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 Reinsurance

Redkik Inc.

Seed Round in 2022

Redkik is a global software company operating with embedded insurance as a SaaS provider, with the mission to simplify and improve the insurance industry for all parties within logistics and transportation. No need for annual insurance policies tying your business down, Redkik uses the latest technology and insures your shipment when you book it, with premiums and coverage tailored to your specific needs. Redkik's extensive on-demand marine cargo insurance is based on the factual per shipment value today, not within the next 12 months. The team of Redkik has a big passion for innovation and technology, together with great experience and deep knowledge from logistics and transportation, risk management, cargo insurance, machine learning, and software development. Join Redkik's rapidly growing network of global freight forwarders offering on-demand per shipment insurance. Redkik, brings intelligence to insurance and peace of mind for you and your 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.

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.

Relay Platform

Seed Round in 2020

Relay Platform Inc. develops online Software-as-a-Service solution that helps ceding teams, insurance underwriters and brokers to structure and secure reinsurance and large insurance placements simpler and faster. The company was incorporated in 2019 and is based in Toronto, Canada.

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.

Surround Insurance

Convertible Note in 2019

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.

AkinovA

Seed Round in 2018

AkinovA Limited operates an independent electronic marketplace designed for the transfer and trading of re/insurance risks. Founded in 2017 and based in Marylebone, United Kingdom, the company provides its online platform to brokers and capital market participants, facilitating insurance advisory services and the management of client portfolios, capital, and risk. AkinovA collaborates with prominent players in the insurance sector, including Hiscox and MS&AD Insurance Group, as well as venture capital firms such as FJ Labs and FinTLV, to enhance its offerings while maintaining its independence in the market. The company aims to integrate with the existing re/insurance value chain to promote market growth.

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.

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.

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.

Quilt

Seed Round in 2017

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).