What are the most important considerations when selecting an investor to lead your next round? Over the past 12 months, and thinking gnerally about the market, what in your opinion have been the most decisive factors to win a competitive deal situation? Notes: Founder and VC respondents only. Respondents who selected “other” are excluded from Sources: data. Number do not add to 100 as respondents could choose multiple options. | 100

State of European Tech | 2023 - Page 100 State of European Tech | 2023 Page 99 Page 101