Ventures:1. Mogo
Provider of an app-based platform for consumer loans and debt management solutions. It features an online account with a VISA reloadable prepaid card. It offers personal and mortgage loans to customers with a step-based interest rate, tools for checking credit scores, crypto trading platforms, and more. The application is available on Android and iOS devices.
Key facts about Mogo
- Founded Year: 2008
- Location: Vancouver (Canada)
- Stage: Public
- Employee Count: 215 as on Sep 30, 2026
- Investors: Advantas Capital Ventures, MaRS Discovery District and 7 Others
- Latest Funding Round: Post IPO, Jun 08, 2017, $*****
- Highlight: Public
2. Taulia
AI-based electronic invoicing and supply chain management solution for businesses. It features solutions to provide dynamic discounting, supply chain finance, cash forecasting, invoice automation, supplier management, and more. It offers a web-based invoice management solution that allows you to choose an early payment option using their working capital or third-party funds.
Key facts about Taulia
- Founded Year: 2009
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $220M
- Employee Count: 104 as on Sep 30, 2026
- Investors: Questmark Capital Management, Harmonic and 26 Others
- Latest Funding Round: Conventional Debt, Mar 11, 2021, $*****
- Highlight: Acquired
3. Waabi
Developer of physical artificial intelligence platform for autonomous trucks and robotaxis. The platform enables scalability across various form factors, geographies, and environments. It utilizes a shared artificial intelligence model for both autonomous trucks and robotaxis. The company focuses on delivering safer and more efficient autonomous transportation solutions. It employs neural simulation and end-to-end artificial intelligence to set new standards for safety.
Key facts about Waabi
- Founded Year: 2021
- Location: Toronto (Canada)
- Stage: Series C
- Total Funding till date: $1.03B
- Employee Count: 349 as on Aug 31, 2026
- Investors: HarbourVest Partners, Volvo Group and 28 Others
- Latest Funding Round: Series C, Jan 28, 2026, $*****
- Highlight: Editors' Pick
4. Veracode
Provider of software security testing and automated code remediation tools. The platform identifies vulnerabilities within application codebases through static and dynamic analysis. It integrates security checks into development workflows to detect flaws in proprietary code, open-source components, and containerized environments. The technology provides automated guidance to assist developers in fixing security issues during the software development lifecycle. Additional offerings include security training modules and hands-on labs for developers to practice secure coding techniques. The system supports governance and compliance by providing visibility into application risk across development pipelines.
Key facts about Veracode
- Founded Year: 2006
- Location: Burlington (United States)
- Annual Revenue: £10M - £50M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $107M
- Employee Count: 506 as on Sep 30, 2026
- Investors: Sprout Capital Partners, Meritech and 16 Others
- Latest Funding Round: Series F, Jan 01, 2018, $*****
- Highlight: Acquired
5. Miovision
Developer of traffic management software and intelligent transportation hardware systems. Products include video detection cameras, signal performance analytics, and adaptive signal control technology. The offerings facilitate emergency vehicle preemption and transit signal priority to improve traffic flow. Additional capabilities include portable data collection devices and cloud-based platforms for monitoring intersection performance and safety. These tools assist in managing signalized intersections and analyzing multimodal traffic data for operational planning.
Key facts about Miovision
- Founded Year: 2005
- Location: Kitchener (Canada)
- Stage: Series D
- Total Funding till date: $307M
- Employee Count: 514 as on Sep 30, 2026
- Investors: HarbourVest Partners, Comerica and 18 Others
- Latest Funding Round: Series D, Apr 17, 2023, $*****
- Highlight: Editors' Pick
TELUS Ventures' Year-on-Year Investment Trends
TELUS Ventures has invested in 57 companies over the last 25 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Waabi and most recent follow-on round was in AgriWebb.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 2 | 0 | 2 |
2024 | 6 | 1 | 7 |
2023 | 5 | 0 | 5 |
2022 | 3 | 1 | 4 |
2021 | 7 | 1 | 8 |
2020 | 3 | 0 | 3 |
2019 | 6 | 2 | 8 |
2018 | 3 | 0 | 3 |
TELUS Ventures' Investments by Stage
TELUS Ventures has made 13 investments in Series A stage with an average round size of $7.99M, 12 investments in Series B stage with an average round size of $23.8M, 12 investments in Series C stage with an average round size of $85.1M, 11 investments in Seed stage with an average round size of $2.87M and 1 investment in Series D stage.Stage of entry | No. of Investments |
|---|---|
Series A | 13 |
Series B | 12 |
Series C | 12 |
Seed | 11 |
Series D | 1 |
Note: We have considered here, only first round of investments
TELUS Ventures' Investments by Sector
TELUS Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Consumer and HealthTech. Notably, it has invested in 48 Tech companies, 46 Enterprise (B2B) companies, 40 Software companies and at least 22 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 31 |
High Tech | 16 |
Vertical SaaS | 13 |
Consumer | 10 |
HealthTech | 10 |
Others | 78 |
Note: We have considered here, only first round of investments
TELUS Ventures' Investments by Geography
TELUS Ventures has made most investments in Canada (22), followed by United States where it has made 15 investments.Country | No. of Investments |
|---|---|
Canada | 22 |
United States | 15 |
United Kingdom | 5 |
Israel | 3 |
Australia | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
TELUS Ventures' recent investments
TELUS Ventures has made 1 investments in 2026 so far - Waabi.Here are the most recent investments by TELUS Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 28, 2026 | Canada | Series C | 7994 | [+14] | |
Jul 31, 2025 | United Kingdom | Series C | 6675 | [+2] | |
Jun 12, 2025 | Israel | Series B | 4007 | [+3] | |
Oct 31, 2024 | United States | Seed | 5393 | - | |
Aug 08, 2024 | Canada | Seed | 7606 |
Unicorns in TELUS Ventures' Portfolio
TELUS Ventures has 1 unicorn in its portfolio - Waabi. The most recent unicorn in their portfolio is Waabi which became a unicorn in 2026.Here is a list of unicorns in TELUS Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Developer of physical artificial intelligence platform for autonomous trucks and robotaxis | 2021 | Toronto | Series C | iutrwdt |
IPOs and Publicly Listed companies in TELUS Ventures' Portfolio
1 of TELUS Ventures' portfolio company became public - Mogo. It got listed on the Toronto Stock Exchange (TSX), in Oct 2013 at marketcap of undefinedHere are TELUS Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 21, 2013 | - | - | 1069 |
Acquired companies in TELUS Ventures' Portfolio
22 companies from TELUS Ventures' portfolio have been acquired. The most recent acquisition was AgriWebb in May 2026 by Urus for $*****.Here are TELUS Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 19, 2026 | Oct 11, 2022 | Series C | 8881 | |
Apr 30, 2026 | - | - | 8377 | |
Jan 12, 2026 | Nov 16, 2023 | Series A | 9781 | |
Jan 08, 2025 | May 25, 2022 | Series B | 3842 | |
Apr 04, 2024 | Nov 02, 2021 | Seed | 4339 |
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Team profile of TELUS Ventures
TELUS Ventures has a team of 8 members including 4 Partners and 2 Principals located in United States and Canada. TELUS Ventures' team sits on the board of 2 companies.Here is a list of all team members in TELUS Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Toronto | |||
Partner | Boston | - | ||
Partner | San Francisco | - | ||
Partner | Boston | |||
Principal | Oakville | - | ||
Principal | - | - |
Co-investors of TELUS Ventures
Over the past 25 years, 385 investors have co-invested in TELUS Ventures's portfolio companies. This includes funds and angels.
- Invested before TELUS Ventures: BDC, OMERS and 217 others have invested in rounds before TELUS Ventures. There are 5 companies where BDC has invested before TELUS Ventures and 3 companies where OMERS has invested before TELUS Ventures.
- Top Co-investors of TELUS Ventures: 90 investors entered a company along with TELUS Ventures. These include investors like Visa (2 companies).
- Invested after TELUS Ventures: A total of 76 investors have invested in TELUS Ventures's portfolio after their investments. Top Investors include Telus (3 companies), Royal Bank of Canada (2 companies) and GSC (2 companies).
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