Global content and technology company Thomson Reuters announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of the first $100 million fund (launched in 2021), Fund 2 reaffirms the company’s commitment to driving innovation and delivering customer value.
While continuing to operate under the name Thomson Reuters Ventures, Fund 2 will focus on early-stage technology companies across Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets.
Thomson Reuters Ventures will also continue to invest in companies shaping the future of professional work, aligning emerging technologies with its mission to bring its customers products that empower informed decisions and efficient workflows.
Thomson Reuters Ventures has already made 23 investments through its first fund. And notable successes include the investment in Materia, an agentic AI company later acquired by Thomson Reuters to enhance its AI capabilities for tax, audit, and accounting professionals.
Fund 2 will target Series A investments, with the flexibility to explore earlier and later-stage opportunities. The Thomson Reuters Ventures investment approach will continue to be one of the financial disciplines, focusing on companies developing technologies that address the most pressing challenges faced by professionals today, including realizing the transformative potential of Gen AI.
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. Through this larger fund, we’re expanding our ability to identify and support companies at the forefront of change.”
“Our investment strategy goes beyond financial returns. We’re committed to fostering innovation guided by the needs of our customers and the broader professional markets we serve. By collaborating with visionary founders, we can help scale transformative solutions while reinforcing our leadership in professional technology.”
- Tamara Steffens, Managing Director, Thomson Reuters Ventures
“Thomson Reuters Ventures and their investment in Truewind has been instrumental in our growth. Their thoughtful partnership and expertise helped us develop a strategic relationship with the Thomson Reuters tax and accounting software team, accelerating our ability to deliver value to customers.”
- Alex Lee, CEO of Truewind
