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Thomson Reuters launches $100 mln venture capital fund


Oct 14 (Reuters) – Thomson Reuters Corp (TRI.TO) is launching a $100 million venture capital fund to put money into early stage corporations that serve skilled audiences within the authorized, tax and accounting, and news media enterprise.

The fund, named “Thomson Reuters Ventures,” is a part of Chief Executive Steve Hasker’s plan to remodel the supplier of news and data to professionals into what it calls a “content-driven technology business.”

The fund will deal with corporations of their Series A and Series B funding rounds.

Thomson Reuters needs to determine corporations than will help its prospects “deliver more value” to their prospects – whether or not that be machine studying for higher prediction, or automating for higher effectivity, stated Pat Wilburn, Chief Strategy Officer at Thomson Reuters.

Wilburn will function government director of the fund.

Thomson Reuters stated in August that on the finish of the second quarter $700 million remained from a $2 billion mergers and acquisitions price range. It stated it had a “robust” pipeline of targets in areas comparable to automation and small-to-medium cloud-based and software-as-services companies.

Reporting by Kenneth Li, Editing by Rosalba O’Brien

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The logo of Thomson Reuters is pictured at the entrance of its Paris headquarters, France, March 7, 2016.   REUTERS/Charles Platiau/File Photo

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