08.2 Capital flows by geography and industry There is a high level of industry diversity in terms of where capital is being invested in the European tech ecosystem at scale. The dominant industries in 2018 are fintech, software There is a high level of industry diversity in terms of where capital is being invested in the European tech for enterprise applications, digital health and transportation, all of which are on track to be ecosystem at scale. The dominant industries in 2018 are ntech, software for enterprise applications, digital health in excess of $2.5 billion in total capital invested in 2018. Beyond those four industries, there and transportation, all of which are on track for in excess of $2.5B in total capital invested in 2018. Beyond those are a further four industries that will all surpass $1billion in capital invested this year. four industries, there are a further ve industries that will all surpass $1B in capital invested this year. Capital invested ($M) by industry DATASET: CAPITAL INVESTED $2B+ IN 2018 5,000 $4,839M LEGEND Fintech $4,222M Enterprise software 4,000 Health ) $3,571M M $3,235M $ ( Transportation d e t3,000 s $2,622M e v $2,424M n i l a $2,054M t pi a2,000 C $1,520M $1,612M $1,414M $1,363M $936M $1,011M 1,000 $822M $552M There is a high level of industry diversity in terms of where capital is being invested in the European tech $465M $172M ecosystem at scale. The dominant industries in 2018 are ntech, software for enterprise applications, digital health 0 and transportation, all of which are on track for in excess of $2.5B in total capital invested in 2018. Beyond those 2013 2014 2015 2016 2017 2018 four industries, there are a further ve industries that will all surpass $1B in capital invested this year. LEGEND DATASET: CAPITAL INVESTED $1B-$2B IN 2018 Home $1,514M Media 1,500 Energy $1,297M 1,250 $1,192M Marketing $1,093M $1,120M ) $1,062M $1,015M Fashion M $989M $ $955M ( 1,000 d $883M e $867M t s $801M e v n i $701M l 750 a t pi $571M a $554M C 500 $431M $345M $346M $266M $204M There is a high level of industry diversity in terms of where capital is being invested in the European tech 250 ecosystem at scale. The dominant industries in 2018 are ntech, software for enterprise applications, digital health 0 and transportation, all of which are on track for in excess of $2.5B in total capital invested in 2018. Beyond those 2013 2014 2015 2016 2017 2018 four industries, there are a further ve industries that will all surpass $1B in capital invested this year. LEGEND DATASET: CAPITAL INVESTED $500M-$1B IN 2018 Travel $1,570M Food Internet of Things 1,500 $1,390M Education Gaming ) M $1,027M $ ( $975M Real estate d e 1,000 t $873M s e v $795M n $755M i $728M l $691M a t $662M pi a C $516M $516M 500 $437M $397M $409M $300M $347M $251M $262M $195M There is a high level of industry diversity in terms of where capital is being invested in the European tech $181M ecosystem at scale. The dominant industries in 2018 are ntech, software for enterprise applications, digital health $17M and transportation, all of which are on track for in excess of $2.5B in total capital invested in 2018. Beyond those 0 2013 2014 2015 2016 2017 2018 four industries, there are a further ve industries that will all surpass $1B in capital invested this year. LEGEND DATASET: CAPITAL INVESTED $250M-$500M IN 2018 Music 1,000 $943M Robotics HR & Recruitment Construction 750 $687M ) $638M Semiconductors M $633M $ ( d Security e t s e $484M $493M Telecom v n i 500 l $432M a t $389M $387M pi $365M $352M a C $292M $312M $272M $275M $250M 250 $197M $178M $189M $124M $100M $84M $64M $11M $22M $34M 0 2013 2014 2015 2016 2017 2018 Note: 2018 based on 9M to September 2018 and projection for Q4 2018 based on Q3 2018. & 111 In Partnership with www.thestateofeuropeantech.com