Slowdown Capital invested by country, H1’22 to H1’23 Funding visible across YoY change $20B Europe -57% H1’2022 $15B H2’2022 -55% H1’2023 $10B -44% $5B y y e e d a ds c UK tria op w an eden Spain r F Aus erlan erman Nor Sw f Eur Source: Atomico (powered by Dealroom.co G Denmark th and Crunchbase) t o Switzerlan s Ne e Notes: Data is as of 14th of May, with H1 total R extrapolated based on year to date data. Excludes the following: biotech, secondary transactions, debt, lending capital, and grants.