TDK Ventures has announced that it is expanding to Europe to invest its $150M fund into clean energy. The company's first European office will be in London. TDK Ventures' EX1 fund will be deployed in European and North American startups that help accelerate the decarbonization process globally. - The firm claims that it chose London as its first office location in Europe due to its tech ecosystem, which includes a large number of startups and venture capitalists.
- TDK Ventures is the venture capital arm of TDK Corporation, a Japanese conglomerate that specializes in manufacturing electronic components.
- This announcement comes at a time when the U.K. government is actively presenting the country as a tech hub and has made legislative changes to become more competitive.
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