Thomson Reuters Announces New
$100 Million "Future of
Professionals" Venture Capital Fund
TORONTO, Oct. 14, 2021 -- Thomson Reuters today announced
the creation of a new $100 million
Corporate Venture Capital (CVC) fund to support and accelerate
innovation for the "Future of Professionals." The 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.
As a leader in content-enabled technology across the Legal, Tax
& Accounting, Risk, Fraud, Compliance, and News & Media
markets, customers rely on Thomson Reuters to deliver trusted
solutions to manage and grow their businesses. Thomson Reuters
Ventures builds on this commitment by investing in and supporting
the broader ecosystem focused on these same
challenges.
"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," said 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," said Pat Wilburn, Chief
Strategy Officer of Thomson Reuters, and Executive Director of
Thomson Reuters Ventures.
Thomson Reuters Ventures will 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. Our market positions,
relationships with customers and organizational resources make us
an ideal partner for entrepreneurs building and scaling
companies.
Learn more about Thomson Reuters Ventures here.
Thomson Reuters
Thomson Reuters is a leading provider of business information
services. Our products include highly specialized
information-enabled software and tools for legal, tax, accounting
and compliance professionals combined with the world's most global
news service – Reuters. For more information on Thomson Reuters.
For more information on Thomson Reuters, visit tr.com and for
the latest world news, reuters.com.
CONTACT
Andrew Green
Senior Director, Corporate Affairs
+1 332 219 1511
andrew.green@tr.com