Tech layoffs stay high as extended runways reach their limit

Plus, 6 reasons for optimism in LatAm March 1, 2024 Hi, {NAME}. Will the layoffs ever end? Maybe — but it looks like the time isn’t just yet. After tailing off a bit in December, [U.S. tech job cuts picked up again in January, our data shows](. February also brought a high number of mass layoffs, with both large-cap companies and startups trimming staff. Plus, [funding to Black founders fell dramatically in these regions]( and [why these investors remain bullish on Latin America](. 🪓 [Tech layoffs stay high as extended runways reach their limit]( In recent weeks, we’ve seen a succession of prominent tech companies and startups make deep cuts. In fact, well over 17,000 U.S. tech workers lost their jobs in January, and cuts continued into February. See also: [The Crunchbase Tech Layoffs Tracker]( 📉 [Funding to Black founders fell dramatically in these regions]( The Bay Area, Atlanta, Boston, New York and Los Angeles have traditionally been some of the larger markets for Black and minority entrepreneurship and startup investment, but Crunchbase data shows those regions saw dramatic declines in funding to Black-founded startups — sometimes even worse than the [national decline](. 🌅 [6 reasons for optimism in LatAm]( Latin America was the [fastest-growing venture capital market in the boom of 2021]( but has since seen investment decline drastically. Investors [Gina Gotthilf]( and [Tomas Roggio]( share six reasons why they remain optimistic — and keep backing LatAm companies — despite the region’s two-year startup winter. 🧾 [Startup valuation vs. round pricing: What’s the difference?]( Somewhere in the past decade, in an era of easy money and seemingly endless tech growth, investors stopped thinking seriously about valuation — all that mattered were comps based on trends in similar transactions, writes guest author [Dan Gray](. How do we get back to a more disciplined approach? Get more with Crunchbase Enterprise Find out more about Crunchbase’s prospecting software that enables your entire team to find the right companies, identify the right people, and connect with the decision-makers who can move deals forward – all in one solution. [BOOK A MEETING NOW]( Recent Investments [Passes]( [$40M]( / [Series A]( Passes is a monetization platform that provides tools for creators to engage with their audience. Categories: Apps • Messaging • Online Portals • Video • Web3 Founders: [Lucy Guo]( Investors: [Bond]( (Lead), [Abstract Ventures]( [Alexandra Botez]( [+ 3 more]( [LanzaJet]( [$30M]( / [Corporate Round]( LanzaJet is a producer of low-carbon and sustainable fuels for the aviation industry. Categories: Air Transportation • Biofuel • Fuel Investors: [Southwest Airlines]( (Lead) [EasyKnock]( [$28M]( / [Series D]( EasyKnock provides sale-leaseback solutions that help homeowners to convert their home equity to cash. Categories: Financial Services • FinTech • PropTech • Real Estate Founders: [Ben Black]( [Jarred Kessler]( Investors: [Northwestern Mutual Future Ventures]( (Lead) More Fundings Company Amount / Round Lead Investor [Kushal's]( 2.8B INR / [Series B]( [Lighthouse Funds]( [Coverdash]( $14M / [Series A]( [Nyca Partners]( [NayaOne]( $4.7M / [Series A]( [EJF Capital]( [Kushal's]( Unknown / [Secondary Market]( [Lighthouse Funds]( [All Recent Funding Activity]( Recent Acquisitions [The Carlstar Group]( Pending acquisition by [Titan International]( for $296M More Acquisitions Company Acquired By Amount [Proof Diagnostics]( [Ginkgo Bioworks]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events [South Summit Madrid]( July 8 - 10, 2024 in Madrid South Summit is the innovation platform that connects entrepreneurs, corporations, and investors to generate business and shape the future. Accelerator Deadlines Date Accelerator Location Apr 1, 2024 [Founderville]( Greenville Apr 23, 2024 [(ERA) Entrepreneurs Roundtable Accelerator]( New York [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2024 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.