Thomson Reuters Corp is starting a $100 million venture capital fund, the company reports.
The fund is called Thomson Reuters Ventures. It’s is part of CEO Steve Hasker's intent to make Thomson Reuters into a “content-driven technology business.”
The fund will invest primarily in earlier-stage companies via Series A and B rounds, across legal, tax and accounting, risk, fraud and compliance, news and media, corporates and adjacent areas, says a news release on the fund.
The fund will “concentrate on investments and portfolio support for companies building breakthrough innovations that will allow professionals to operate more productively and with greater insights,” says the release.
Pat Wilburn, chief strategy officer at Thomson Reuters, will be the fund’s executive director.
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