US investors Cents invested by US VC-funds for every $1 invested by retracted European VCs into European startups Cents vs $1 invested by European VCs 100c 75c European investors 66c US investors 54c 46c 50c 40c 34c 25c 2019 2020 2021 2022 H1’23 Source: Dealroom.co Notes: Data is as of 15 May 2023. Investor Summit 2022 - Confidential