Telus

TELUS Corporation is one of the largest telecommunications companies in Canada, providing a diverse range of services through its Wireless and Wireline segments. The company offers wireless and wireline voice and data services, high-speed internet, television, and home phone services. Additionally, it delivers managed IT and cloud-based services, healthcare solutions, and smart security options for homes and businesses. TELUS serves over 15 million customer connections, with a significant portion of its revenue now coming from non-telecom sectors such as health, agriculture, and security, driven by recent acquisitions. The company also operates TELUS Ventures, which invests in innovative technology solutions across various sectors, including digital health and IoT. Founded in 1993 and headquartered in Vancouver, TELUS is committed to leveraging technology for community benefit and enhancing customer experiences.

Jay Crone

Investment Director

Brian Martin

Investment Director

Jon Wolkin

Investment Director

Past deals in Ontario

Miovision

Private Equity Round in 2023
Miovision Technologies Inc. specializes in traffic data collection and management solutions for transportation networks. Founded in 2005 and headquartered in Kitchener, Canada, with an additional office in Cologne, Germany, the company offers a range of products including Miovision Central for project management, Scout Video Collection Unit for traffic counting, and Miovision Traffic Data for data processing and analysis. Its Spectrum solution enhances signal connectivity for intelligent transportation systems, while Teal facilitates goal-setting and progress tracking for teams. Miovision's hardware offerings include interfaces, smart links, cameras, and antennas, complemented by customer support services. The company serves a diverse clientele, including traffic data collection firms, engineering firms, and government agencies, reaching over 17,000 municipalities globally. Through its advanced technology, Miovision aims to improve the transportation experience for drivers, cyclists, and pedestrians while addressing the challenges of modern transportation networks.

Humi

Series B in 2022
Humi Holdings Corp. designs and develops human resource software for businesses in Canada. It offers Humi, a cloud-based HR software solution that allows users to digitally sign new-hires, store employee documents in the cloud, and browse employees with org-chart or universal search; set up time off policies, approve (or deny) employee requests for time off, and view planned leave time on one calendar; and conduct 360 degree surveys, intimate one on one reviews, and drive employee growth and development with goal setting. The company’s solution also offers Payroll Digest that ensures payroll-relevant changes in Humi that get reflected in the external payroll system. Humi Holdings Corp. was formerly known as Humi Inc. Humi Holdings Corp. was founded in 2016 and is based in Toronto, Canada.

Trexity

Seed Round in 2022
Trexity is a shipping platform that puts the power back into the hands of customers, allows them to ship anywhere at anytime, and leverage a unique driver marketplace. It tracks each delivery in real-time and gets direct notifications at each stage of the shipment, providing customers with last-mile logistics solutions. Users of this platform can take a picture of their package, input a few details, and then pick a driver from the Trexity marketplace that is going along that route. It began its operations in 2019 and is based in Ottawa, Ontario.

Ukko Agro

Seed Round in 2021
Ukko Agro develops an agriculture ecosystem that helps optimize pesticide usage to minimize crop losses. It offers technology tools that facilitate on-farm decision making with minimal time investment from the growers. The company is driven to optimize pesticide use for better crop yield, by integrating technologies to track, analyze, and quantify sustainability gained. Its product features realtime on-farm monitoring, predicts disease or pest attacks, prescribe pesticide spray, integrates with external on-farm equipment and technologies, reduces crop losses, and optimizes crop inputs. Ukko Agro was founded in 2017 and is headquartered in Toronto, Ontario.

MedStack

Series A in 2021
For developers of healthcare applications in startups, enterprises and agencies, MedStack provides industry-specific data APIs and automated cloud hosting designed to achieve privacy compliance, healthcare security and data interoperability with Electronic Health Record systems out of the box. Built from the ground-up on proven high security standards and for flexibility across a wide range of application, database and deployment stacks, MedStack is the most secure, flexible and capable healthcare app hosting platform in the industry, now powering a wide range of applications from chronic disease management, healthcare workflow, monitoring and billing, leveraging AI, mobile, blockchain and VR/AR.

Mobile Klinik

Acquisition in 2020
Mobile Klinik provides smartphone and tablet repair services in Canada. It offers consumers a fast, convenient, high-quality repair, and other services. Mobile Klinik diagnoses and repairs most devices same-day, on-site. It also offers lifetime warranty along with battery replacement, data backup/transfer, and personalized Case-Station accessories. Mobile Klinik was founded in 2015 and is headquartered in Toronto, Ontario.

Miovision

Series D in 2020
Miovision Technologies Inc. specializes in traffic data collection and management solutions for transportation networks. Founded in 2005 and headquartered in Kitchener, Canada, with an additional office in Cologne, Germany, the company offers a range of products including Miovision Central for project management, Scout Video Collection Unit for traffic counting, and Miovision Traffic Data for data processing and analysis. Its Spectrum solution enhances signal connectivity for intelligent transportation systems, while Teal facilitates goal-setting and progress tracking for teams. Miovision's hardware offerings include interfaces, smart links, cameras, and antennas, complemented by customer support services. The company serves a diverse clientele, including traffic data collection firms, engineering firms, and government agencies, reaching over 17,000 municipalities globally. Through its advanced technology, Miovision aims to improve the transportation experience for drivers, cyclists, and pedestrians while addressing the challenges of modern transportation networks.

MindBeacon Software

Series A in 2019
MindBEACON Software Inc. develops BEACON software that connects people who need cognitive behavioral therapy and other evidence-based therapies with a network of clinics in Toronto. The company was founded in 2002 and is based in Toronto, Canada.

Akira

Acquisition in 2019
Akira Medical Ltd. is a Toronto-based company that develops a virtual healthcare application aimed at transforming how Canadians access medical services. Founded in 2015, the application enables users to connect with doctors through secure text and video consultations, allowing for features such as prescription writing, lab test ordering, and specialist referrals. Patients also have access to their clinical notes and lab results, enhancing transparency and control over their health data. The mobile application is compatible with both iOS and Android devices, ensuring accessibility for a wide range of users. As of July 2019, Akira operates as a subsidiary of TELUS Health Solutions GP, reflecting its integration into a larger healthcare ecosystem.

Right Health

Acquisition in 2019
Right Health was founded with a vision of providing a combination of virtual and face-to-face care to optimize the health and engagement of Canadians. Right Health has partnered with leading healthcare providers to facilitate easy patient access through a consumer-facing portal and app, linked with a patient’s electronic medical record.

Vital Bio

Seed Round in 2019
Vital Biosciences Inc develops tools that helps to monitor health and manage disease. The company was founded in 2016 and is based in Kitchener, Canada.

MedStack

Seed Round in 2019
For developers of healthcare applications in startups, enterprises and agencies, MedStack provides industry-specific data APIs and automated cloud hosting designed to achieve privacy compliance, healthcare security and data interoperability with Electronic Health Record systems out of the box. Built from the ground-up on proven high security standards and for flexibility across a wide range of application, database and deployment stacks, MedStack is the most secure, flexible and capable healthcare app hosting platform in the industry, now powering a wide range of applications from chronic disease management, healthcare workflow, monitoring and billing, leveraging AI, mobile, blockchain and VR/AR.

Integrate.ai

Corporate Round in 2019
Integrate.ai Inc. develops artificial intelligence software designed for enterprises, focusing on creating AI-enabled solutions that enhance customer interactions. Founded in 2017 and headquartered in Toronto, Canada, the company aims to bridge the gap between AI technologies and business processes. By leveraging machine learning and big data, Integrate.ai seeks to enrich people's lives while fostering the growth of more valuable businesses. The company's AI-powered platform is tailored for business-to-consumer enterprises, ensuring that customer engagements are both natural and meaningful.

Acorn Biolabs

Seed Round in 2019
They're excited about the future of human technology. Along with virtual reality, self-driving cars and voyages to Mars, medical and genetic engineering technologies will also flourish. In anticipation, they're cryopreserving young human cells as inputs and templates for use with our older bodies to help improve longevity.

MindBeacon Software

Series A in 2018
MindBEACON Software Inc. develops BEACON software that connects people who need cognitive behavioral therapy and other evidence-based therapies with a network of clinics in Toronto. The company was founded in 2002 and is based in Toronto, Canada.

Symbility Health

Acquisition in 2018
Symbility Health Inc., the healthcare division of Symbility Solutions, is committed to creating advanced, collaborative product offerings that will offer Insurers, Third-Party Administrators and Employee Benefits Brokers a different kind of health claim insurance settlement experience. Symbility Health product suite currently features its core product Adjudicare®, a SaaS (Software-as-a-Service) solution used by a network of Employee Benefits Brokers, Third-Party Administrator partners, plan members and plan sponsors across Canada in the adjudication of health and dental claims, and UnionPro™, the only web-based Hour Banking product to provide unions a worry-free solution to track their members’ hour banking, benefit plan eligibility, and contribution data. Symbility Health also features a collaborative Mobile Claims application for benefit plan data and management, designed to run on personal computers and handheld devices.

iMerciv

Grant in 2017
iMerciv Inc. is a Toronto-based company focused on developing wearable assistive technology for individuals who are blind, deaf-blind, or visually impaired. Its flagship product, BuzzClip, is a wearable device that utilizes ultrasound to identify obstacles in a user's path and alerts them through vibrations, enhancing their ability to navigate safely. In addition to BuzzClip, iMerciv is working on MapinHood, a pedestrian navigation app that leverages crowdsourcing and artificial intelligence to provide personalized and real-time navigation information. Unlike traditional navigation apps designed for vehicles, MapinHood considers various factors affecting pedestrian travel, such as lighting, crime, and accessibility. This innovative approach allows users to find the safest or most accessible routes. The app has been developed with funding from Microsoft’s AI for Accessibility grant and is currently in beta testing, available on both Android and iOS platforms. iMerciv aims to empower pedestrians with actionable data and improve mobility for vulnerable communities, particularly in the context of navigating safely during the COVID-19 pandemic.

Right Health

Seed Round in 2017
Right Health was founded with a vision of providing a combination of virtual and face-to-face care to optimize the health and engagement of Canadians. Right Health has partnered with leading healthcare providers to facilitate easy patient access through a consumer-facing portal and app, linked with a patient’s electronic medical record.

NIghtingale - Canadian Assets

Acquisition in 2016
NIghtingale - Canadian Assets

Sprout

Convertible Note in 2016
Sprout is a health engagement platform enabling workplace wellbeing for corporate wellness. The platform provides employees with the resources needed to lead healthy lifestyles and to provide management with a solution to manage and measure its impact. It inspires employees to get fit and empowers employers to manage and quantify their corporate wellness. Sprout was founded in 2012 by Martha Switzer and Christina Ford and is headquartered in Toronto, Ontario, Canada.

SecureKey

Series C in 2015
SecureKey Technologies Inc. is an identity and authentication provider that facilitates secure and convenient access to online services for consumers. The company develops cloud-based identity networks that enable organizations to connect users with various online services while ensuring privacy and security. Serving diverse markets including banking, government, healthcare, telecommunications, and utilities, SecureKey offers both its proprietary identity network and professional services. Founded in 2008 and headquartered in Toronto, Canada, SecureKey also has offices in Boston and San Francisco. The firm has established strategic collaborations and is supported by prominent investors, including Visa, MasterCard, and Intel Capital, which enhances its capability to deliver innovative solutions in the identity and authentication space.

Sprout

Series A in 2015
Sprout is a health engagement platform enabling workplace wellbeing for corporate wellness. The platform provides employees with the resources needed to lead healthy lifestyles and to provide management with a solution to manage and measure its impact. It inspires employees to get fit and empowers employers to manage and quantify their corporate wellness. Sprout was founded in 2012 by Martha Switzer and Christina Ford and is headquartered in Toronto, Ontario, Canada.

Avvasi Inc.

Convertible Note in 2014
Avvasi Incorporated provides Quality of Experience (QoE) driven streaming video analytics, traffic management, and monetization solutions. The company offers Q-VUE, a network-based system that enables service providers to monitor, process, and analyze the video demographic and QoE of mobile video traffic; and Q-SRV, a traffic management solution that puts QoE at the center of the decision making process for the management and monetization of video traffic in mobile networks. It serves customers in Canada and internationally. The company was founded in 2008 and is based in Waterloo, Canada. As of August 19, 2016, Avvasi Incorporated operates as a subsidiary of NetScout Systems, Inc.

Avvasi Inc.

Series D in 2014
Avvasi Incorporated provides Quality of Experience (QoE) driven streaming video analytics, traffic management, and monetization solutions. The company offers Q-VUE, a network-based system that enables service providers to monitor, process, and analyze the video demographic and QoE of mobile video traffic; and Q-SRV, a traffic management solution that puts QoE at the center of the decision making process for the management and monetization of video traffic in mobile networks. It serves customers in Canada and internationally. The company was founded in 2008 and is based in Waterloo, Canada. As of August 19, 2016, Avvasi Incorporated operates as a subsidiary of NetScout Systems, Inc.

Public Mobile

Acquisition in 2013
Public Mobile Inc. provides talk and text services in Ontario and Quebec. Its plans include calling, texting, long distance, e-mail service, roaming, and data features. The company also provides mobile phones and plans through stores. Public Mobile Inc. was formerly known as BMV Holdings, Inc. The company was founded in 2008 and is based in Toronto, Canada.

mobilicity

Acquisition in 2013
We created Mobilicity to bring down the cost of wireless and offer the value you deserve. And that’s exactly what you get – unlimited talk, text and data plans, affordable North American coverage, plus popular mobile devices and smartphones – without ever having to lock into a nasty contract.

Avvasi Inc.

Series C in 2013
Avvasi Incorporated provides Quality of Experience (QoE) driven streaming video analytics, traffic management, and monetization solutions. The company offers Q-VUE, a network-based system that enables service providers to monitor, process, and analyze the video demographic and QoE of mobile video traffic; and Q-SRV, a traffic management solution that puts QoE at the center of the decision making process for the management and monetization of video traffic in mobile networks. It serves customers in Canada and internationally. The company was founded in 2008 and is based in Waterloo, Canada. As of August 19, 2016, Avvasi Incorporated operates as a subsidiary of NetScout Systems, Inc.

SecureKey

Series B in 2012
SecureKey Technologies Inc. is an identity and authentication provider that facilitates secure and convenient access to online services for consumers. The company develops cloud-based identity networks that enable organizations to connect users with various online services while ensuring privacy and security. Serving diverse markets including banking, government, healthcare, telecommunications, and utilities, SecureKey offers both its proprietary identity network and professional services. Founded in 2008 and headquartered in Toronto, Canada, SecureKey also has offices in Boston and San Francisco. The firm has established strategic collaborations and is supported by prominent investors, including Visa, MasterCard, and Intel Capital, which enhances its capability to deliver innovative solutions in the identity and authentication space.

Checkwell Solution

Series A in 2010
Checkwell Solution is a global leader in Human Resources Interviewing Services, specializing in pre-employment background screening. The company executes over two million transactions each year for numerous organizations across various sectors. With four service centers on three continents, Checkwell offers a comprehensive range of services, including criminal record checks, reference checks, employment verifications, credit inquiries, identity cross-checks, education verification, credential verification, and driver abstracts. By combining advanced technology with expert personnel, Checkwell delivers essential information that enables clients to make informed decisions regarding their workforce.

Fastvibe Corp.

Acquisition in 2008
Fastvibe Corp. is a provider of Web streaming equipment and services for business.

Atreus Systems

Venture Round in 2005
Atreus delivers provisioning solutions for a variety of advanced IP services for both the business and consumer markets.

EnStream

Venture Round in 2005
EnStream L.P. is a Canadian company that specializes in mobile payment solutions for mobile phone users. Founded in 2005 and headquartered in Toronto, EnStream offers Zoompass, a mobile payment service that allows users to securely send and receive money through stored value accounts on their mobile devices. The company aims to facilitate mobile commerce by acting as a common interface between Canada's mobile carriers and the broader Canadian ecosystem for Near Field Communication (NFC) transactions.

Alida

Venture Round in 2004
Alida, formerly known as Vision Critical Communications Inc., offers a cloud-based customer intelligence platform that enables organizations to establish engaged and secure communities for continuous real-time feedback and insights. The platform includes various solutions such as IdeaHub, which streamlines the idea generation process within online communities, and IdeaScreen, a web application designed to evaluate early-stage ideas. Additionally, Alida provides Sparq Share, a secure workspace for users of its customer intelligence platform, along with real-time reporting and analytics tools to assist stakeholders in decision-making. The company also offers community management and research consulting services, including insight community planning and management. Alida serves a diverse range of industries, including media, retail, financial services, technology, and healthcare, helping leading brands improve customer experiences and foster loyalty. Founded in 2000, Alida is headquartered in Vancouver, Canada.

Dexit

Venture Round in 2003
Dexit is a developer, operator and licensor of a new electronic payment facilitation technology and service using RFID technology, enabling consumers to purchase small value items quickly and conveniently at locations such as coffee shops, quick-service restaurants and convenience stores. The company completed its initial public offering in June 2004.

Spotnik Global Communications

Series A in 2003
Spotnik Mobile was a provider of secure public high-speed Internet access using 802.11 unlicensed spectrum.

Critical Telecom

Venture Round in 2003
Critical Telecom develops broadband enabling platforms for IP-based access networks. It offers GEmini, an Ethernet remote DSLAM that delivers non-blocking bandwidth enabling applications, such as triple play and IPTV. Critical Telecom was founded in 1987 and is based in Ottawa, Canada.

Atreus Systems

Series C in 2003
Atreus delivers provisioning solutions for a variety of advanced IP services for both the business and consumer markets.

Dexit

Venture Round in 2003
Dexit is a developer, operator and licensor of a new electronic payment facilitation technology and service using RFID technology, enabling consumers to purchase small value items quickly and conveniently at locations such as coffee shops, quick-service restaurants and convenience stores. The company completed its initial public offering in June 2004.

Spotnik Global Communications

Series A in 2003
Spotnik Mobile was a provider of secure public high-speed Internet access using 802.11 unlicensed spectrum.

Spotnik Global Communications

Series A in 2002
Spotnik Mobile was a provider of secure public high-speed Internet access using 802.11 unlicensed spectrum.

Soltrus

Venture Round in 2001
Soltrus was a provider of Digital Trust Services enabling businesses and consumers to communicate and transact over digital networks.