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Plug and Play Ventures company logo
Venture Capital
COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
plugandplaytechcenter.com/ventures

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Investments

890

Portfolio Exits

96

Funds

3

Partners & Customers

10

About Plug and Play Ventures

Plug and Play Ventures is a global technology accelerator and venture fund. Plug and Play Ventures participates in Seed, Angel and Series A funding where they often co-invest with strategic partners. Through years of experience and as part of its network, the firm has put together a world-class group of serial entrepreneurs, strategic investors, and industry leaders who actively assist the firm with successful and growing investment portfolio.

Plug and Play Ventures Headquarter Location

440 N. Wolfe Rd.

Sunnyvale, California, 94085,

United States

650-843-5000

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Expert Collections containing Plug and Play Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Plug and Play Ventures in 2 Expert Collections, including Store management tech (In-store retail tech).

S

Store management tech (In-store retail tech)

55 items

Startups aiming work with retailers to improve brick-and-mortar retail operations.

T

Travel Technology (Travel Tech)

39 items

Tech-enabled companies offering services and products focused on tourism. This collection includes booking services, search platforms, on-demand travel and recommendation sites, among others.

Plug and Play Ventures Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Plug and Play Ventures Rank

Research containing Plug and Play Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Plug and Play Ventures in 2 CB Insights research briefs, most recently on Apr 19, 2022.

Latest Plug and Play Ventures News

Qashio raises $2.5 million led by MSA Novo

Feb 16, 2022

Qashio raises $2.5 million led by MSA Novo UAE-based fintech Qashio has raised $2.5 million in pre-Seed funding, led by MSA Novo and supported by Rally Cap Ventures, Palm Drive Capital, Plug and Play Ventures, as well as regional angels and family offices. Founded in 2021 by Jonathan Lau and Armin Moradi, Qashio is a spending management platform and financial control centre for SMEs, that helps them control their finances, reduce expenses as well as identify areas of cash overspend. The funding will be used to expand the operational team and customer support, develop the current features, establish partnerships with other fintech and rewards programmes. Press release: UAE-headquartered fintech business, Qashio has entered the MENA market on a strong note by raising $2.5 million in its pre-Seed funding. Qashio’s enterprise-grade expense management platform enables business owners and finance leaders full visibility and control of all expenses. Their dashboard integrates real-time tracking for every business expense and allows enterprises and SMEs to make informed cash flow decisions. The pre-seed funding round is led by global VC firm, MSA Novo (over $1.5bn AUM), and supported by Rally Cap Ventures, Palm Drive Capital, Plug and Play Ventures, as well as regional strategic angels, entrepreneurs, and family offices. Executives from Grubtech, Danske Bank, Two Sigma, Xiaomi, and top global fintech companies participated in the round as well. "Investing globally across b2b fintech platforms, we have monitored expense management players evolving across all major regions. Qashio is poised to be MENA's breakout winner due to its founding team's proven track record in building superior products and ability to execute in selling to enterprises. We are excited to partner with Qashio to impart best practices derived across other emerging tech markets." said Seamon Chan, Palm Drive Capital. Founded in 2021 by seasoned serial entrepreneurs Jonathan Lau and Armin Moradi, Qashio is a Fintech solution offering businesses a comprehensive enterprise expense management solution. Armin and Jonathan previously worked together while building Carriage, where they personally experienced the pain point of expense tracking and management. Qashio's virtual cards combined with its software allows businesses to manage their spending in a more automated and transparent way, saving hundreds of man-hours and reducing petty cash leakage in the process. Finance and HR departments benefit from better expense reporting, better visibility, control of cash flows and an empowered workforce. Qashio has over 50+ customers, including Nana, Grubtech, Carasti & Swiss International Hotels. They have customers across UAE and KSA, and an expanding waitlist. “Qashio’s software empowers us to have full control of our expenses and reduce our petty cash leakages. Integrating directly to our ERP system saves my finance team hundreds of hours as well!” - Abdulaziz Alshiha, CEO of Saudi Arabia’s Al Shiha Holding & Swiss International Hotels. With Qashio, Business Owners, CFOs, HR Leaders and finance teams can set spend limits on virtual & physical cards issued in seconds, limit and control spend categories and vendors. This eliminates the use of cash, avoids late expense claims, reduces the amount of work put into reimbursements and ultimately replaces manual invoicing and vendor /supplier payment. Jonathan Lau and Armin Moradi, co-founders of Qashio commented, “Businesses in the MENA region have been operating with limited ability to issue cards and manage employee expenses. At Qashio, we are committed to helping companies move away from all those manual finance processes and get more visibility and control by providing a secure, safe solution that is ready for enterprise-grade deployment as well as SMEs.” “We are committed to having clear, easy and fast onboarding processes for brands with no long-term commitments or heavy monthly service fees” - Armin Moradi, CEO, Qashio. The launch of Qashio is in line with UAE’s vision for the next 50 years to accelerate world-class digitization and adoption of ICT across aspects of the business. The fintech sector in the Middle East is growing rapidly with a compounded annual growth rate (CAGR) of 30%. By 2023, it’s predicted that 800+ FinTech companies from sub-segments including payments, open banking, RegTech and compliance, smart lending, InsurTech, blockchain, and cybersecurity solutions for the financial industry (such as anti-money-laundering, anti-fraud, identity theft, identity management, and others) will raise over $2 billion in venture capital funding. The funding will be used to expand the operations team and customer support, evolve the current features and integrations with additional fintech partners and rewards programmes.

Plug and Play Ventures Investments

890 Investments

Plug and Play Ventures has made 890 investments. Their latest investment was in Bitstack as part of their Seed VC on May 5, 2022.

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Plug and Play Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/13/2022

Seed VC

Bitstack

$1.04M

Yes

1

5/11/2022

Seed VC

PrismPop

$5M

No

6

5/10/2022

Seed VC - II

Lollipop

$6.16M

No

3

5/9/2022

Pre-Seed

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$99M

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10

5/2/2022

Seed VC

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$99M

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10

Date

5/13/2022

5/11/2022

5/10/2022

5/9/2022

5/2/2022

Round

Seed VC

Seed VC

Seed VC - II

Pre-Seed

Seed VC

Company

Bitstack

PrismPop

Lollipop

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Amount

$1.04M

$5M

$6.16M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

6

3

10

10

Plug and Play Ventures Portfolio Exits

96 Portfolio Exits

Plug and Play Ventures has 96 portfolio exits. Their latest portfolio exit was NatureBox on May 02, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/2/2022

Acquired

3

4/14/2022

Acquired

2

3/31/2022

Acquired

2

3/23/2022

Acquired

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$99M

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10

3/15/2022

Acquired

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10

Date

5/2/2022

4/14/2022

3/31/2022

3/23/2022

3/15/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

3

2

2

10

10

Plug and Play Ventures Fund History

3 Fund Histories

Plug and Play Ventures has 3 funds, including Plug and Play Supply Chain Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/19/2022

Plug and Play Supply Chain Fund I

$25.5M

1

Plug & Play Future Commerce Fund I

10

Plug & Play Umbrella Fund

10

Closing Date

4/19/2022

Fund

Plug and Play Supply Chain Fund I

Plug & Play Future Commerce Fund I

Plug & Play Umbrella Fund

Fund Type

Status

Amount

$25.5M

Sources

1

10

10

Plug and Play Ventures Partners & Customers

10 Partners and customers

Plug and Play Ventures has 10 strategic partners and customers. Plug and Play Ventures recently partnered with Baloise Group on September 9, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

9/13/2019

Partner

Switzerland

Baloise at the forefront of innovation with Plug and Play

`` We are truly honoured to work with a major European carrier that already embeds startups into its strategy , and are incredibly excited to see what we can accomplish together by bridging the gap between innovation ecosystems in Europe and around the globe '' , adds Robert Pechholz , Corporate Partnerships Manager Insurtech at Plug & Play Ventures .

1

6/18/2019

Partner

South Korea

Nexen Tire se asocia con Plug and Play para futuro desarrollo empresarial y tecnológico

Nexen Tire and Plug and Play announces partnership for future technology and business development at the Plug and Play Summer Expo on June 13 , 2019 .

6

6/13/2019

Partner

United States

TechStartups Team Posted On June 13, 2019. Lear Innovation Ventures partners with Plug and Play to mentor startups in the Plug and Play ecosystem

This partnership provides Lear Innovation Ventures with the opportunity to collaborate with and mentor startups in the Plug and Play ecosystem and heightens Lear Innovation Ventures 's involvement in the mobility technology space .

1

6/4/2019

Partner

United States

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10

5/14/2019

Partner

United States

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10

Date

9/13/2019

6/18/2019

6/13/2019

6/4/2019

5/14/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Switzerland

South Korea

United States

United States

United States

News Snippet

Baloise at the forefront of innovation with Plug and Play

`` We are truly honoured to work with a major European carrier that already embeds startups into its strategy , and are incredibly excited to see what we can accomplish together by bridging the gap between innovation ecosystems in Europe and around the globe '' , adds Robert Pechholz , Corporate Partnerships Manager Insurtech at Plug & Play Ventures .

Nexen Tire se asocia con Plug and Play para futuro desarrollo empresarial y tecnológico

Nexen Tire and Plug and Play announces partnership for future technology and business development at the Plug and Play Summer Expo on June 13 , 2019 .

TechStartups Team Posted On June 13, 2019. Lear Innovation Ventures partners with Plug and Play to mentor startups in the Plug and Play ecosystem

This partnership provides Lear Innovation Ventures with the opportunity to collaborate with and mentor startups in the Plug and Play ecosystem and heightens Lear Innovation Ventures 's involvement in the mobility technology space .

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Sources

1

6

1

10

10

Plug and Play Ventures Team

9 Team Members

Plug and Play Ventures has 9 team members, including current Founder, Chief Executive Officer, Saeed Amidi.

Name

Work History

Title

Status

Saeed Amidi

Founder, Chief Executive Officer

Current

Jojo Flores

Founder

Current

Alberto Gutierrez

Founder

Current

Peter Xu

Chief Executive Officer

Current

Neda Amidi

President

Current

Name

Saeed Amidi

Jojo Flores

Alberto Gutierrez

Peter Xu

Neda Amidi

Work History

Title

Founder, Chief Executive Officer

Founder

Founder

Chief Executive Officer

President

Status

Current

Current

Current

Current

Current

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