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.

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 Property Insurance

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.

Hearth

Series A in 2020
Shogun Enterprises Inc., doing business as Hearth Brokerage, operates as a financial services company which distributes credit and insurance. It provides brokerage and financial services related to home renovation insurance and consumer lending. The company offers personal loans, home equity loans, credit cards, and home improvement advice and financing. Its online marketplace enables users to compare rates on personal loans for financing roofs, bathrooms, kitchen remodeling, pool, basement, and HVAC improvement. The company also provides consumer lending and mortgage brokerage services. Shogun Enterprises Inc. was founded in 2016 and is based in San Francisco, California.

Richr

Venture Round in 2020
Richr provides a commission-free one-stop-shop homeownership experience by providing title, insurance, and loans with zero real estate commission fees.

Everyday Life

Pre Seed Round in 2020
Everyday Life Insurance uses technology to redefine financial security for middle income families. Its first product, Predictive Protection, saves consumers money by automatically adjusting coverage based on predictable life events like kids growing up or retirement. It was founded in 2018 and headquartered in Boston, Massachusetts.

Frich

Venture Round in 2019
Frich Inc. is a Tokyo-based start-up that specializes in peer-to-peer insurance services. The company focuses on innovative insurance solutions that leverage community support, allowing individuals to share risk and costs among themselves. By fostering a collaborative environment, Frich aims to enhance the insurance experience for its users. With its unique approach to insurance, the company seeks to disrupt traditional models and offer more accessible and affordable options to consumers.

Lula

Convertible Note in 2019
Lula operates a peer-to-peer marketplace that connects vehicle owners with individuals seeking to rent those vehicles. It allows vehicle owners to list their vehicles for rent and facilitates direct communication and transactions between owners and renters. Lula does not own or manage the vehicles and does not engage in the contracts formed between owners and renters. Additionally, Lula provides insurance technology solutions tailored for various sectors, including car rental companies and logistics firms. Their offerings include policy management, risk assessment tools, and claims handling services, which help clients streamline their insurance processes and reduce operational costs.

Surround Insurance

Convertible Note in 2019
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.

Zeguro

Seed Round in 2018
Zeguro Inc. develops a cyber security and cyber insurance platform. The platform enables small businesses identify their risk and then purchase corresponding insurance. The company was incorporated in 2016 and is based in San Francisco, California.

Flock

Seed Round in 2018
Flock was founded in 2015 on the conviction that insurance was no longer fit for purpose in our fast-moving, hyper-connected world. Their mission is to make the world a safer, smarter place by bridging the gap between the insurance industry of today and the emerging technologies of tomorrow. The London based Insurtech began in the commercial drone industry where they launched Europe's first pay-as-you-fly drone insurance product, using real-time data (like population density and wind speed) to quantify, insure, and mitigate drone flight risks.They now have insure thousands of innovative drone operations globally, from agricultural surveyors to NHS medical delivery flights. Flock's technology has now helped thousands of pilots around the world to fly safer, reducing their risk exposure by 15% on average. Flock recently expanded into the rapidly evolving world of commercial motor fleets with a division focused on connected vehicles. Modern fleets change on a daily basis; expanding, contracting, and adopting the latest technology. They need an insurance policy that’s as agile and data-driven as they are. The world is becoming increasingly connected and autonomous, bringing both amazing opportunities and complex risks. As the insurer of the future, Flock aims to not only pay claims when incidents occur; they help customers understand and mitigate their own risks, to avoid things going wrong in the first place.

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.

Quilt

Series A in 2018
Quilt Insurance Agency, LLC is an online insurance broker based in Boston, Massachusetts, founded in 2015. The company specializes in providing renters' insurance and term life insurance through digital channels, catering primarily to individuals who are accustomed to online interactions. Quilt aims to simplify the insurance purchasing process, making it more accessible and user-friendly. As of August 2018, Quilt operates as a subsidiary of Haven Life Insurance Agency, LLC.

Hippo Insurance

Series B in 2018
Hippo Insurance provides home insurance brokerage services, focusing on modernizing coverage for homeowners. Founded in 2015 and headquartered in Palo Alto, California, with additional offices in Austin and Dallas, the company utilizes technology to streamline the insurance process. Hippo aims to simplify and enhance home insurance by offering intuitive and proactive coverage that actively addresses the needs of clients. By adopting a tech-driven approach, Hippo seeks to transform how individuals safeguard their homes, allowing them to feel secure and carefree. The company emphasizes a commitment to delivering smarter, more efficient insurance solutions tailored to contemporary homeowners.

WorldCover

Seed Round in 2018
WorldCover is a company that focuses on providing satellite-enabled insurance to protect farmers from natural disasters, particularly droughts. Founded in 2015 by professionals from MIT in computer science and finance, WorldCover operates a peer-to-peer risk relief network aimed at addressing the significant climate risks affecting agriculture, estimated at $100 billion globally. Headquartered in New York, the company also has operations in Ghana. By leveraging mobile money technology, WorldCover aims to improve food and income security for smallholder farmers in developing countries, a demographic that includes over 70% of the 2.5 billion people living at the base of the economic pyramid, who depend on agriculture for their livelihoods.

Insurdata

Seed Round in 2017
Insurdata provides insurance and reinsurance underwriters property-specific data to support their pricing, underwriting and portfolio management decisions. The firm specializes in high-resolution, peril-specific exposures and building-level risk data, using technology that includes mobile augmented reality and 3-D model creation, providing both desktop and mobile products.

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.

reThought Insurance

Seed Round in 2017
reThought Insurance Corporation is a technology-driven managing general agent (MGA) that specializes in commercial flood insurance. Founded in 2017 and based in Broomfield, Colorado, the company utilizes proprietary underwriting methodologies and advanced risk assessment technology to visualize, assess, underwrite, and price flood insurance for commercial properties. By prioritizing product innovation, reThought aims to enhance the insurance experience for its clients while addressing the specific risks associated with flooding.

Quilt

Seed Round in 2017
Quilt Insurance Agency, LLC is an online insurance broker based in Boston, Massachusetts, founded in 2015. The company specializes in providing renters' insurance and term life insurance through digital channels, catering primarily to individuals who are accustomed to online interactions. Quilt aims to simplify the insurance purchasing process, making it more accessible and user-friendly. As of August 2018, Quilt operates as a subsidiary of Haven Life Insurance Agency, LLC.

Extraordinary Re

Seed Round in 2017
Extraordinary Re (!Re) is creating a new marketplace where insurance liabilities can be syndicated to investors and then reallocated between investors in real time. Our platform will unlock $20+ trillion of existing liabilities held on insurance company balance sheets, access new sources of reinsurance capacity that is expert in pricing and managing dynamic risks, create price discovery for liabilities that are difficult to value, and enable institutional investors to access diversifying and attractive sources of return. It is the next step in the evolution of insurance linked securities (ILS).

Safely

Seed Round in 2016
Safely. Trust insured. Safely answers the two most pressing questions in the vacation home rental industry: Who is staying in my house? What happens when something goes wrong? Combining a rigorous guest verification program with the most comprehensive insurance available, Safely gives property managers and homeowners peace of mind that their homes are safe and protected.