Insurtech ManageMy has raised $45 mn in new capital, including $20 mn in a Series B round, to expand internationally and accelerate development of AI-driven functionality across its platform.

Additional capital came from BNF and strategic investors connected to the insurance sector. The valuation was not disclosed.

ManageMy provides a platform enabling insurers to sell, service, underwrite and administer policies. The company operates globally, with a London presence, and is led by co-founder and CEO Stephen Collins.

Part of the capital will strengthen AI capabilities embedded across underwriting, servicing and operational workflows.

Collins said the funding supports the company’s aim to deliver an integrated insurance operating model built for scale.

“From the outset, we built ManageMy as a scalable, enterprise-grade platform capable of compounding value as insurers grow and modernise,” Collins said.

Ventura Capital managing partner Mo El Husseiny said the firm views ManageMy’s automation and intelligence layer as strategically relevant for insurers and brokers seeking to modernise legacy systems.