Reuters Launches $150M Second Corporate Venture Capital Fund

Thomson Reuters on February 10 announced its second corporate venture capital fund, Thomson Reuters Ventures, with a target of $150M.

The fund follows the content and technology company's predecessor $100M first fund launched in 2021. It will target early-stage technology companies in the legal technology, tax and accounting, financial technology, risk fraud and compliance, and news and media markets. it will focus on series A investments but will have the flexibility to explore earlier and later-stage opportunities.

Through investments from the maiden fund, the venture capital vehicle built a portfolio of 23 companies, including Spellbook, Materia, Payall, Ledgible, Redbird, NorthStar, Noetica and Tabs. With the second fund, Reuters is reaffirming its commitment to driving innovation and delivering customer value.

"Through this larger fund, we're expanding our ability to identify and support companies at the forefront of change," said Thomson Reuters Ventures Managing Director Tamara Steffens, noting that the new fund is an essential part of the company's "Build, Partner, Buy" strategy.

Written By: Dakota

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