Terry Doyle, managing partner at Telus Global Ventures, is one of the 100 leading corporate venturing professionals in our 2025 Powerlist.
“I came across Telus when I was out investing on my own. The company was looking for somebody to help it continue to grow and build out its corporate venturing fund. When I was approached two years ago in May, I was intrigued by the breadth of its investments in a number of interesting areas and could not help but join it,” says Terry Doyle.
Doyle’s experience includes corporate and business development roles at BT Global Services, Nokia and Microsoft. He was co-chair of C100 Association – a non-profit that connects Silicon Valley innovators with Canadian startups, corporations and government to drive economic growth in Canada.
He says Telus Global Ventures (TGV), the corporate VC arm of Canada-based global technology company Telus, has a strategic focus. “Our job is to help drive the product roadmaps of the various businesses across Telus,” says Doyle.
“There is greater opportunity now than in boom times.”
“We measure our impact on the business through the amount of commercial activity we do with our portfolio companies. We have about 90+ portfolio companies and nearly 70% of them have a commercial deal with Telus. In fact, 90% of our deals in 2024 had a commercial deal associated with it,” says Doyle.
He highlights two particular partnerships, including League, a Canadian digital health benefits startup, that plays into TGV’s interest in digital health. The other is Dryad Networks, a German startup that provides ultra-early wildfire detection and which can be beneficial to Telus’ customers within the mining and oil exploration sectors to keep employees and equipment safe in remote areas.
Current economic uncertainty gives Doyle some pause. “We operate in 160 countries, which means we are exposed to markets all over the world. We would be remiss if we did not pay attention to the impact of some of these external economic events,” he says.
“But there is greater opportunity now than in boom times. We do not invest out of fear – we base our investments on courage, understanding and conviction. For example, when venture investments dropped in 2023, TGV did 30 transactions that year.”
The Global Corporate Venturing Powerlist represents the 100 individuals spearheading the future of the corporate venturing industry.
These individuals excel in terms of their venturing approach and structure, number and quality of portfolio companies and in their contributions to the corporate venturing profession.
