Thomson Reuters this week announced the launch of its second Corporate Venture Capital Fund, valued at $150m. Its first $100m fund was launched in 2021.
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 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 at 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. The fund invested a year ago in Zero Systems, which has rebranded as Hercules AI, in order to help it build its generative AI offering and is an investor in GenAI startup Spellbook.
Fund 2 will target Series A investments, with flexibility to explore earlier and later-stage opportunities.
“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.”
For more information see https://www.trventures.com/