Startup news

If you plan to launch a new startup in France, Denmark or Sweden, there is a new seed fund looking for your pitch. Emblem is announcing today that it has raised nearly $54 million (€50 million) for a new European seed fund. And this is only the first close — the firm expects to raise as much as $80 million (€75 million) by the end of the year.

Emblem was founded by Bénédicte de Raphélis Soissan and Guillaume Durao. This isn’t the first time Bénédicte de Raphélis Soissan’s name appears on TechCrunch as she used to be an entrepreneur herself. I first covered her startup Clustree back in 2014.

Clustree was a talent management and HR platform that was acquired by Cornerstone OnDemand. Some business angels like Frédéric Montagnon and Florian Douetteau were quite instrumental in Clustree’s trajectory, so she started investing in startups herself after selling Clustree.

Guillaume Durao has been an investor for several years. He worked for Mangrove Capital Partners and Idinvest (the V..

Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by integrating other services.

Kakao Mobility has already worked with Splyt, and it wants to use the asset to spur global expansion plans across Southeast Asia and Europe. Kakao Mobility currently offers limited services in about 30 markets outside of South Korea: most recently, it launched in Guam last year and Laos earlier this year.

“Splyt and Kakao Mobility’s technology teams have been collaborating since 2019 to integrate and enable global ride-hailing services for Kakao T users through Splyt’s ride-hailing API platform,” CTO of Splyt Stephen Mason told TechCrunch.

Splyt wants to connect the world’s ride-hailing apps for easy international roaming..

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The TechCrunch Top 3

Image prompts: Microsoft is enabling Bing users to tap into their most creative selves — through AI, of course, via the use of OpenAI’s DALL-E image creator, Frederic reports. Frederic also writes about two additional features, Visual Stories and Knowledge Cards. “Best I can tell, Microsoft has been testing these quite a bit in recent weeks since they’ve been popping up in my searches with some frequency.”
Look who’s getting into generative AI: Firefly is Adobe’s approach to generative AI and “will be made up of multiple AI models ‘working across a variety of different use cases,’” Kyle writes. More Adobe news in Big Tech.
Get in line: Speaking of generative AI (because that’s really all we’ve been talki..

For most of the Information Age, companies that wanted to scale invested in server farms and hired teams to keep them running.

At one of my first startup jobs, I walked in one day to find two sleeping co-workers who’d spent the night configuring servers at a co-locating facility 60 miles away. Soon after, when I worked at a publicly-traded company, our on-prem data center was resilient enough to operate through a moderate earthquake.

The relatively recent shift to cloud computing promised to lower costs and boost productivity, but “cloud-first strategies may be hitting the limits of their efficacy, and in many cases, ROIs are diminishing,” writes Thomas Robinson, COO of Domino Data Lab.

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I started wearing sweaters at home after I got my last utility bill, but with enormous workloads from “ML, AI and deep learning programs that require dozens or ev..

Early-stage founders need mentorship and support to build a successful startup, and conventional wisdom says, “Get thee to an incubator or an accelerator!” However, the two programs are not interchangeable — they serve very different purposes — and there are roughly 500 accelerators and 1,400 incubators in the U.S. alone.

Which type of startup program do you need, and how do you find the right fit? When should you apply? How do you make the most of the experience if you’re accepted? We’re thrilled to tell you that Matt Segneri, the executive director of the Harvard Innovation Labs, will tackle these and other related questions at TechCrunch Early Stage on April 20 in Boston, Massachusetts.

In his session called “How to Think About Accelerators and Incubators,” Segneri will discuss the types of incubators and accelerators available to early-stage founders and what startups should consider before applying, and he’ll provide tips to get the most out of these programs.

We consider this ..

Upstart tech companies delivering their product or service via an API raised mammoth amounts of capital during the final year of the 2021-era startup boom. Things have slowed in the intervening quarters.

New data indicates that while the group of companies raised more capital in 2022 than in 2020, a downward trend in fundraising activity throughout the last calendar year shows that no startup cohort is immune from the venture capital slowdown. And that applies to the groupings of new tech companies that were among the hottest before the recent downturn, too.

The Exchange explores startups, markets and money.

Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.

GGV, a venture capital firm that invests across sectors, stages and geographies, compiled an index of what it considers API-first companies that it launched last year. TechCrunch covered its launch, as we have a soft spot for trackable baskets of startups that we can observe across time; simila..

Welcome back to Found, where we get the stories behind the startups.

This week Darrell and Becca are joined by Ben Lamm, the founder and CEO of Colossal, a genetics startup that looks to bring extinct species back to life to help with environmental conservation efforts. Ben talked about how he got to this point in his career after starting numerous other companies in the AI, gaming, and space sectors. He talked about why Colossal chose to start its de-extinction efforts with the mammoth and why de-extinction is about way more than just bringing the species back. Plus, he talks about why they structured the experimental startup like a software company.

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Making more mammoths with Ben Lamm from Colossal by Rebecca Szkutak originally published on TechCrunch