Thomson Reuters Announces New $150M Corporate Venture Capital Fund

Whats Happening:

Thomson Reuters is launching its second Corporate Venture Capital Fund, valued at $150 million. This new fund, called Thomson Reuters Ventures Fund 2, builds on the success of its first $100 million fund launched in 2021. It will focus on early-stage technology companies in Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets.

Key Moves:

• Thomson Reuters launches $150M Corporate Venture Capital Fund

• Fund 2 will focus on early-stage tech companies in legal, tax, fintech, risk, and media markets

• The fund will target Series A investments with flexibility for earlier and later-stage opportunities

By The Numbers:

• New fund valued at $150 million

• Builds on first $100 million fund launched in 2021

• 23 investments made through the first fund

Key Quotes:

• "Thomson Reuters Ventures is a pivotal component of the company's 'Build, Partner, Buy' strategy. Fund 2 underscores our commitment to maintaining a leadership position by investing in innovative companies that align with our strategic focus," said Tamara Steffens, Managing Director, Thomson Reuters Ventures.

• "Our investment strategy goes beyond financial returns," said Steffens. "We're committed to fostering innovation guided by the needs of our customers and the broader professional markets we serve."

Bottom Line:

Thomson Reuters' launch of a $150M venture fund demonstrates its commitment to driving innovation in professional technology. By investing in early-stage companies, the fund aims to shape the future of professional work and reinforce Thomson Reuters' leadership in providing solutions for informed decision-making and efficient workflows.

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