Thomson Businesshala launches $100 mln venture capital fund

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October 14 (Businesshala) – Thomson Businesshala Corp (TRI.TO) is launching a $100 million venture capital fund to invest in early-stage companies serving professional audiences in the legal, tax and accounting and news media businesses .

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The fund, named “Thomson Businesshala Ventures,” is part of chief executive Steve Hasker’s plan to turn the news and information provider to professionals into what he calls a “content-driven technology business.”

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The fund will focus on companies in its Series A and Series B investment rounds.

Thomson Businesshala chief strategy officer Pat Wilburn said Thomson Businesshala wants to identify companies that can help them “deliver more value” to their customers – whether it’s machine learning for better prediction, or Be automated for better efficiency.

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Wilburn will serve as the fund’s executive director.

Thomson Businesshala said in August that $700 million remained from a merger and acquisition budget of $2 billion at the end of the second quarter. It said it had a “robust” pipeline of goals in areas such as automation and small to medium cloud-based and software-as-service businesses.

Reporting by Kenneth Lee, Editing by Rosalba O’Brien

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