At Plug and Play San Diego’s third pitch event, five of the 16 companies that competed won an immediate $25,000 in funding, a spot at Plug and Play Startup Camp from June to September in Sunnyvale and a pitch spot at EXPO. Here are the companies:
Ahorro Libre: This startup’s mission is to create financial solutions for emerging economies through tech platforms to improve the existing informal financial ecosystems of these regions through digitization. Rotating Savings and Credit Associations (ROSCAS) -- common in Latin America, but not used in the United States -- pool small sums of employees' wages together each paycheck, with the total payout going to one worker on a rotating basis for travel or whatever the person decides. This platform will manage the exchange of money and create an easier and more reliable system.
Brandisty: Brandisty hosts companies’ brands in the cloud to facilitate storage, modification and distribution. The company handles vector image resizing, typography, color pallet generation and color space conversions for digital and print, all without clients needing to know Photoshop or Illustrator.
HOTEL beat: This company offers the first source of time-based business intelligence analytics for the hospitality industry, delivered via an intuitive, easy to use, sticky application. Focused on the underserved 1-3 star hotel market, the platform ROI is 200-1,500 percent and adoption is simple.
Locbit: This platform aims to change how people interact with information and each other by making the Internet of Things (IoT) easily accessible. It connects everyone to everything by unifying IoT under one software platform accessible on any Internet-connected device. Locbit allows users to navigate the physical world as they do the Web: the users’ handheld device becomes a command center.
Statim Health: Statim Health identifies and compares personalized healthcare options to help people select the best and most affordable care, in advance.
The judges were familiar faces from the local startup scene and past San Diego Plug and Play pitches: Kelly Abbott, managing director of Livefyre; Mike Alfred, co-founder and CEO of Brightscope; Ruprecht von Buttlar, vice president of Business Creation and Development at CONNECT; Brant Cooper, a New York Times bestselling author and co-founder of Moves the Needle; Allison Long Pettine, founder and president of Crescent Ridge Partners; Marty Lorenzo, member of MintzLevin; Alireza Masrour, managing partner at Plug and Play Ventures; Greg McKee, CEO of Connect; Lada Rasochova, managing director of the Rady Venture Fund; Robert Reyes, founder of StartupCircle and a Plug and Play San Diego Partner; Alex Roudi, chairman of Interwest Capital and the founder of Plug and Play San Diego; Mitch Thrower, founder and CEO of BUMP Network; and Michele Yoshioka, director of programs at CommNexus.
The process has no cap on the number of winners, with six San Diego companies selected at the first local pitch event, and four at the second. In total, Plug and Play, which formed in 2006, has raised $2.5 billion with 250 startups in its portfolio. The San Diego satellite program was the first in the United States.