Thomson Reuters Ventures

Spellbook now integrates content from Thomson Reuters Practical Law. Lawyers will be able to access the most trusted collection of standard documents and clauses, coupled with Spellbook's Word copilot. Through this integration, lawyers have the ability to: 1. Draw from Practical Law's comprehensive collection of attorney-editor created content. 2. Use Spellbook's AI to customize and refine content as needed. 3. Draft, review, and finalize gold standard contracts—all in one place. Learn more: https://lnkd.in/e4G6vhzW

Major Announcement: Thomson Reuters Ventures has invested in and is partnering with Propense.ai! Our partnership marks a major milestone in Propense’s journey to transform how accounting and legal professionals adopt AI to serve their clients.   Collaborating with Thomson Reuters  gives us the market access, professional services expertise, and strategic support to deliver data-driven insights to even more accounting and legal professionals who want to exceed client expectations and expand their clients’ relationships with the firm.   Our partnership will improve Propense’s ability to continue to build innovative solutions and expand our customer base.    Thanks to everyone at Thomson Reuters Ventures, but especially to Tamara Steffens and Joseph Dormani - we’re looking forward to empowering more accounting and legal professionals to anticipate and serve their clients’ needs. Read the Press Release below for all the details.   On behalf of all of us at Propense, thank you for believing in our mission to accelerate AI adoption and innovation within the professional services industry! #Propense #AI #ArtificialIntelligence #Accounting #Accountants #ProfessionalServices #B2B https://lnkd.in/evNF2J76

Very excited to announce Thomson Reuters' acquisition of Thomson Reuters Ventures' portfolio company Materia AI! Kevin Merlini and Lucas Adams built an amazing product and company. From the first day working together, they were laser-focused on developing an AI platform that delivered immense value to practitioners in the tax & accounting profession. It has been amazing to be along for the ride. Thrilled that we are going to be able to move even faster as one company forging the future of the tax & accounting profession. Congrats to the entire Materia team and can't wait to see what is next! https://lnkd.in/eDNxqrBi

$350+ billion in transactions touched. 100M+ in capital markets terms indexed. Referenced daily by the best firms in the world. and… $22M Series A These are things I couldn’t have imagined writing when we launched the Noetica AI platform under 1.5 years ago. Our goal at the outset was clear: provide best-in-class capital markets insights and data to our customers and focus relentlessly on the product—no gimmicks, no marketing, no frills—function over form. This commitment, and the tireless effort of our incredible team, has led to a platform that has quickly become one of the most relied on data sources for deal data across the market. We’re humbled and energized to expand our ability to meet the demand for our platform with this new capital. Thank you Lightspeed, Bling Capital, Thomson Reuters Ventures, Flybridge, Company Ventures and The LegalTech Fund for the partnership. https://lnkd.in/erk4ByWS

📣 It is almost 4 years ago that Avinash and I decided to start Payflow (YC S21) and today we have BIG news to share: We have just raised a 6M€ equity fundraising round! This brings the total equity raised to 17M€, and the total funding (including 20M€ debt from BBVA Spark) to 37M€. 🤑 Investors include Thomson Reuters Ventures, GED Conexo Ventures, Seaya, Cathay Innovation, Force Over Mass. We are truly thankful for the trust of our new investors, as well as the continued support of existing ones. ⛑️ In today’s world where fundraising is an order of magnitude harder than it was, we believe that building a healthy company is what is most rewarded by the market. 😎 “Profitability is the new cool”. For us and it numbers it means: -> Sustained growth: reaching the 4M€ ARR milestone and growing 100-200% YoY -> Sustainable growth: only 40 stellar Payflowees (100k€ of ARR per employee) and margins over 70% 🦄🐫 Nowadays, more money in the bank means more optionality. More optionality to: 1/ Accelerate if the market demands it 2/ Stay afloat when your competitors won’t 3/ Take bold moves that can really make a difference 4/ Reach profitability faster to not depend on external funding 💙 Wow this is exciting! Let’s win 🚀 https://lnkd.in/dj-8_WGY

Congratulations to HerculesAI in announcing the closing of its Series B funding milestone, and hats off to Streamlined Ventures. Thomson Reuters Ventures, Proof VC, Alumni Ventures and more. High fives to CEO Alex Babin and CTO Gevorg Karapetyan, and shout outs to Ullas Naik, Vas Bhandarkar, Thanasis "Thani" Delistathis, Andrew Schoenthal,, Maks Agamir and Eugene Malobrodsky.

The best VCs I’ve met come into our meeting with an opinion on the space I’m operating in. We very quickly get past the high level topics and get into the hard questions. What are the key drivers to winning in this market? What are the advantages of building in one workflow vs another? What does it mean to build an AI-native accounting solution? These meetings are win-win. I always leave these meetings having learned something new. And I hope the VC leaves the meeting with a deeper understanding of how we are building this company. Looking forward to catching up with several of you soon. If you have an opinion on AI for the CFO suite / Accounting, let’s talk Lastly, shout out to the Truewind investors who truly exemplify what it means to be value-add. Whether it’s facilitating partnership discussions, making customer introductions, inviting us to speak at conferences, or simply pick up the phone at 11pm at night. Thank you.

Recently, I was asked about AI's impact on jobs — will it replace some and create new ones? The simple answer is: AI isn't here to replace jobs, but to enhance backend processes. This shift is already transforming sectors like law and tax. I dive deeper into this on the Future of Work Podcast with host Dan Turchin 🎧 Listen to our conversation about AI in the workplace down below. #AI #FutureofWork #Podcast