Plug and Play

Plug and Play, founded in 2006 and based in Sunnyvale, California, operates as a business accelerator and venture capital firm that focuses on early-stage and seed investments in technology startups. The firm runs 12 industry-specific accelerator programs annually, connecting startups with corporate partners and investors to foster collaboration and growth. Plug and Play's investment strategy encompasses a wide range of sectors, including fintech, health and wellness, travel, cybersecurity, and sustainability, allowing it to support diverse startups from any country. The firm provides various resources, including funding, mentorship, office space, and networking opportunities, and has a global presence with offices in North America, Europe, and Asia. Plug and Play has a strong track record, having helped numerous startups secure over $9 billion in funding since its inception. Its programs aim to refine business models and facilitate introductions to potential investors, ultimately contributing to the growth of the startup ecosystem.

Focus

Seed Round Convertible Note Pre Seed Round Series A Early Venture Show more

http://mexico.plugandplaytechcenter.com

http://plugandplayaccelerator.com/fintech

http://plugandplayspain.es

http://www.plugandplaytechcenter.com

https://crunchbase.com/organization/plug-and-play

https://facebook.com/plugandplayspain

https://linkedin.com/company/plug-and-play-ventures-mexico

https://pitchbook.com/profiles/investor/54172-81

https://signal.nfx.com/firms/plug-and-play

https://twitter.com/pnpfintech

https://www.capitaliq.com/CIQDotNet/company.aspx?companyId=106359141

440 N. Wolfe Rd, Sunnyvale, CA 94085, US

Saeed Amidi

Co-Founder & Co-Chief Executive Officer

Kiswana Browne

Associate

Gabriela Dow

Co-Founder and Partner

Matt Helmers

Director of Strategy and Innovation

Alex Roudi

Managing Partner, San Diego

Marc Steiner

General Counsel

Jupe Tan

Managing Partner, Asia Pacific & Senior Vice President, Global Operations

Phillip Vincent

Managing Partner, East Asia

Chen Zhao

Managing Partner, China

Past deals in Motor Insurance

DriveX Technologies

Convertible Note in 2022

DriveX is a technology partner for insurers. With the proprietary AI-assisted verification, companies can inspect vehicles remotely. Insurers save costs, reduce fraud risk and provide a better, digital customer experience. Whether selling motor insurance policies or managing claims, DriveX solutions are there to help employees and customers.

Helvengo

Seed Round in 2022

Helvengo operates a digital managing general agent (MGA) platform that specializes in providing comprehensive insurance solutions for small and medium enterprises (SMEs). The platform leverages AI-based risk analysis to identify coverage gaps and streamline the quoting process, offering real-time, automated insurance quotes. By addressing common challenges such as complex and opaque premium structures, Helvengo enables SMEs and their advisors to access transparent, tailored insurance products that are customized to specific business needs. The end-to-end digital process facilitates efficient insurance management, allowing businesses to assess risks and mitigate losses effectively.

Upsurance

Convertible Note in 2021

Upsurance operates a mid-market commercial insurance platform that enhances the speed and efficiency of insurance transactions. By utilizing a risk matching algorithm, the platform connects insurers with retail brokers, facilitating a streamlined process for browsing marketplace offerings and completing transactions. Upsurance's technology ensures a secure, auditable trail for all interactions, significantly improving the return on investment for insurers and providing brokers with unparalleled access to commercial insurance solutions.

Surround Insurance

Seed Round in 2021

Surround designs customer-centric insurance products for modern lifestyles. The company’s first offering is a subscription starter pack of insurance coverages for young, urban professionals who rent, share, borrow, and freelance.

Just Insure

Seed Round in 2020

Just provides auto insurance that is, well, more just. Instead of your rate being set by who you are - your age, zipcode and marital status - your rate is set by how you drive. This means that for the first time, there is a real financial incentive for people to make smart driving decisions. Unsafe driving doesn't lead to the possibility of an accident, it leads to the certainty of paying more on your insurance. For younger drivers, or those who might have been in an accident, or just happen to live in the wrong zipcode, this means better - perhaps dramatically better - rates. Just Auto Insurance launches in Arizona in October 2019.

VOOM Insurance

Series A in 2019

VOOM is the world’s first on-demand, telematics-based InsurTech platform for Specialized Mobility products, dedicated to protecting users for anything they ride, fly, or sail. The company’s first product, SkyWatch.AI, leverages the power of machine learning to assess and mitigate risks and provide on-demand insurance for thousands of drone pilots operating across the US. VOOM’s data-driven, usage-based insurance products include multiple high-risk, episodic-usage mobility verticals, including e-scooters, e-bikes, powersports, motor boats, and small planes. Headquartered in Tel Aviv with an office in Palo Alto, CA, VOOM is a licensed insurance broker in all 50 US states.

CarIQ

Series A in 2019

CarIQ is the new connected car ecosystem where car owners are empowered with data to demand the highest attention and services. CarIQ platform connects cars to their owners, and to the various service providers such as auto manufacturers, OEM, car insurance providers, auto dealership, auto workshop, roadside assistance providers, breakdown service provider, government agencies etc. CarIQ can help infrastructure providers and city planners to take maximum advantage of 'Internet of Things'

Surround Insurance

Convertible Note in 2019

Indacar

Seed Round in 2018

Car intelligence service to improve retention and loyalty with dealerships

MDgo

Series A in 2018

MDGo Ltd is a technology company based in Haifa, Israel, that focuses on enhancing vehicle safety and automating insurance claims through its advanced sensor technology. The company's system utilizes existing vehicle sensors to generate comprehensive reports detailing the mechanics of accidents, external and internal vehicle damages, and the nature of passenger injuries. This information is transmitted autonomously to first responders and insurers shortly after a crash occurs, allowing for timely medical intervention and efficient claims processing. MDGo's innovative solution not only aims to improve emergency response outcomes, potentially reducing road fatalities, but also offers a new revenue stream for original equipment manufacturers by streamlining the claims process for insurance companies. Founded in 2017, MDGo is positioned at the intersection of automotive technology and healthcare, providing critical data that can aid both emergency personnel and insurers.

Mira

Seed Round in 2018

Mira Financial, Inc. provides online insurance brokerage services. The company's online platform helps compare the quotes from different insurers and provides advice to buy a policy that fits the customer. Mira Financial, Inc. was founded in 2016 and is based in New York, New York.

Glidian

Seed Round in 2018

Glidian Inc. designs and develops a platform for insurance sector. It incorporates insurance specific requirements from medical policies and automatically updates a policies change. The platform provides analytics and reports of policy authorization. In addition, it provides real-time support for all insurance related queries. The company was founded in 2016 and is based in Palo Alto, California.

Matic Insurance

Series A in 2017

Matic Insurance Services, Inc. operates as a digital insurance agency that offers solutions for consumers, originators, and insurance servicers. The company was formerly known as Matic Insurance and changed its name to Matic Insurance Services, Inc. in May 2014. Matic Insurance Services, Inc. was incorporated in 2014 and is based in Columbus, Ohio with additional offices in Los Angeles and San Francisco, California; and Lviv, Ukraine.

RightIndem

Seed Round in 2017

RightIndem Limited operates an online self-service platform for managing total loss insurance claims, founded in 2016 and based in Bedford, United Kingdom. The platform serves various insurance sectors, including automotive, home, and marine insurance, offering a user-friendly experience that allows customers to handle their claims at their convenience. By simplifying the claims process and eliminating complex jargon, RightIndem significantly enhances claim cycle times and overall customer satisfaction. The backend services of the platform reduce the administrative burden associated with claim processing, enabling claims handlers to concentrate on more valuable tasks. This efficiency can increase productivity by up to four times daily for claims handlers and provides management with improved visibility into claims metrics. Consequently, insurers can potentially save substantial amounts per claim, while also freeing brokers to focus on securing new business opportunities.

Less Technologies Inc.

Seed Round in 2017

More Affordable and Flexible Car Lease

Reboque.me

Seed Round in 2017

Reboque.me is a Brazilian on-demand roadside assistance platform that provides services to drivers without insurance. Utilizing technology and geolocation, the service allows customers to request immediate assistance through a web app or mobile application, eliminating membership fees. The platform enables users to quickly locate a nearby professional and track the real-time location and estimated time of arrival of their tow truck. By streamlining the process, Reboque.me addresses emergency situations for drivers and vehicles more efficiently than traditional roadside assistance models.

Automobi

Seed Round in 2016

Automobi is a platform that helps vehicle owners keep the health of the car up to date. Through algorithms, Automobi can understand the needs of users and connect them to more than 100,000 workshops and dealerships throughout Brazil.