Rich Osborn, head of Canada-listed telecoms firm Telus’ corporate venturing unit, has left to rejoin venture capital firm RecapHealth Ventures as managing partner.
Before joining Telus Ventures in 2016, Osborn was the founder and managing partner of RecapHealth Ventures, a Canada-based investor in North American healthcare companies. Prior to founding it, he was a partner at private equity firm Second City Capital Partners, acquiring majority ownership positions in mid-market companies.
Osborn, a GCV Powerlist 2021 award winner, said: “After nearly six years at Telus Ventures I have decided to move on to new opportunities. My last day in office is Friday, August 6th. However, I will continue to support the team here through the end of year, including continuing to serve on portfolio board seats.
“I am immensely proud of the work we have done here in that time, growing from three people investing $8m a year to 14 professionals investing $180m annually.”
Telus Ventures invests in areas including agricultural, connected consumer, digital health and smart cities and the internet-of-things technology.
The unit most recently backed data-powered healthcare simulation service Lumeto, online pharmacy operator PocketPills, farm management software provider AgriWebb and Eseye, the developer of a machine-to-machine connectivity platform.
Telus Ventures exited healthcare communication and workflow management software developer PatientSafe Solutions when it was acquired by peer Vocera Communications in April 2021.
