Thomson Reuters Ventures

Thomson Reuters Ventures is the corporate venture capital fund of Thomson Reuters, the information and software company behind products for legal, tax, accounting, compliance and news professionals. Thomson Reuters announced the unit in October 2021 as a $100 million fund aimed at what it called the future of professionals, with Pat Wilburn, then Chief Strategy Officer, as executive director. In February 2025 the company committed a further $150 million to a second fund, bringing committed capital across the two vehicles to $250 million. The parent describes the unit as a core part of its Build, Partner, Buy strategy, and its 2025 annual report filed with the SEC lists the venture fund alongside acquisitions as a lever for adding AI capability.

The first fund targeted primarily Series A and Series B rounds in legal, tax and accounting, risk, fraud and compliance, and news and media. Fund 2 keeps a Series A core with flexibility to go earlier or later, and adds fintech as a named focus area. BetaKit reported that Fund 2 expects to make 20 to 25 investments over three years with checks of $4 million to $7 million, plus reserves for pro rata follow-ons. Fund 1 made 23 investments; Global Venturing named HerculesAI, Detected, Noetica and Wisedocs among them, and the parent's 2025 release cited Truewind as a portfolio company.

The distinctive feature is the pathway from minority stake to product integration. Thomson Reuters Ventures invested in Materia, an agentic AI company for tax, audit and accounting work, at the seed stage, and Thomson Reuters later acquired the company in October 2024. Truewind's chief executive has credited the fund with helping build a relationship with the Thomson Reuters tax and accounting software team. Accounting Today reported the parent's own framing that financial return is not the main motivation compared with fostering innovation for professionals.