Expanding its investment strategy, Thomson Reuters unveils a $150M fund to support startups in legal tech, tax, fintech, and compliance.
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| Thomson Reuters launches a $150M venture capital fund to invest in early-stage tech companies, driving innovation in legal, fintech, and AI solutions. Image: ChicHue |
Toronto, Canada — February 12, 2025:
Thomson Reuters, a global content and technology company, has announced the launch of its second Corporate Venture Capital Fund, valued at $150 million. Building on the success of its first $100 million fund introduced in 2021, the new fund strengthens the company’s commitment to fostering innovation and delivering value to its customers.
Operating under the name Thomson Reuters Ventures, the fund will focus on investing in early-stage technology companies across sectors such as legal technology, tax and accounting, fintech, risk fraud and compliance, and news and media. The goal is to support companies that are shaping the future of professional work by integrating emerging technologies into efficient workflows and informed decision-making.
Tamara Steffens, Managing Director of Thomson Reuters Ventures, emphasized the strategic importance of the initiative, stating that Thomson Reuters Ventures plays a crucial role in the company’s “Build, Partner, Buy” strategy. She highlighted that the second fund expands the company's ability to identify and support innovative companies that align with its strategic vision.
Through its first fund, Thomson Reuters Ventures has already made 23 investments, including a notable one in Materia, an AI company later acquired by Thomson Reuters to enhance AI capabilities for tax, audit, and accounting professionals. With the new fund, the company will primarily target Series A investments while maintaining the flexibility to explore both earlier and later-stage opportunities.
Steffens underscored that the investment strategy is not just about financial returns but about fostering innovation that meets the evolving needs of customers and the professional markets the company serves. She expressed confidence that by partnering with visionary founders, Thomson Reuters can help scale transformative solutions while strengthening its leadership in professional technology.
The impact of these investments is already evident in companies such as Truewind, a recipient of Thomson Reuters Ventures funding. Alex Lee, CEO of Truewind, credited the partnership with accelerating the company’s growth and deepening its strategic collaboration with Thomson Reuters’ tax and accounting software team.
Thomson Reuters continues to advance its mission of providing trusted content and technology that empower professionals across legal, tax, accounting, compliance, government, and media sectors. With a focus on leveraging advanced technology, including generative AI, the company aims to enhance decision-making, efficiency, and transparency for its customers worldwide.