Thomson Reuters (NYSE/TSX: TRI), a leading global content and technology company, has unveiled its second Corporate Venture Capital Fund, worth $150 million. This follows the success of its first $100 million fund, launched in 2021, reinforcing the company’s commitment to innovation and customer-centric solutions.
Operating under the name Thomson Reuters Ventures, Fund 2 will target early-stage technology companies specializing in Legal Technology, Tax & Accounting, Fintech, Risk, Fraud & Compliance, and News & Media.
Through these investments, main aims are to support companies shaping the future of professional work, integrating emerging technologies to enhance decision-making and streamline workflows for its customers.
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.”