Thomson Reuters has unveiled its second Corporate Venture Capital Fund, Thomson Reuters Ventures Fund 2, with a value of C$150m ($104.58m).
This initiative builds on the success of its inaugural C$100m fund launched in 2021.
Thomson Reuters Ventures Fund 2 will concentrate on early-stage technology firms operating within legal technology, tax and accounting, fintech, risk fraud and compliance, and news and media markets.
The fund aims to invest in companies at the forefront of redefining professional work.
It intends to ensure that emerging technologies are in harmony with Thomson Reuters’ goal to offer products that support informed decision-making and streamline workflows.
Thomson Reuters Ventures managing director Tamara Steffens said: “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.
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By GlobalData“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, such as Materia, an agentic AI firm that was later acquired by Thomson Reuters to bolster AI capabilities for professionals in tax, audit, and accounting.
With a focus on Series A investments, Fund 2 maintains the flexibility to delve into both earlier and later-stage opportunities.
Thomson Reuters Ventures emphasises financial discipline in its investment strategy.
It targets companies that are creating technologies to tackle challenges faced by today’s professionals and unlocking the transformative potential of General AI.
In December 2024, Thomson Reuters was highlighted as leader in the field of tax automation in the IDC MarketScape reports.
