Share (%) of talent arrival in Europe per country and total funding raised (%) in Europe, 2023 Arrival % % of arrivals and departures Departure % 40 % of funding 30 20 10 0 K e y s n d n y k y e U c n d e n i a r al p n a n d a a w a t o a a e rl p r m I r r m rl S o u F r e w ze n E e S t N e G h i D f t w o e S t N s e R Talent arrivals Absolute arrivals and departures Talent departures 150 125 100 75 50 Notes: To adjust for lags in 25 reporting, we compare snapshots of data at different points in time, which allows us to estimate 0 future growth of current y s y y K e n d n d in a rk l e figures by extrapolating U c a n e n a a ta p n d a w o a a e rl p r m I r r m rl S o u F r w e n differences between time e e S tz N e f E G h i D t w o points. 2023E is based on e S t N s e data adjusted for lag effect R and extrapolated based on data as of 20 September 2023. Arrivals measured as Sources: Powered by employees joining tech companies only, but could have previously worked at either non-tech or tech companies. 173 | Talent