InsurTech firm ManageMy has recently announced that it has raised $45 million in new funding. This includes $20 million from a Series B round, largely aimed at driving its international growth and enhancing its artificial intelligence (AI) capabilities.
The funding round was jointly led by Ventura Capital and OCVC, the investment vehicle of Sean O’Connor, co-founder of Zilch. This collaboration signals strong interest and confidence in ManageMy's potential within the InsurTech landscape.
The primary objectives for this funding are twofold. First, ManageMy is looking to expand its presence globally. This means not just increasing its footprint but also adapting its services to better meet the demands of different markets.
Second, the investment will significantly enhance ManageMy's focus on AI-driven solutions. By leveraging advanced technology, the company aims to improve its operational efficiency and provide tailored solutions to its clients. This move aligns with broader industry trends where InsurTech firms are increasingly integrating technology into their offerings.
This funding round and subsequent expansion could impact a wide range of stakeholders, including potential customers in new markets, employees, and investors. Enhanced AI capabilities might lead to more efficient insurance processes, benefiting clients through better service and streamlined experiences.
The success of this funding round suggests a positive outlook for ManageMy as it positions itself for growth and technological advancement within the competitive InsurTech sector.
Original Source: https://fintech.global/2026/02/11/insurtech-firm-managemy-secures-45m-to-drive-global-growth/