Plug and Play Closes $50 Million Fintech & AI Fund

<p><strong>SUNNYVALE — <&sol;strong>Plug and Play&comma; one of the world’s most active early-stage investors&comma; announced during its Silicon Valley June Summit 2025 the closing of its &dollar;50 million Fintech &amp&semi; AI Fund with nine institutional investors&period; Plug and Play runs nine funds in total&period;<&sol;p>&NewLine;<p>The fund is the largest industry-themed fund the company has raised to date and invests in companies globally&period; The fund reflects the evolution of the innovation journey taken by many high-profile financial services companies&period;<&sol;p>&NewLine;<p>Over the years&comma; many of Plug and Play’s limited partners have actively participated in pilot and innovation programs and aided in collaborative development efforts&period; This participation reinforces the partners’ trust in Plug and Play and its ability to recognize&comma; fund&comma; and scale innovative technologies&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Plug and Play’s ecosystem has been a valuable source of innovation and market insight&comma;” said Sandeep Manchanda&comma; Head of Insurance M&amp&semi;A and Partnerships at EXL&comma; one of the investors of the fund&period; &OpenCurlyDoubleQuote;With this fund&comma; we’re taking that engagement even further &&num;8211&semi; partnering earlier and more strategically with the AI-driven technologies shaping the next chapter of insurance and financial services&period;”<&sol;p>&NewLine;<p>Plug and Play made the fund announcement during the Enterprise &amp&semi; AI Expo&comma; a part of the Silicon Valley June Summit 2025&period; The event features three days of more than 75 speakers and more than 200 startups coming together to discuss and demonstrate a range of technologies at the company’s Sunnyvale headquarters&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;AI is changing everything and industry startups are scaling faster than ever&comma;” said Eugenio Gonzalez&comma; Partner at Plug and Play&period; &OpenCurlyDoubleQuote;The fund supports our value proposition of accelerating sales cycles by connecting companies with the right decision makers at global corporations&period; It is a key part of this dynamic ecosystem that includes a roster of entrepreneurs and corporations we’ve developed over the years&period; 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&comma; enterprise&comma; and insurtech&period;”<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>In addition to capital&comma; Plug and Play provides portfolio companies with access to a global network of over 550 corporate partners across more than 25 industries&period; This network provides startups with opportunities&comma; including pilot projects&comma; customer acquisition&comma; and revenue growth&period; Plug and Play brings a strong track record&comma; with more than 300 successful exits and a global portfolio of thousands of startups&period;<&sol;p>&NewLine;