KPMG has launched its own London based, global investment fund, KPMG Capital.
The fund will invest primarily in data and analytics businesses via strategic acquisitions, technology partnerships and other data and analytics capabilities.
It will also work to develop technology consultancy in sectors such as healthcare, financial services, energy and telecommunications.
KPMG UK chairman Simon Collins said: "Technology isn’t following the old rules – innovation is happening in universities, in small informal businesses and through curious individuals.
"For a major company to harness this we have to be more agile – co-investing, sponsoring and partnering at early stages and encouraging technology entrepreneurs to be bold. KPMG Capital gives us the dedicated funding and flexibility to do this."