Well-diversi昀椀ed Europe At a country level, investment trends also show a high degree of sector diversity. The dominance of capital 昀氀ows into the Carbon & Energy sector, notably, is present across almost every major European country. This sector captured a particularly high share of capital invested in the Nordics, representing 48% of all capital invested in Norway and 44% in Sweden. In Denmark and Switzerland, however, Health is the single largest investment sector of 2023, representing 39% and 38% of total capital invested, respectively. Distribution (%) of total capital invested by sector and by top 10 countries by total investment, 2023 Transportation 100 Food and Drinks (incl. Agriculture) Education Wholesale & Retail 75 Warehousing & l a Manufacturing t i p a Social, Arts, c l Entertainment & a 50 t o t Recreation f o Digital Infrastructure % Finance & Insurance 25 Enabling Technologies Health Software Carbon & Energy 0 m e y s n d in y rk ly o c n d e n a a a a n a n d a w t d a a e rl p r m I g r m rl S o n F r e w ze n i e h S t N e d K G t wi D e e S Notes: nit N Data is as of 30 September U 2023. Excludes the following: biotech, secondary transac- tions, debt, lending capital, Sources: Powered by and grants. | 132