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The Venture Codex

TELUS Ventures

510 West Georgia Street, Vancouver, British Columbia, V6B 0M3, Canada

Overview

TELUS Ventures is the strategic investment arm of TELUS Corporation and one of Canada’s most active and longest-standing corporate venture capital (CVC) funds. Since 2001, TELUS Ventures has invested in and advised more than 85 companies that address some of the biggest opportunities and challenges in digital health, IoT, AgTech, digital security and connected consumer sectors. TELUS Ventures is on a mission to seamlessly connect millions of people, companies and communities by strategically investing in the most advanced and innovative solutions that deliver value to our business and customers, fuel economic growth and deliver a positive social impact. We are stage agnostic in our approach, and write cheques anywhere from $500,000 to $15M; We focus on horizon 2 / horizon 3 investment opportunities in early stage companies that are synergistic to TELUS and allow us to expand into new markets beyond the traditional telecommunications sector. We work with best-in-class partners to source, nurture and scale innovation. Our established partner network includes leading incubator, accelerator and global co-investment partners as well as a global consortium of telecom companies with CVC arms. TELUS Ventures is actively involved in portfolio companies, working directly with management. Our team members regularly act as board members and board observers, lending leadership and experience to guide their growth and success. We provide access to TELUS’ technologies and broadband networks and opportunities to promote our portfolio companies’ solutions across our ecosystem.

Total investments
45
Lead investments
24
Investments · 12mo
1
Active investors
8

Sector focus

  • AgTech
  • Artificial Intelligence (AI)
  • Consumer
  • FinTech
  • Health Care
  • Internet of Things
  • SaaS
  • Security
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Investment portfolio

  • Waabi

    Participated · Series C · Jan 2026

    Waabi builds a Physical AI platform that couples a verifiable, end-to-end AI model with an advanced neural simulator, allowing one shared ‘brain’ to control both autonomous long-haul trucks and urban robotaxis. The technology is designed to reason about the physical world and speed safe deployment of self-driving vehicles. With its latest financing, the company is focusing on accelerating commercial rollout in autonomous trucking while preparing a push into ride-hailing robotaxis through a new partnership with Uber. Waabi intends to run its robotaxi service exclusively on Uber’s platform, leveraging the additional milestone-based capital committed by Uber. The firm positions its simulator as a key competitive advantage, enabling rapid AI training and validation without excessive on-road testing. Financially, Waabi has now secured up to $1 billion USD of fresh capital, including a $750 million Series C round and contingent follow-on funding from Uber. This infusion provides significant runway to scale its engineering team, expand pilot programs, and advance toward full-scale commercialization.

  • Naluri Life

    Led · Series B · Aug 2025

    Naluri provides digital employee health and wellbeing services from its base in Singapore. The company has secured a $5 million tranche led by Telus Global Ventures’ Pollinator Fund for Good. Sumitomo Corporation Equity Asia, M Venture Partners and unnamed investors also participated in the raise. The $5 million is part of a broader $14 million Series B round. Proceeds will be used for working capital, market expansion and to support a new commercial partnership. The raise is framed as an expansion-focused round to accelerate the company’s commercial growth. Naluri operates a digital platform (the Naluri app) that pairs evidence-based interventions with human-led clinical expertise to deliver integrated, person-centred care for people at risk of or managing chronic and mental health conditions. The company serves more than 75 of the region’s leading employers across industries including financial services, oil and gas, property development, telecommunications, tertiary education and aviation. Founded in 2017 and based in Malaysia, Naluri currently operates in Malaysia, Singapore, Thailand and Indonesia and has imminent plans to expand into the Philippines, Hong Kong and Australia. Its core offering blends digital tools with coaching and clinical support to prevent and manage pervasive chronic and mental-health conditions. The business recently secured new capital to accelerate regional expansion and bolster operations across existing markets. Leadership emphasizes rapid, effective scaling of prevention and care services to reach more people in the region. Naluri Hidup is a Malaysia-based digital health service provider. The company announced it closed a $5 million Series A funding round. The article does not provide details on the company's specific products or services beyond describing it as a digital health provider. No operating metrics, founding year, or use-of-proceeds information are included in the article. Participating investors and any strategic or financial partners were not disclosed. The article also does not describe the company’s future plans or roadmap. Naluri is a Malaysia-based digital health startup. The company provides digital health services and is eyeing regional expansion. Naluri announced it had closed a $1.5 million pre-Series A funding round. The round was led by German venture capital firm Global Founders Capital. No operating metrics, past rounds, or other investors were disclosed in the report. Naluri Hidup is described in the article as a Malaysia-based digital health startup. The report states the company closed seed financing totaling roughly RM1 million (approximately $258,570). The round was led by Singapore-based healthcare analytics firm BioMark alongside Silicon Valley’s 500 Startups participating via its Southeast Asia-focused fund, 500 Durians. The article does not disclose details about Naluri Hidup’s specific products, services, user metrics, revenue, or financial runway. No information on the company’s future plans, product roadmap, or additional operating metrics was provided in the article. Further company or market details were not included in the sourced text.

  • Unmind

    Led · Equity · Jul 2025

    Unmind offers a workplace mental health platform that delivers complete care in one solution, powered by AI. The platform combines human expertise, digital innovation, and proven science to provide proactive mental health tools, therapy, coaching, crisis support, AI guidance, 24/7 programs, and wellbeing tracking. At the heart of the product is Nova, an AI-powered agent that guides people to the right care while keeping data private and conversations clinically overseen. Led by CEO Dr. Nick Taylor, Unmind is used by global brands and supports nearly 3 million employees worldwide, including Uber, Disney, Major League Baseball, Standard Chartered, and Diageo. The company intends to use the $26M in growth capital to expand operations and its development efforts. Unmind provides proactive and reactive workplace mental health solutions including therapy, coaching, science-backed content, advanced wellbeing tools, and AI coaching in a single platform. Its offering includes Nova, a generative AI–powered companion delivering personalized mental health guidance. The platform is already used by leading global brands such as Uber, Samsung, Disney, Standard Chartered, Diageo, and British Airways and supports over 2.5 million employees worldwide. Unmind plans to scale its activities and accelerate U.S. expansion while deepening strategic partnerships. Leadership includes CEO and co-founder Dr. Nick Taylor and newly appointed Chief Revenue Officer Laura Moniz de Aragao, who joins from BetterUp. Financially, Unmind has raised $82 million to date and is using new capital to expand product and market reach. Unmind offers a workplace mental-health platform that combines self-guided tools, assessment questionnaires, and anonymized employer analytics to help employees measure, understand and improve mental well-being. Its core product prompts employees with questions to identify issues such as depression, anxiety and insomnia, then provides proactive, self-guided interventions alongside complementary services like EAPs or teletherapy. Employers receive anonymized data to understand workforce needs and target interventions. The company says its services are available to more than 2 million employees in 110 countries, with uptake in organizations ranging from 15% to over 60%; 88% of users reported improvements in well-being, work or relationships, and 92% reported higher confidence and awareness. Revenues grew by more than 3x in the last 12 months. Unmind plans to use new funding to continue investing in research and development and to expand its business reach. Unmind provides companies with a platform for employees to measure and manage mental wellbeing through scientifically backed assessments and training programs. Its training content is produced in partnership with authors, experts and clinicians. The solution also supplies organizations with aggregated, anonymous data to guide broader mental-health strategy. Unmind serves clients including British Airways, John Lewis & Partners, ASOS and Just Eat. The company was founded in 2016 by Dr. Nick Taylor and is based in London. It recently raised €9.1M in Series A funding and plans to use the proceeds to hire new staff and expand the business. Founded in 2016, Unmind provides a mobile-first, clinically backed mental health platform for workplaces, offering bite-sized exercises, personalised assessments, and customised programmes for issues like stress, focus, and sleep. The service is designed to be anonymous and preventative, enabling employees to measure, manage and improve their mental health anytime on any device. Unmind targets enterprise clients, focusing on organisations with 1,000-plus employees, and says it is used in many countries. Its client roster includes John Lewis & Partners, Made.com, Square Enix, William Hill, Yorkshire Building Society, Thomsons Online Benefits and Pentland Brands. The company emphasizes a consumer-grade product experience and a growing proprietary content library. Unmind’s broader vision is to create workplace environments where mental health is universally understood, nurtured and celebrated.

  • Swift Navigation

    Participated · Series E · Jul 2025

    Swift Navigation offers Skylark, a real-time cloud-based precise positioning service that corrects GNSS errors to deliver centimeter-level accuracy for high-volume applications. Skylark is designed for mass-market adoption and operates entirely in the cloud without the need for expensive physical data centers. The service is certified to meet ISO 26262:2018 functional safety standards for road vehicles. Swift reports that Skylark supports over 10 million ADAS-enabled and autonomous vehicles and contributes to global programs for more than 20 automotive OEMs and leading robotics companies. With the new funding, Swift plans to expand adoption across use cases including digital mapping and precision mobile navigation. Timothy Harris is cited as Co-Founder and CEO in the announcement. Swift Navigation offers a comprehensive GNSS platform used across automotive, industrial, and consumer markets. Its products include Skylark, a global wide-area cloud-based GNSS precise positioning service, and Starling, a receiver-agnostic client software positioning engine, along with a variety of Swift and third-party compatible receivers. The platform supports single- and multi-frequency, multi-constellation automotive and commercial-grade GNSS measurement engines and chipsets. Use cases include improved mobile phone positioning (navigation, traffic, augmented reality), continent-wide rail tracking and safety, and enhanced RTK for machine control and guidance in agriculture, construction, and robotics. Customers include automotive OEMs and Tier 1 suppliers, last-mile delivery providers, mobile handset and application companies, and builders of rail, industrial machine control, and IoT platforms. The company intends to use new funding to accelerate growth and expand operations, and to date has raised over $200 million in funding. Swift Navigation builds GNSS and precise positioning technology, including the cloud-based Skylark precise positioning service, the receiver-agnostic Starling software positioning engine, and RTK hardware such as Piksi Multi and Duro devices. Its platform delivers centimeter-accurate, continent-scale positioning across the U.S., Europe, Japan, South Korea, Australia and a growing number of countries. Customers include automotive OEMs, last-mile delivery providers, mobile providers and makers of rail, industrial, micromobility and IoT platforms. The company emphasizes integration with automotive sensor suites and mobile devices to enable lane-level accuracy with privacy and security. Swift plans to use the Series C proceeds to scale customer deployments and continue worldwide expansion. To date the company has raised $97.6 million in funding. Swift Navigation is a San Francisco-based company founded in 2012 by Timothy Harris that develops centimeter-accurate GNSS/GPS technology. Its core products include Piksi Multi, a multi-band, multi-constellation high-precision GNSS receiver with seconds-level convergence, and Duro, a ruggedized version for harsh outdoor deployments. The company serves over 2,000 customers across autonomous vehicles, precision agriculture, UAVs, robotics, maritime, transportation/logistics and outdoor industrial applications. In June 2017 it raised $34M in a Series B, bringing total funding to $47.6M. Swift plans to use the funds to scale customer deployments, grow its team, and invest in core engineering and R&D. It also intends to introduce additional next-generation products in 2017. Swift Navigation develops accurate Real Time Kinematics (RTK) GPS positioning technology for applications including unmanned aerial vehicles, precision agriculture, self-driving cars, robotics and surveying. Led by CEO Tim Harris, the company has sold its first product, Piksi™, to over 1,200 customers. Swift is planning to introduce two next-generation products in 2016. Financially, the company has raised a total of $13.6M to date. The firm intends to use new funding to scale and grow its team and to invest in core engineering and R&D.

  • Tastewise

    Led · Series B · Jun 2025

    Tastewise combines brand data with trillions of real-time food signals to power generative-AI tools for marketing and sales across retail and foodservice. The platform integrates into daily workflows to turn data into sales materials, campaigns, product placements, and ready-to-use content in real time. Clients have cut launch timelines by 6–8 months and saved millions on execution costs, and Tastewise helped Kroger reposition a product line for rollout across hundreds of stores. The company supports 80% of the world’s top food and beverage companies, including Mars, Campbell’s, and Kraft Heinz. Tastewise plans to use new capital to expand in North America, Europe, and APAC while deepening integrations with leading marketing-technology stacks and broadening its toolset. Financially, the company announced a $50 million Series B, bringing total funding to date to $72 million. Tastewise builds artificial intelligence-driven data analytics to help food brands with product development, marketing and retail sales decisions. The platform monitors more than 1 million restaurants worldwide and connects food brands with consumers willing to try new products. Its customer base includes major food and beverage companies and food-tech startups such as Nestlé, PepsiCo, Kraft Heinz, Campbell’s and JustEgg. Since launching in 2017, Tastewise has expanded beyond the U.S. and U.K. and is working to grow its data and workforce in India, Australia, Germany, Canada and France. The company tripled revenue between 2020 and 2021 and has doubled its employee count in the U.S. and Israel. It currently works with nearly 15% of the top 100 food and beverage brands and dozens of food-tech startups. Tastewise provides an AI-powered platform that analyzes consumer interactions with food to identify what foods are trending and why. Founded by Alon Chen and Eyal Gaon and based in Tel Aviv, the company ingests over 1 billion food photos shared every month and maintains a restaurant menu database covering more than 180,000 U.S. restaurants. Tastewise breaks down data to the specific functions that interest consumers, delivering actionable insights to food and beverage companies. The company already works with Fortune 500 food and beverage brands and plans to expand the platform’s visual analysis to provide more proactive insights on emerging culinary trends. Tastewise intends to use the funding to further develop its AI technology and deepen its understanding of the human motivations behind food choices.

Team