Notes: 1) EU includes UK-based companies. 2) All 2022 data is through 9/30/22. 3) Mega-round defined as funding round ≥ $100M. 4) Female-founded companies refer to companies with at least one female founder. 5) Big Five tech includes Alphabet, Amazon, Apple, Microsoft and Meta. 6) IPO statistics only include venture-backed IPOs with a minimum of $25M proceeds raised. Source: PitchBook, SVB proprietary data and SVB analysis.