About Plug and Play APAC
Plug and Play APAC, an accelerator and incubator program founded in 2006, is based in Singapore, Singapore. With a presence in 30 countries, it has supported around 306 startups in sectors like Enterprise Applications, High Tech. As of May 2026, Plug and Play APAC has 4 unicorns under its belt and has witnessed 32 portfolio exits. Most notable companies in
its portfolio include Facebook, Thunes and Akur8 Technologies. The program is backed by a team of 19 people who primarily support Seed startups based in Singapore. Its latest investment was a $1.1M Seed round in Swarm on Nov 17, 2023, which also saw participation from Hustle Fund and Vivek Padmanabhan.
Key Metrics
Plug and Play APAC's List of Top Investments
Plug and Play APAC has a portfolio of 306 companies, including 4 unicorns. Their most notable investments are in Thoughtbuzz and Eltropy.Their portfolio spans across Singapore, United States, United Kingdom and 27 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 33 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Plug and Play APAC:
1. Facebook
Operator of a social networking service facilitating connection and communication. Its services allows users to connect with friends, family, and other individuals. It provides tools for sharing updates, photos, and videos. The platform also offers features for creating and joining groups, following interests, and discovering content.
Key facts about Facebook
- Founded Year: 2004
- Location: Menlo Park (United States)
- Annual Revenue: $165B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $2.27B
- Employee Count: 25,836 as on Mar 31, 2026
- Investors: TCV, Glynn Capital and 114 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $*****
- Highlight: Public
2. Thunes
Cross-border payment infrastructure provider. It offers a global payment network enabling businesses to send and receive payments internationally. Services include payments to and from mobile wallets, banks, and via other methods. The platform facilitates seamless integration through APIs, optimizing payment flows for various markets. It serves money transfer operators, payment service providers, and various other businesses needing international payment capabilities. The infrastructure is designed for fast, traceable, and cost-effective transactions.
Key facts about Thunes
- Founded Year: 2016
- Location: Singapore (Singapore)
- Annual Revenue: $53.6M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $362M
- Employee Count: 507 as on Mar 31, 2026
- Investors: Vitruvian Partners, Helios and 19 Others
- Latest Funding Round: Series D, Apr 28, 2025, $*****
- Highlight: Editors' Pick
Provider of pricing and reserving platform for the insurance industry. The platform offers data processing, risk assessment, demand analysis, rate building, and deployment tools for pricing. It also provides solutions for loss review, liability management, and actuarial triangle generation for reserving. The platform aims to enhance speed, performance, and transparency in pricing and reserving processes.
Key facts about Akur8 Technologies
4. Onfido
Provider of identity verification solutions, including document and biometric authentication. The company offers tools for workflow orchestration, data verification, and fraud detection. It facilitates secure customer onboarding and regulatory compliance through its suite of products. The company’s offerings support digital transformation for government and enterprise applications.
Key facts about Onfido
- Founded Year: 2012
- Location: London (United Kingdom)
- Annual Revenue: £97.2M as on Jan 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $242M
- Employee Count: 336 as on Mar 31, 2026
- Investors: SoftBank Group, Y Ventures and 102 Others
- Latest Funding Round: Grant (prize money), Aug 18, 2020, $*****
- Highlight: Acquired
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5. Juvo
Alternative credit scoring solutions based on mobile data transactions. It analyzes mobile network data to build financial identities with no formal credit history such as underbanked customers. It provides predictive decision-making tools for financial institutions.
Key facts about Juvo
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $59.3M
- Employee Count: 55 as on Feb 28, 2026
- Investors: Section Partners, Samsung NEXT and 14 Others
- Latest Funding Round: Series B, Aug 01, 2017, $*****
- Highlight: Editors' Pick
Plug and Play APAC's Year-on-Year Investment Trends
Plug and Play APAC has invested in 306 companies over the last 15 years, with an average of 2 new investments annually in the last 10 years. Its most recent first time investment was in Swarm and most recent follow-on round was in CARFIT.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 3 | 0 | 3 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
2020 | 2 | 0 | 2 |
2019 | 1 | 1 | 2 |
2018 | 8 | 0 | 8 |
Plug and Play APAC's Investments by Stage
Plug and Play APAC has made 19 investments in Seed stage with an average round size of $1.58M, 3 investments in Series A stage with an average round size of $466K and 1 investment in Series B stage.Stage of entry | No. of Investments |
|---|---|
Seed | 19 |
Series A | 3 |
Series B | 1 |
Note: We have considered here, only first round of investments
Plug and Play APAC's Investments by Sector
Plug and Play APAC has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Consumer and Vertical SaaS. Notably, it has invested in 277 Tech companies, 246 Enterprise (B2B) companies, 197 Software companies and at least 112 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 15 |
FinTech | 6 |
High Tech | 5 |
Consumer | 4 |
Vertical SaaS | 4 |
Others | 32 |
Note: We have considered here, only first round of investments
Plug and Play APAC's Investments by Geography
Plug and Play APAC has made most investments in Singapore (10), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
Singapore | 10 |
United States | 6 |
Philippines | 3 |
Australia | 1 |
Germany | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Plug and Play APAC's recent investments
Plug and Play APAC has not made any investment in 2026 so far.Here are the most recent investments by Plug and Play APAC:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 17, 2023 | Philippines | Seed | 9935 | [+1] | |
Jun 22, 2023 | Singapore | Seed | 1499 | [+2] | |
Jan 03, 2023 | Singapore | Seed | 5477 | ||
Aug 08, 2022 | Singapore | Seed | 4916 | ||
Dec 13, 2021 | Singapore | Seed | 7041 | [+7] |
Unicorns in Plug and Play APAC's Portfolio
Plug and Play APAC has 4 unicorns in its portfolio - Thunes, Vayyar, Shift Technology and others. The most recent unicorn in their portfolio is Thunes. It became a unicorn in 2025, 1 years before Plug and Play APAC first invested in it.Here is a list of unicorns in Plug and Play APAC's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Cross-border payment infrastructure provider | 2016 | Singapore | Series D | hybhqly | ||
47 | Developer of 4D imaging sensors for cancer detection and other devices | 2011 | Yehud | Series E | t{ktyoo | ||
67 | Provider of AI solutions for insurance underwriting, claims, and risk | 2014 | Paris | Series D | {{{lvbs | ||
63 | Provider of cloud computing and enterprise software solutions | 2017 | New York City | Series C | bfjwghx |
IPOs and Publicly Listed companies in Plug and Play APAC's Portfolio
5 of Plug and Play APAC's portfolio companies have become public. Microba got listed on the Australian Securities Exchange (ASX), in Apr 2022 at marketcap of $101M and Gefen Technologies got listed on the Australian Securities Exchange (ASX) at marketcap of $93.9M.Here are Plug and Play APAC's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 05, 2022 | - | - | 7199 | |
Jul 21, 2021 | - | - | 9987 | |
Jun 28, 2019 | - | - | 3839 | |
Jul 22, 2016 | - | - | 3081 | |
May 18, 2012 | - | - | 2817 |
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Acquired companies in Plug and Play APAC's Portfolio
27 companies from Plug and Play APAC's portfolio have been acquired. The most recent acquisition was Keyless in Jan 2026 by Ping Identity for $*****.Here are Plug and Play APAC's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 07, 2026 | - | - | 3873 | |
Jan 17, 2025 | - | - | 6375 | |
Jun 04, 2024 | - | - | 7253 | |
Mar 07, 2024 | - | - | 2069 | |
Feb 06, 2024 | - | - | 3183 |
Team profile of Plug and Play APAC
Plug and Play APAC has a team of 19 members including 6 Partners, 1 Venture Partner and 1 Principal located in Singapore, Australia and 3 more locations. Plug and Play APAC's team does not sit on the board of any company as of now.Here is a list of top team members in Plug and Play APAC:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Philippines | - | - | |
Partner | United States | - | ||
Partner | Singapore | - | - | |
Partner | Sydney | - | - | |
Partner | Singapore | - | ||
Partner | Singapore | - | ||
Venture Partner | Indonesia | - | - | |
Principal | Singapore | - | - |
Co-investors of Plug and Play APAC
Over the past 15 years, 63 investors have co-invested in Plug and Play APAC's portfolio companies. This includes funds and angels.
- Invested before Plug and Play APAC: Peak XV Partners, Emergence Capital and 8 others have invested in rounds before Plug and Play APAC. There is 1 company where Peak XV Partners has invested before Plug and Play APAC and 1 company where Emergence Capital has invested before Plug and Play APAC.
- Top Co-investors of Plug and Play APAC: 39 investors entered a company along with Plug and Play APAC. These include investors like National Research Foundation (2 companies).
- Invested after Plug and Play APAC: A total of 14 investors have invested in Plug and Play APAC's portfolio after their investments. Top Investors include FIS (1 company) and Bertelsmann India Investments (1 company).
Recent News related to Plug and Play APAC
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Singapore-based Capcon secures $50m in series B2 funding roundPackaging Gateway•Feb 06, 2023•Plug and Play APAC, SEED VC, CAPCon
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AgFunder impact fund leads Mayani’s $1.7m seed round to scale Filipino farm and fisheries produce marketplaceAgFunderNews•Jan 27, 2023•Mayani, AgFunder, Atlas Ventures, Accelerating Asia and 5 others
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Bio-degradable food container startup Alterpacks raises US$1M fundinge27•Jan 03, 2023•Alterpacks, Plug and Play APAC, Seeds Capital, Earth Venture Capital and 1 other
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Razer CEO backs SG social networking firm’s $362k pre-seedTech in Asia•Aug 08, 2022•NextBlock, Plug and Play APAC
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Stere Closes $2M Seed Funding Round led by Fin VCGlobeNewswire•Dec 14, 2021•Stere, Fin Capital, Sandalphon Capital, HIMCO and 3 others
