The venture capital fund will primarily invest in early-stage tech companies in sectors that are core to the Toronto-based firm’s business, including legal tech, accounting and news. It’s Thomson Reuters’ second and biggest corporate VC fund, with generative AI being one area of focus. (The Logic)

Talking point: The VC strategy gives Thomson Reuters—which is controlled by Canada’s richest family, the Thomsons—early access to companies whose technology can serve its business or which the media and professional services firm may later acquire. The company made 23 investments through its first fund, a pool of US$100 million launched in 2021. It has gone on to acquire at least one of those investments, an AI agent firm called Materia, to serve Thomson Reuters’ tax, audit and accounting business.