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Thomson Reuters Launches $150 Million Corporate Venture Capital Fund

On February 10, 2025, Thomson Reuters (NYSE/TSX: TRI), a leading global content and technology firm, announced the debut of its second Corporate Venture Capital Fund, valued at $150 million. This new fund builds upon the success of its predecessor, which was launched in 2021 with an initial commitment of $100 million. The launch of Fund 2 underscores the company’s dedication to fostering innovation and delivering enhanced value to its customers.

Commitment to Innovation

With its investment arm continuing under the name Thomson Reuters Ventures, Fund 2 will concentrate on early-stage technology firms operating across various sectors such as Legal Technology, Tax Accounting, Fintech, Risk Fraud & Compliance, and News Media. This strategic focus is designed to align emerging technologies with Thomson Reuters' mission to equip customers with the tools they need for informed decision-making and efficient workflows.

Tamara Steffens, the Managing Director of Thomson Reuters Ventures, emphasized the crucial role the investment initiative plays in the company’s broader 'Build, Partner, Buy' strategy. "Fund 2 reinforces our commitment to maintaining leadership in our field by investing in pioneering companies that align with our strategic objectives," Steffens stated. This larger fund expands the organization's capability to identify and support firms at the forefront of industry transformation.

Investment Highlights

To date, Thomson Reuters Ventures has made 23 investments from its initial fund, with a noteworthy success being its investment in Materia—a groundbreaking AI company that was later acquired by Thomson Reuters to bolster its AI functionalities tailored for tax, audit, and accounting professionals.

Fund 2 will focus primarily on Series A funding, while remaining open to earlier and later-stage investment possibilities. The firm's investment approach will be characterized by financial prudence, emphasizing technology companies that are addressing the most pressing challenges in today's professional landscape, particularly leveraging the capabilities of Generative AI.

Supporting Innovative Founders

Thomson Reuters Ventures aims to be more than a financial backer. "We are dedicated to nurturing innovation that meets our customers' needs and those of the broader professional markets we serve," Steffens remarked. By collaborating closely with visionary founders, the firm seeks to help scale transformative solutions that will not only elevate their products and services but also maintain Thomson Reuters' forefront position in professional technology.

Alex Lee, CEO of Truewind, a company that benefited from Thomson Reuters Ventures, echoed this sentiment: "Their thoughtful partnership and expertise allowed us to develop a strategic relationship with the Thomson Reuters tax and accounting software team, accelerating our capacity to deliver value to our customers."

In conclusion, as Thomson Reuters embarks on this remarkable venture, the industry watches with interest. The fund not only promises to support innovation but also positions Thomson Reuters as a significant player in shaping the future of professional services through collaboration and strategic investments. For further details about Thomson Reuters Ventures, interested parties can visit trventures.com.

About Thomson Reuters

Thomson Reuters is an enterprise that integrates trusted content with technology, empowering various sectors, including legal, tax, accounting, compliance, government, and media. Its advanced software solutions and insights enable professionals to make informed decisions and support institutions in their quest for justice, truth, and transparency. For more information, visit tr.com.