Of course, AI is not the only sector where Europe has continued to perform, as the region continues to show dedication to solving humanity’s toughest challenges. The Carbon & Energy sector, which encompasses ‘climate tech’, accounts for 30% of all capital invested in European tech in 2023, tripling its share of total investment since 2021. This made it the single largest sector by capital raised, overtaking both 昀椀ntech and software. It’s encouraging to see capital 昀氀owing to companies solving the world’s most crucial challeng- es, despite di昀케cult market conditions. So, we’ve got the technical bedrock. We’re drawing new talent into our ecosystem. We’re starting more companies than any other region. We’re building our strongest ever teams. And we’re seeing the brightest talent being directed to the hardest and most pressing problems. We have all the ingredients to become the next tech superpower. We are at a crucial moment in the innovation cycle, standing before the greatest funding imperative we’ve seen in generations. European investors, both private and institutional, now need to plug this gap in funding if Europe is to reach its full potential. Tom Wehmeier Head of Intelligence & Partner, Atomico About Atomico Atomico invests in ambitious tech founders at Series A and beyond with a particular focus on Europe, lever- aging deep operational experience to supercharge their growth. Founded in 2006, Atomico has partnered with over 100 ambitious teams - including those at Klarna, Supercell, Graphcore, Compass, MessageBird, Masterclass, Attentive Mobile, Pipedrive and Hinge Health. Atomico’s team of founders, investors and opera- tional leaders have been responsible for global expansion, hiring and marketing at companies from Skype and Google to Twitter and Uber. 9 | A word from...