Thomson Reuters Announces New $150M Corporate Venture Capital Fund

Rhea-AI Summary

Thomson Reuters (NYSE/TSX: TRI) has announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. This new fund builds upon the success of its first $100 million fund launched in 2021. Operating as Thomson Reuters Ventures, Fund 2 will target Series A investments in early-stage technology companies across Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets.

The first fund has already made 23 investments, including Materia, an agentic AI company that was later acquired by Thomson Reuters. The new fund will maintain a focus on financial discipline and companies developing technologies addressing professional challenges, particularly in Gen AI applications. The initiative is part of Thomson Reuters' 'Build, Partner, Buy' strategy, aiming to strengthen its leadership position in professional technology solutions.

Positive

• Launch of larger $150M venture fund, up from previous $100M fund
• Successful track record with 23 investments from first fund
• Strategic acquisition of Materia enhancing AI capabilities
• Focused investment strategy in core business areas

Negative

• None.

News Market Reaction – TRI

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+1.30% News Effect

On the day this news was published, TRI gained 1.30%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

TORONTO, Feb. 10, 2025  /PRNewswire/ -- Thomson Reuters (NYSE/TSX: TRI), a global content and technology company, today announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of its first $100 million fund, launched in 2021, Fund 2 reaffirms the company's commitment to driving innovation and delivering customer value.

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 will continue to invest in companies shaping the future of professional work, aligning emerging technologies with the company's mission to bring its customers products that empower informed decisions and efficient workflows.

Doubling Down on Innovation

"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, 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.

Strategic Focus Areas

Fund 2 will target Series A investments, with flexibility to explore earlier and later-stage opportunities. The Thomson Reuters Ventures investment approach will continue to be one of financial discipline, focusing on companies developing technologies that address the most pressing challenges faced by professionals today, including realizing the transformative potential of Gen AI.

"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."

Supporting Visionary Founders

"Thomson Reuters Ventures and their investment in Truewind has been instrumental in our growth," said Alex Lee, CEO of Truewind. "Their thoughtful partnership and expertise helped us develop a strategic relationship with the Thomson Reuters tax and accounting software team, accelerating our ability to deliver value to customers."

For more information about Thomson Reuters Ventures, please visit https://www.trventures.com/

Thomson Reuters

Thomson Reuters (TSX/NYSE: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit tr.com.

Contacts

Kent Carter
kent.carter@thomsonreuters.com

 

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SOURCE Thomson Reuters

FAQ

How much is Thomson Reuters (TRI) investing in its new venture capital fund?

Thomson Reuters is investing $150 million in its second Corporate Venture Capital Fund, which is $50 million more than its first fund launched in 2021.

What sectors will Thomson Reuters (TRI) Fund 2 target for investments?

Fund 2 will focus on early-stage technology companies in Legal Technology, Tax & Accounting, Fintech, Risk Fraud & Compliance, and News & Media markets.

How many investments did Thomson Reuters (TRI) make through its first venture fund?

Thomson Reuters Ventures made 23 investments through its first venture capital fund.

What investment stage does Thomson Reuters (TRI) Fund 2 primarily target?

Fund 2 will primarily target Series A investments, with flexibility to explore both earlier and later-stage opportunities.

What was Thomson Reuters (TRI) most notable investment from its first fund?

Materia, an agentic AI company, was a notable investment from the first fund, which was later acquired by Thomson Reuters to enhance its AI capabilities for tax, audit, and accounting professionals.