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Family HoldingPuts its own capital into companiesLAST VERIFIED Oct 2026 · 15 SOURCES

Wesley Clover International

Also known as Wesley Clover International Corporation, Wesley Clover

Ottawa private investment firm and family fund founded by Sir Terry Matthews; invests directly in early-stage technology companies and owns real estate and hospitality assets in Canada and the UK.

USEFUL FOR Fund managers raising capital · Co-investors

Sir Terry Matthews' private investment firm and holding company in Ottawa. Separate from Wesley Clover Parks (a not-for-profit recreation hub it supports) and from Celtic House Venture Partners, which spun off from his former vehicle Celtic House in 2002.

Family & background

FAMILY
Matthews
WEALTH ORIGIN
Telecommunications (founder of Mitel and Newbridge Networks)
HEADQUARTERS
Ottawa, Canada
FOUNDED
1972

Investment approach

SECTORS
Software & SaaSArtificial IntelligenceReal Estate & PropTech
GEOGRAPHY
CanadaUnited KingdomGlobal
ROUTES
Companies (own capital) · Funds (as LP)
STRATEGIES
Direct investmentsReal estate

Overview

Wesley Clover International was established in 1972 as the holding company used to launch Mitel and describes itself as a private global investment management firm and family fund. Founder and Chairman Terry Matthews uses it as a direct investment vehicle focused on early-stage technology ventures, and it says it has backed more than 140 founders with over $1.0B in direct investment, producing over 50 exits. It also runs the Alacrity Global startup programs (Canada, UK, France, Turkey, India, Mexico) and the L-SPARK accelerator, and owns KRP Properties, the Brookstreet Hotel in Ottawa and the Celtic Manor Resort in Wales.

Investment thesis

Primarily invests in technology companies delivering enterprise solutions in communications, cybersecurity, infrastructure, analytics and AI, often founding or funding startups that come out of its Alacrity programs.

Holdings & investments (45)

INVESTMENT ARMS & VEHICLES

  • Alacrity Global
    Startup programs in Canada, UK, France, Turkey, India and Mexico whose startups Wesley Clover funds
  • L-SPARK
    Corporate accelerator
  • Emend Vision Fund
    Industrial transformation impact fund
  • KRP Properties
    Commercial office space in Kanata North technology park
  • WCS Global
    Digital transformation and integration services

HOLDINGS & INVESTMENTS · MOST RECENT FIRST

People

  • Greg Vanclief
    E.V.P. Portfolio Business Strategy · source
  • Dylan Matthews
    Director Operations and Portfolio, Wesley Clover · source
  • Terry Matthews
    Founder and Chairman · source
  • Paul Chiarelli
    President and COO · source
  • Veronica Farmer
    Chief Marketing Officer · source
  • Arda Ozgun
    VP Product Management · source
  • Rod Price
    VP Strategic Partnerships · source
  • Don Smith
    Executive Advisor · source
  • Ismet Yazici
    E.V.P. Business Development · source
  • Owen Matthews
    Chairman Alacrity Canada; Managing Partner Emend Vision Fund · source
  • Karen Sparks
    Executive Director Wesley Clover Parks · source
  • Trevor Matthews
    CEO Brookstreet Pictures · source
  • Golriz Fattahi
    Chief Executive Officer, Alacrity Canada · source
  • Hannah Williams
    CEO Alacrity UK · source
  • Matthieu Delporte
    President Alacrité France · source
  • Tolga Gures
    Managing Director Alacrity Turkey · source
  • Mario Vazquez
    President & CEO WCS LATAM; Chairman Alacrity Mexico · source
  • Nyle Kelly
    General Manager at Brookstreet Hotel & Marshes Golf Club · source
  • Julie Hammond
    Group Chief Executive Officer at The Celtic Collection & ICC Wales · source
  • Richard Egli
    Managing Partner, Emend Vision Fund · source
  • Todd Tessier
    CFO and Finance Partner, Emend Vision Fund · source
  • Terry Young
    President, KRP Properties · source
  • Leo Lax
    Co-Founder & Executive Managing Director, L-SPARK · source
  • Mel Bond
    Director of Operations, L-SPARK · source
  • Tiffani Westerman
    CEO WCS North America · source
  • Amin Yousif
    President WCS MEA · source
  • Lionel Hovsepian
    President WCS Europe; Chairman Alacrité France · source
  • Nihar Ranjan Sahoo
    Managing Director WCS India · source

Frequently asked questions

Wesley Clover International is a family holding based in Ottawa, Canada, founded in 1972.

Wesley Clover International invests on behalf of the Matthews family (Telecommunications (founder of Mitel and Newbridge Networks)).

Wesley Clover International invests its own capital into companies and in third-party funds as an LP. Its stated asset mix includes direct investments and real estate.

Wesley Clover International invests in Software & SaaS, Artificial Intelligence and Real Estate & PropTech.

Key people at Wesley Clover International include Terry Matthews (Founder and Chairman), Paul Chiarelli (President and COO), Veronica Farmer (Chief Marketing Officer) and Arda Ozgun (VP Product Management).

Wesley Clover International's holdings and investments include Newbridge Networks, Mitel, Celtic Manor Resort, KRP Properties, Pisano, Solink, Brookstreet Hotel and Brookstreet Pictures, among others.