Thomson Reuters Ventures’ second fund, launched four years after its first, will back fintech, news and media, legal and accounting startups.
Four years after launching its inaugural investment fund, Thomson Reuters Ventures, the corporate VC arm of media and information conglomerate Thomson Reuters, has launched its second vehicle, capitalised at $150m.
The new fund will focus on early-stage companies in fintech, tax and accounting, legal technology, news and media, and risk, fraud and compliance. It will focus primarily on series A investments but retain the flexibility to go earlier or later.
“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 the corporate venturing unit’s managing director Tamara Steffens in a release.
The first fund has made 23 investments to date. Its portfolio includes AI workers for insurance developer HerculesAI, verified information capture technology provider Detected, benchmarking for M&A technology provider Noetica, and document processing platform provider Wisedocs.
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
