TORONTO, Feb. 10,
2025 /CNW/ -- Thomson Reuters (NYSE/TSX: TRI), a
global content and technology company, today announced the launch
of its second Corporate Venture Capital Fund, valued at
$150 million. Building on the success
of its first $100 million fund,
launched in 2021, Fund 2 reaffirms the company's commitment to
driving innovation and delivering customer value.
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 continue to invest in companies
shaping the future of professional work, aligning emerging
technologies with the company's mission to bring its customers
products that empower informed decisions and efficient
workflows.
Doubling Down on Innovation
"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. "Through this larger fund, we're
expanding our ability to identify and support companies at the
forefront of change."
Thomson Reuters Ventures has already made 23 investments through
its first fund. 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.
Strategic Focus Areas
Fund 2 will target Series A investments, with flexibility to
explore earlier and later-stage opportunities. The Thomson Reuters
Ventures investment approach will continue to be one of financial
discipline, focusing on companies developing technologies that
address the most pressing challenges faced by professionals today,
including realizing the transformative potential of Gen AI.
"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. By collaborating with visionary founders, we can help scale
transformative solutions while reinforcing our leadership in
professional technology."
Supporting Visionary Founders
"Thomson Reuters Ventures and their investment in Truewind has
been instrumental in our growth," said Alex
Lee, CEO of Truewind. "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."
For more information about Thomson Reuters Ventures, please
visit https://www.trventures.com/
Thomson Reuters
Thomson Reuters (TSX/NYSE: TRI) informs the way forward by
bringing together the trusted content and technology that people
and organizations need to make the right decisions. The company
serves professionals across legal, tax, accounting, compliance,
government, and media. Its products combine highly specialized
software and insights to empower professionals with the data,
intelligence, and solutions needed to make informed decisions, and
to help institutions in their pursuit of justice, truth, and
transparency. Reuters, part of Thomson Reuters, is a world leading
provider of trusted journalism and news. For more information,
visit tr.com.
Contacts
Kent Carter
kent.carter@thomsonreuters.com
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SOURCE Thomson Reuters
