Deal share by series in Europe Deal share by series in Europe H1'17, number of closed deals 2016, number of closed deals 1.3% 1.6% Angel/seed 3.5% 2.5% 9.8% 6.4% Series A 19.5% Series B 22.7% Series C 62.8% 70.0% Series D+ Deal share by series in Europe Deal share by series in Europe H1'17, VC invested ($B) 2016, VC invested ($B) 15.0 9.1% 12.3% 23.5 % Angel/seed % 16.3% Series A 14.6 % 27.5% Series B Series C 27.2 19.7 % 34.9% % Series D+ Source: Venture Pulse, Q2'17, Global Analysis of Venture Funding, KPMG Enterprise. Data provided by PitchBook, July 13, 2017. © 2017 KPMG International Cooperative (“KPMG International”). KPMG International provides no client services and is a Swiss entity with which the independent member firms of the KPMG network are affiliated. #Q2VC