| Hi, Agen. Venture funding to Web3 — that fuzzy, buzzy sector that two years ago captivated startup investors — tanked in 2023, Crunchbase data shows. But as with all things startup-related, hope springs eternal. Here’s why some founders and VCs are still hopeful about Web3. (Hint: It has something to do with VCs’ latest obsession). Plus, a look at the 10 largest startup funding deals and the tech layoffs tally in the third week of January. Funding to startups in the crypto and blockchain sectors tanked in 2023, with Q4 making a particularly poor showing. But for founders and VC firms still interested in the sector, not all hope is lost. See also: The Crunchbase Web3 Tracker Google and Amazon again landed on our Layoffs Tracker, as did a major e-commerce furniture retailer and a social media startup by an Instagram founder. Quantum computing, biotech and fintech startups topped the 10 largest U.S. funding deals last week, though only one company cracked more than $100 million. See also: The Crunchbase Megadeals Board Nearly three weeks into the new year, and there have been no huge rounds for any AI startups, but that might be about to change with a Toronto-based company reportedly in talks to raise as much as $1 billion in fresh cash. Related Crunchbase Pro list: Rounds Raised By Startups Using AI In 2023 Startups in South America and Central America pulled in an estimated $2.9 billion in seed through growth stage investment in 2023, Crunchbase data shows. That’s a remarkable 84% decline from 2021, when investment hit record-setting levels. IPOs and big-ticket acquisitions have become scarcer too. | 
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