The name “Plum” is used by several companies across different industries and regions, each with different ownership structures. The following are notable examples:
- Plum CoOwnership, Inc.: This is a U.S.-based, venture-backed vacation co-ownership platform. The company is privately owned, with ownership distributed among venture capital firms (such as Studio VC and Triangle Tweener Fund), its founding team, and other investors. Key leadership includes CEO Doug Rich, CTO Josh Knowles, and other executives. Ownership is not by a single individual but by a group of investors and executives[1][3].
- Plum (Fintech, India): This financial technology company was founded by Abhishek Poddar (Co-Founder & CEO) and Saurabh Arora (Co-Founder & CTO). As of May 2021, each founder held 26.45% equity (totaling 52.9%), with the remaining shares held by assorted angel and venture capital investors[2].
- Plum Partners / Plum Acquisition Corp: Plum Partners, LLC is a late-stage investment company led by Chairman and CEO Kanishka Roy, who is also associated with Plum Acquisition Corp. III, a publicly traded SPAC (Special Purpose Acquisition Company) on the Nasdaq. Ownership rests primarily with Roy and associated investment entities[5].
- Plum Fintech Limited (UK): This entity once listed Victor Trokoudes as having significant control (>25% and ≤50%), but as of 2023, the company states it has no registrable person or entity with significant control due to changes in the structure[4].
- Plum Financial Services (Australia): Originally a joint venture between MLC and Vanguard Australia, this company became a wholly-owned part of National Australia Bank (NAB), before being absorbed into IOOF following NAB’s wealth business sale in 2021. Ownership is currently with IOOF[6].
Depending on which “Plum” you are referring to, the ownership varies from private venture equity, individual founders, to large financial conglomerates.
Leave a Reply