Thomson Reuters Creates $ 100 Million New Venture Capital
- Thomson Reuters announced the creation of a new $ 100 million enterprise venture capital (CVC) fund. These are the details.
Thomson Reuters announced the creation of a new $ 100 million enterprise venture capital (CVC) fund to support and accelerate innovation for the âfuture of professionalsâ. This fund will operate under the name âThomson Reuters Venturesâ and will focus on investment and portfolio support for companies creating breakthrough innovations that will allow professionals to operate more productively and with better understanding.
Recognized as a content technology leader in the legal, tax and accounting, risk, fraud, compliance and information and media markets, clients depend on Thomson Reuters to provide reliable solutions to manage and develop their activities. And Thomson Reuters Ventures builds on that commitment by investing in and supporting the larger ecosystem focused on these same challenges.
Thomson Reuters Ventures will invest primarily in early stage companies via Series A and B with a broad focus covering legal, tax and accounting, risk, fraud and compliance, news and media, business and corporate. adjacent domains.
âI am delighted to add Thomson Reuters Ventures as another way to invest in innovation and to serve our markets. Our customers are the most informed professionals in the world and they need reliable, precise and efficient solutions more than ever. We are excited to partner with founders and entrepreneurs who share these goals, and to continue to deliver emerging solutions as an industry leader.
– Steve Hasker, President and CEO of Thomson Reuters
âThe ultimate goal of Thomson Reuters Ventures is to invest in innovation and serve customers. Whether it’s AI and machine learning innovations that enable professionals to better predict outcomes, identify and act on trusted information, or automate processes for greater high efficiency, the overall objective remains the same. We are focused on identifying and supporting innovative companies that can help our clients deliver more value to their clients. “
– Pat Wilburn, Chief Strategy Officer of Thomson Reuters and Executive Director of Thomson Reuters Ventures