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 .
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.”
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.
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.