Fund profile / United States

Thomson Reuters Ventures (II)

Geography: United States
Stage: Series A
Fund size: $150M
Focus: SaaS
Signals: Published

N°01 / About

About Thomson Reuters Ventures (II)

Thomson Reuters Ventures (II) is a venture capital firm based in United States, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StageSeries A

Industry Focus

SaaS

Investor Signals Profile

active

Sweet Spot

Agentic AI B2B founder in legal, tax, or compliance

legal tech

tax & accounting

risk & compliance

fintech

AI-native

fiduciary-grade AI

Bullish Signals

$150M Fund 2 just launchedexternal

20–25 deals planned over 3 yrsexternal

Fund 1: 23 investments, 1 exitexternal

Cheques $4M–$7M + pro rataexternal

CoCounsel: 1M users, 107 countriesexternal

TR parent deeply embedded in target verticalsexternal

Agentic AI now in production at TRexternal

Top 100 CPA firms + Am Law 100 clientswebsite

95 of Fortune 100 use CoCounselwebsite

2026 AI report: agentic AI gaining tractionwebsite

ONESOURCE: IDC MarketScape leader x2website

47 U.S. state courts use CoCounselwebsite

CoCounsel Guided Workflows: production-grade launchedwebsite

97 of Am Law 100 now on CoCounselwebsite

Fiduciary-Grade AI™ framework drives defensible workwebsite

AI embedded in professional work — execution gap emergingwebsite

Multi-step workflow automation now production-readywebsite

KKR joint venture signals strategic pivotwebsite

175 yrs TR domain expertise embedded in AIwebsite

ONESOURCE: tax, trade, legal, risk unifiedwebsite

1M+ professionals trust Fiduciary-Grade AI™website

Suralink partnership: agentic audit workflows livewebsite

Leader IDC MarketScape e-invoicing 90 jurisdictionswebsite

Greenberg Traurig deploys next-gen CoCounsel Legalwebsite

Guided Workflows: messy multi-step automation solvedwebsite

2026 AI Pro Services Report: GenAI + agentic gainingwebsite

Contrarian Signals

Corporate CVC — strategic agenda appliesexternal

No independent LP baseexternal

Acquisition pipeline risk for foundersexternal

TR builds in-house — competes with portfolioexternal

TR pursuing return of capital & share consolidationwebsite

Court-approved capital return — parent distractedwebsite

KKR JV may shift TR strategic prioritieswebsite

Execution gap widening — not all firms readywebsite

Founder Do's

Build AI-native into core product

Operate in legal, tax, or compliance

Target Series A stage

Expect 7–10 yr horizon

Be open to TR acquisition pipeline

Focus on agentic AI execution

Solve multi-step workflow automation gaps

Integrate with professional audit/collaboration tools

Founder Don'ts

Expect quick exits or flips

Pitch outside legal/tax/risk/fintech

Avoid strategic CVC involvement

46 signals on Thomson Reuters Ventures (II)

26 bullish · 8 contrarian · 8 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$150M

Saves0

Website

People

Key People

Tamara Steffens

Tamara SteffensManaging Director

N°04 / See also

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