Investors press pause on gaming startups

Plus, tech layoffs continue in new year January 5, 2024 Hi, {NAME}. It’s probably not a lot of fun to be a gaming startup looking for capital these days. [Crunchbase]( data shows [investment in gaming startups hit a multiyear low in 2023]( with everything from early-stage deals to those large pre-IPO rounds remaining muted. Plus, new year, new note for the tech labor market? Unfortunately, it doesn’t look like it — [layoffs continued at the end of December and into the first few days of 2024](. 🎮 [Investors press pause on gaming startups]( Although shares of big gaming companies such as [Electronic Arts]( [Nintendo]( and [Sony]( performed quite well last year, smaller startups trying to compete in the space largely struggled to score funding from investors, [Crunchbase]( data shows. Related Crunchbase Pro list: [Gaming-Related Startup Funding]( ✂️ [Tech layoffs continue in new year]( All told, nearly 200,000 U.S. tech workers — in reality, likely many, many more — lost their jobs in 2023. That was more than double 2022’s total. Will 2024 offer some reprieve? Time will tell, but for now it looks like layoffs are continuing in the new year. 📉 [Startup funding in 2023 hit lowest level in 5 years]( It wasn’t just the unicorn startups that were hurting in 2023’s dismal venture funding environment. In fact, early-stage investment declined more than any other funding stage in 2023, falling 40% year over year. We look at that and the other big numbers and trends with our exclusive global startup funding report. ➡️ [15 startups we think could go public in 2024]( From big names in enterprise tech to a fast-fashion giant to the fintech startup everyone’s talking about, here are 15 companies that Crunchbase News editors and reporters think could be among the first to go public when the IPO markets thaw. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Nalu Medical]( [$65M]( / [Series E]( Nalu Medical is a medical technology company that develops innovative solutions for patients with chronic neuropathic pain. Categories: Health Care • Medical • Medical Device Founders: [Daniel Pivonka]( [Lee Hartley]( [Mike Partsch]( Investors: [Novo Holdings]( (Lead), [Advent Life Sciences]( [Aperture Venture Partners]( [+ 6 more]( [BioCentriq]( [$29M]( / [Series A]( BioCentriq is a cell and gene therapy development and manufacturing center. Categories: Biotechnology • Genetics • Manufacturing Founders: [Haro Hartounian]( [Leland]( [$7.0M]( / [Venture Round]( Leland is a coaching marketplace that provides access to coaching, classes, and community for individuals with education and career goals. Categories: Career Planning • Consulting • Education • Marketplace Founders: [Erika Mahterian]( [John Koelliker]( [Zando Ward]( More Fundings Company Amount / Round Lead Investor [Remix Therapeutics]( $60M / [Venture Round]( [The Column Group]( [Full-Life Technologies]( $47M / [Series B]( [Prosperity7 Ventures]( [Full-Life Technologies]( $16M / [Debt Financing]( - [All Recent Funding Activity]( Recent Acquisitions [Vian Enterprises]( Pending acquisition by [Crane Company]( for $103M More Acquisitions Company Acquired By Amount [AbCheck]( [Ampersand Biomedicines]( $6.0M [All Recent Acquisition Activity]( Upcoming Tech Events [Sales Enablement Summit | Las Vegas]( May 22 - 23, 2024 in Austin Sales Enablement Collective is a global community where revenue leaders to sales enablement professionals can network, learn and grow. Accelerator Deadlines Date Accelerator Location Jan 8, 2024 [GrowthX]( San Francisco Jan 15, 2024 [Royal Academy of Engineering Enterprise Hub]( London [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.