Plug and Play has announced a $50 million Fintech and AI Fund, revealed at the Silicon Valley June Summit 2025. According to a note from Plug and Play, nine institutional investors are providing the money for the fund.
Plug and Play notes that it currently operates nine funds with nearly $1 billion in assets under management.
Alongside money, Plug and Play provides companies with access to a global network of over 550 corporate partners across more than 25 industries.
Headquartered in Silicon Valley, Plug and Play reports a presence on five continents, having invested in numerous well-known companies, including N26, PayPal, Dropbox, LendingClub, and others.
The Fintech & AI fund is its largest themed fund, which anticipates investing globally.
Eugenio Gonzalez, Partner at Plug and Play, states that artificial intelligence is transforming everything, and startups are scaling at an unprecedented rate.
“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.”
Fund investor Sandeep Manchanda, Head of Insurance M&A and Partnerships at EXL, says they are taking engagement even further with this Fund.
“…the AI-driven technologies shaping the next chapter of insurance and financial services.”
