It’s a global Change in capital invested, 2023F vs. 2021 (%) by region phenomenon China United States Europe RoW 2021 2021 2021 2021 $83B $300B $106B $143B 2023F 2023F 2023F 2023F $42B $153B $51B $77B Change in investment levels, -49% -49% -52% -46% 2023F vs. 2021 (%) by region Source: Atomico (powered by Dealroom.co and Crunchbase) Notes: Data is as of 14th of May, with May total extrapolated based first half of the month data. Full year extrapolated based on year to date data. Excludes the following: biotech, secondary transactions, debt, lending capital, and grants. CONFIDENTIAL