Kakao Ventures will work with global AI video production platform Higgsfield to support AI-based content creation by its portfolio startups.

Kakao Ventures said on Nov. 12 it signed a memorandum of understanding (MOU) with Higgsfield. This is the first time a South Korean venture capital firm has signed an agreement with Higgsfield.

Under the agreement, Kakao Ventures will connect its portfolio companies so they can use Higgsfield for content production. Higgsfield will provide those companies with training and technical support related to AI content creation.

The two companies plan to expand their cooperation so early-stage startups can use AI-based video and image production tools in business activities including promotion, marketing and hiring.

Higgsfield is a generative AI video and image production platform company headquartered in San Francisco. It can produce advertising videos, product promotional images and short-form social media content based on text or images.

The company says Higgsfield has more than 40 million users across 238 countries and regions worldwide. About 390 companies among the U.S. Fortune 500 use the platform.

Kakao Ventures plans to run the partnership as part of its post-investment startup support programme. The company operates a dedicated "Growth Team" that supports human resources and hiring, and it is expanding links with external partners in areas early-stage companies need, including promotion, marketing and finance.

Kakao Ventures director Ji-woong Kim (김지웅) said, "Together with Higgsfield, we will continue our cooperation so our portfolio companies can use AI content creation in their actual businesses and turn new technology into opportunities for growth."

Higgsfield director Min-sung Kim (김민성) said, "This agreement will be a starting point for Higgsfield to grow together with South Korea's startup ecosystem." He added, "We will support domestic startups in strengthening content capabilities and entering global markets."