InsurTech firm ManageMy has secured $45m in new funding as it accelerates international expansion and steps up investment in artificial intelligence-driven capabilities.

The $45m raise includes $20m from a Series B round, which was jointly led by Ventura Capital and OCVC, the investment vehicle of Zilch co-founder Sean O’Connor, according to InsurTech Insights. 

Additional funding came from BNF alongside a consortium of strategic investors linked to the insurance sector. The valuation at which the round was completed was not disclosed.

The company develops technology designed to help insurers sell, service, underwrite and manage insurance policies through a single platform. Its software aims to replace fragmented legacy systems with a unified solution that supports insurers and brokers across the full policy lifecycle. ManageMy operates globally and has an established presence in London, serving clients across multiple international markets.

The newly secured capital will be used to expand into new territories, with a particular focus on strengthening ManageMy’s footprint in North America. The funding will also support continued product development, including deeper investment in AI-driven functionality designed to improve automation, intelligence and scalability across the platform.

Beyond geographic expansion, ManageMy plans to use the investment to further embed its technology within enterprise insurance environments, helping firms modernise operations and adapt to changing customer expectations. The business is led by co-founder and chief executive Stephen Collins.

ManageMy chief executive Stephen Collins said, “This funding marks a major milestone for ManageMy and validates our vision of a more intelligent, integrated, and adaptable insurance operating model. From the outset, we built ManageMy as a scalable, enterprise-grade platform capable of compounding value as insurers grow and modernise.”

Ventura Capital managing partner Mo El Husseiny said, “ManageMy has built something of massive strategic value to the insurance industry. 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 around two years ago, underlining their continued confidence in the company’s growth trajectory and strategic position within the global InsurTech sector.