- Thomson Reuters announced it has created a new $100 million Corporate Venture Capital (CVC) fund. These are the details.
Thomson Reuters announced it has created a new $100 million Corporate Venture Capital (CVC) fund to support and accelerate innovation for the “Future of Professionals.” This fund will operate under the name “Thomson Reuters Ventures” and concentrate on investments and portfolio support for companies building breakthrough innovations that will allow professionals to operate more productively and with greater insights.
Known as a leader in content-enabled technology across the Legal, Tax & Accounting, Risk, Fraud, Compliance, and News & Media markets, customers depend on Thomson Reuters to deliver trusted solutions to manage and grow their businesses. And Thomson Reuters Ventures builds on this commitment by investing in and supporting the broader ecosystem focused on these same challenges.
Thomson Reuters Ventures is going to invest primarily in earlier-stage companies via Series A and B rounds with a broad lens across Legal, Tax & Accounting, Risk, Fraud, and Compliance, News and Media, Corporates and adjacent areas.
KEY QUOTES:
“I’m delighted to add Thomson Reuters Ventures as another way that we are investing in innovation and serving our markets. Our customers are the most informed professionals in the world, and they need trusted, accurate, and effective solutions now more than ever. We’re excited to partner with founders and entrepreneurs who share these goals, and to continue to drive emerging solutions as the industry leader.”
— Steve Hasker, President and CEO of Thomson Reuters
“Thomson Reuters Ventures is ultimately about investing in innovation and serving customers. Whether it be AI and Machine Learning innovations that allow professionals to better predict outcomes, identify and act on trusted information, or automate processes for greater efficiency, the overall goal remains the same. We are focused on identifying and supporting innovative companies that can help our customers deliver more value to their customers.”
— Pat Wilburn, Chief Strategy Officer of Thomson Reuters, and Executive Director of Thomson Reuters Ventures
