14-10-2021, 06:46 PM
Thomson Reuters launches $100 mln venture capital fund
Reporting by Kenneth Li, Editing by Rosalba O'Brien
October 14, 2021 5:34 PM +07
Oct 14 (Reuters) - Thomson Reuters Corp (TRI.TO) is launching a $100 million venture capital fund to invest in early stage companies that serve professional audiences in the legal, tax and accounting, and news media business.
The fund, named "Thomson Reuters Ventures," is part of Chief Executive Steve Hasker's plan to transform the provider of news and information to professionals into what it calls a "content-driven technology business."
The fund will focus on companies in their Series A and Series B investment rounds.
Thomson Reuters wants to identify companies than can help its customers "deliver more value" to their customers - whether that be machine learning for better prediction, or automating for better efficiency, said Pat Wilburn, Chief Strategy Officer at Thomson Reuters.
Wilburn will serve as executive director of the fund.
More details in https://www.reuters.com/business/media-t...021-10-14/
Reporting by Kenneth Li, Editing by Rosalba O'Brien
October 14, 2021 5:34 PM +07
Oct 14 (Reuters) - Thomson Reuters Corp (TRI.TO) is launching a $100 million venture capital fund to invest in early stage companies that serve professional audiences in the legal, tax and accounting, and news media business.
The fund, named "Thomson Reuters Ventures," is part of Chief Executive Steve Hasker's plan to transform the provider of news and information to professionals into what it calls a "content-driven technology business."
The fund will focus on companies in their Series A and Series B investment rounds.
Thomson Reuters wants to identify companies than can help its customers "deliver more value" to their customers - whether that be machine learning for better prediction, or automating for better efficiency, said Pat Wilburn, Chief Strategy Officer at Thomson Reuters.
Wilburn will serve as executive director of the fund.
More details in https://www.reuters.com/business/media-t...021-10-14/
Specuvestor: Asset - Business - Structure.