Insurance technology firm ManageMy has secured $45 million in new funding, including $20 million from a Series B round, as it looks to accelerate international expansion and deepen its investment in AI-driven capabilities.
The latest funding round was jointly led by Ventura Capital and OCVC, the investment vehicle of Zilch co-founder Sean O’Connor. Additional backing came from BNF and a consortium of strategic investors linked to the insurance sector. The valuation at which the funding was raised was not disclosed.
ManageMy provides a technology platform that helps insurers sell, service, underwrite, and manage insurance policies. The company operates globally and has a presence in London. It is led by co-founder and chief executive Stephen Collins.
The new capital will be used to support ManageMy’s expansion into new markets, strengthen its footprint in North America, and fund further product development. A portion of the investment will also be directed toward enhancing AI-driven functionality across the platform.
“This funding marks a major milestone for ManageMy and validates our vision of a more intelligent, integrated, and adaptable insurance operating model,” Collins said.
“From the outset, we built ManageMy as a scalable, enterprise-grade platform capable of compounding value as insurers grow and modernise.”
Sean O’Connor will remain focused on Zilch, the British fintech unicorn that is expected to pursue a public listing in the coming years.
“ManageMy has built something of massive strategic value to the insurance industry,” said Mo El Husseiny, managing partner at Ventura Capital.
“Their combined application of intelligence and automation into insurers and brokers environments unlocks value at scale.
“The insurance industry has struggled to modernise its business models compared to the financial services market.
“ManageMy is at the forefront of digitally transforming the insurance sector, one of the world’s largest and most lucrative markets.”
Ventura Capital and OCVC also co-led ManageMy’s Series A funding round approximately two years ago, underscoring their continued confidence in the company’s growth trajectory and strategic position within the global insurance technology market.
