Plug and Play, a California-based early stage investor, announced the close of its US$50 million Fintech and AI Fund during its Silicon Valley June Summit 2025.

Backed by nine institutional investors, the fund is the largest industry-themed fund the company has raised to date.

It brings the total number of funds managed by Plug and Play to nine.

The fund will invest in startups globally and reflects the evolving approach financial services companies are taking toward innovation.

Over the years, many of Plug and Play’s limited partners have participated in pilot and development programmes through the platform.

These collaborations have strengthened trust in the firm’s ability to identify, support and scale emerging technologies.

The announcement took place during the Enterprise and AI Expo, a segment of the broader Silicon Valley June Summit held at Plug and Play’s Sunnyvale headquarters.

The three-day event featured over 75 speakers and more than 200 startups presenting technologies across various sectors.

Eugenio Gonzalez, Partner at Plug and Play, said,

“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.”

In addition to investment capital, Plug and Play offers portfolio companies access to a network of over 550 corporate partners across more than 25 industries.

This network allows startups to engage in pilot projects, gain new customers and scale their operations.

The company has supported thousands of startups globally and has recorded over 300 successful exits.

Featured image credit: Plug and Play