Insurance Technology Platform ManageMy Announces Major $45 Million Funding Round
London-based insurance technology firm ManageMy is set to announce a substantial $45 million funding injection this week, with the investment being jointly led by prominent venture capital firm Ventura Capital and OCVC, the investment vehicle of Zilch co-founder Sean O'Connor.
Strategic Investment for Global Expansion
The funding package includes $20 million raised through a Series B round, with additional backing coming from BNF and a consortium of strategic investors with strong connections to the insurance sector. While the exact valuation remains undisclosed, this represents a significant milestone for the company that provides comprehensive services to insurance providers worldwide.
ManageMy, founded and led by chief executive Stephen Collins, has developed an enterprise-grade platform that helps insurance companies with selling, underwriting, servicing, and managing policies more efficiently. The company maintains a significant presence in London while serving clients across the global insurance market.
Accelerating Growth and Technological Advancement
The substantial capital injection will enable ManageMy to accelerate its expansion into new international markets while strengthening its existing foothold in North America. Furthermore, the funding will support significant investment in artificial intelligence-driven functions and broader product development initiatives.
Stephen Collins, co-founder and chief executive of ManageMy, commented: "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."
Investor Confidence in Insurance Technology
This latest funding round represents continued confidence from existing investors, with Ventura Capital and OCVC having previously led the company's Series A round approximately two years ago. Sean O'Connor, while maintaining his focus on Zilch - the British fintech unicorn expected to list within the next few years - has demonstrated ongoing commitment to ManageMy through this significant investment.
Mo El Husseiny, managing partner at Ventura Capital, emphasised the strategic importance of ManageMy's platform: "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."
Transforming Traditional Insurance Operations
The investment comes at a crucial time for the insurance industry, which has historically lagged behind other financial services sectors in digital transformation. ManageMy's platform addresses this gap by providing insurers with sophisticated tools to modernise their operations, improve efficiency, and enhance customer experiences through technological innovation.
The company's focus on creating an intelligent, integrated insurance operating model positions it uniquely within the growing insurtech sector, offering solutions that combine automation with deep industry expertise to help traditional insurance providers adapt to changing market demands and technological expectations.
