Thomson Reuters launches $100 million investment fund | latest news

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The Thomson Reuters Foundation has launched a $100 million equity fund to invest in early-stage companies in the areas of law, tax, accounting and media.

The fund, called Thomson Reuters Ventures, is part of CEO Steve Hasker’s plan to transform the company that provides news and information to professionals into what he calls a “content-driven technology company.”

Pat Welburn, the company’s chief strategic planning officer, said Thomson Reuters wants to identify companies that can help their customers “get more value”, whether that’s through machine learning to achieve better expectations or automation for greater efficiency.

Wellborn will take over as CEO of the fund.





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