TDK Corporation announced that subsidiary TDK Ventures Inc., is expanding into the European market with plans to invest in startups in the region. The company selected London as the site of its first outpost for its ambitious quest to nurture energy transition, electrification, and decarbonization throughout Europe. At the same time, TDK Ventures will initiate its $150-million multi-LP Fund EX1.

The fund will focus on both European and North American-based energy-transformation startups in Seed and Series A stages. After thorough research, TDK Ventures chose London due to its deep venture-capital density as well as startups and investment funds that focus on the environment. The company also was impressed with the city's overall venture innovation ecosystem that comprises entrepreneurially minded scientific talent, a world-class university system, top-tier climate investors (both early and growth), centralized location, and access to strong public markets.