ManageMy has raised $45 million, including $20 million from a Series B round, as it looks to expand its AI-powered insurance orchestration platform. The Series B was co-led by Ventura Capital and OCVC, with additional backing from BNF and a consortium of strategic leaders from both traditional insurance and InsurTech.

The new funding builds on earlier support from Ventura and OCVC, who also led the company’s Series A. While valuation details were not disclosed, the continued participation of existing investors signals confidence in the company’s trajectory and enterprise adoption.

Insurance Modernization Gains Urgency

The insurance industry faces increasing pressure to move faster, lower operating costs, and improve customer experience across sales, underwriting, and claims. Many carriers still rely on fragmented systems that slow decision making and create operational friction.

ManageMy positions itself as an integrated front-end and decision layer alternative to legacy portals and point solutions. The platform is already used by over 45 major insurance carriers and broker groups across North America, supporting life, health, and property and casualty lines.

“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.

This investment enables us to accelerate product depth, expand distribution, and convert strong client adoption into even more durable, high-quality recurring revenue. ManageMy is now uniquely positioned to become a long-term infrastructure partner to the global insurance industry.

Insurers are under growing pressure to improve speed, accuracy, and customer experience while increasing sales and reducing costs. Our platform is purpose-built to address those challenges – delivering AI-enabled decisioning and orchestration across the entire Buy-Manage-Claim lifecycle.”

Stephen Collins, Co-Founder and CEO of ManageMy

Where the New Funding Will Go

The company plans to expand its presence in North America while strengthening traction in Asia Pacific and Europe. International growth remains a core priority as insurers across markets seek scalable digital operating models.

ManageMy will also invest in AI development, including agentic workflows, explainable decision systems, and data-driven underwriting automation. Product expansion will focus on enhancing its integrated services platform and adding industry specific modules.

In parallel, the company will scale its commercial and engineering teams. Hiring will concentrate on engineering, implementation, and customer success to support enterprise deployments and long-term client relationships.

Building a “Deep Front-End” Category

Founded by Sean O’Connor, Co-Founder of FinTech unicorn Zilch, through his investment vehicle OCVC.com, ManageMy was created alongside a team of insurance, data, and technology specialists. The company is led by Co-Founder and CEO Stephen Collins.

“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. We are delighted to continue partnering with Sean O’Connor across his ventures and with the team at ManageMy.”

Mo El Husseiny, Managing Partner at Ventura Capital

The continued backing from Ventura Capital reflects investor confidence in ManageMy’s enterprise adoption and long term positioning. Over the past two years, the company has expanded its footprint across major carriers and broker groups, positioning itself as an alternative to fragmented legacy portals.

At the same time, the broader insurance market is entering a phase where digital decision layers are becoming core infrastructure rather than optional add ons. Platforms that combine orchestration, underwriting logic, and claims workflows are increasingly viewed as foundational systems within modern carriers.

“When we co-found a business, we do so with tier one operating co-founders, like Stephen Collins, who, along with the team he has built, have deep domain expertise in insurance and the application of technology within the industry.

Insurance is a fundamental financial inclusion product, designed for social good. ManageMy is the intelligent application of increasingly critical digital infrastructure into the incumbent insurers and brokers, which enables transformation of the operating model and creates new value for insurers, brokers and consumers. This also makes it increasingly economically viable to open up insurance to the millions who are uninsured or underinsured.”

Sean O’Connor, Co-Founder of ManageMy and Founder of OCVC.com

Investors and Track Record

The $45 million raise includes Series B participation from Ventura Capital and OCVC, alongside BNF and strategic investors from across the insurance and InsurTech ecosystem. Ventura and OCVC previously led the company’s Series A round.

The repeat backing from core investors, combined with participation from sector-focused partners, reflects sustained interest in applied AI platforms built specifically for enterprise insurance environments.

Origianl Creator: Paulo Palma
Original Link: https://justainews.com/companies/funding-news/managemy-raises-45m-in-series-b-funding/
Originally Posted: Thu, 12 Feb 2026 00:45:47 +0000