Plug and Play, which is one of the world’s most active early-stage investors, announced the closing of its $50 million Fintech & AI Fund with nine institutional investors. Plug and Play runs nine funds in total.
This fund is the largest industry-themed fund the company has raised to date, investing in companies globally. And the fund reflects the evolution of the innovation journey taken by many high-profile financial services companies.
Over the years, many of Plug and Play’s limited partners have actively participated in pilot and innovation programs, aiding in collaborative development efforts. And this participation reinforces the partners’ trust in Plug and Play and its ability to recognize, fund, and scale innovative technologies.
Along with the capital, Plug and Play provides portfolio companies with access to a global network of over 550 corporate partners across more than 25 industries. This network offers startups with opportunities, including pilot projects, customer acquisition, and revenue growth. And Plug and Play brings a strong track record, with more than 300 successful exits and a global portfolio of thousands of startups.
Enterprise & AI Expo: Plug and Play made this fund announcement during the Enterprise & AI Expo, a part of the Silicon Valley June Summit 2025. And the event features three days of more than 75 speakers and over 200 startups coming together to discuss and demonstrate a range of technologies at the company’s Sunnyvale headquarters.
KEY QUOTES:
“Plug and Play’s ecosystem has been a valuable source of innovation and market insight. With this fund, we’re taking that engagement even further – partnering earlier and more strategically with the AI-driven technologies shaping the next chapter of insurance and financial services.”
Sandeep Manchanda, Head of Insurance M&A and Partnerships at EXL, one of the investors of the fund
“AI is changing everything and industry startups are scaling faster than ever. The fund supports our value proposition of accelerating sales cycles by connecting companies with the right decision makers at global corporations. It is a key part of this dynamic ecosystem that includes a roster of entrepreneurs and corporations we’ve developed over the years. It reflects a shift from shorter-form experimentation to long-term value creation as this fund allows us to back exceptional founders earlier and support them more meaningfully as they build the future of fintech, enterprise, and insurtech.”
Eugenio Gonzalez, Partner at Plug and Play
