PolicyStreet has secured RM84 million (US$21 million) in the first close of its Series C funding round, marking a significant step forward in its regional growth ambitions. The round is led by Cool Japan Fund, with participation from existing investors Altara Ventures and Gobi Partners, alongside other contributors. This latest investment brings added momentum to the company’s expansion strategy, particularly as it continues to strengthen its position as a leading insurtech player across Asia.
The funding milestone follows PolicyStreet’s strong financial performance in FY2025, where the company reported over RM4 million (US$1 million) in profit—an important achievement in its journey towards building a sustainable and profitable insurtech platform. With fresh capital in hand, PolicyStreet plans to accelerate its regional footprint, enhance its technology infrastructure, and deepen strategic partnerships within Asia’s rapidly evolving digital economy. The company’s focus on embedded insurance solutions is expected to play a key role in driving long-term growth and improving accessibility to insurance services.
According to Co-Founder and Group CEO Yen Ming Lee, the participation of Cool Japan Fund means PolicyStreet is now backed by two sovereign wealth funds, further validating its business model and long-term potential. This development underscores growing confidence in embedded insurance as a critical component of Asia’s digital ecosystem. By integrating insurance seamlessly into digital transactions, PolicyStreet aims to address trust gaps and provide consumers with greater confidence in cross-border e-commerce activities.
The investment also aligns with Cool Japan Fund’s broader mission to support the international expansion of Japanese products and services. By enhancing trust and risk management frameworks in digital commerce, PolicyStreet is helping to create a more secure environment for businesses and consumers alike. This, in turn, supports the growth of cross-border trade and strengthens the adoption of high-quality offerings from Japan across Asian markets.
Since its previous funding round led by Khazanah Nasional in 2023, PolicyStreet has demonstrated rapid growth under the leadership of Yen Ming Lee, Wilson Beh, and Winnie Chua. The company has doubled its customer base from 5 million to over 10 million, while increasing its total sum insured from RM24 billion (US$6 billion) to more than RM40 billion (US$10 billion). This growth has been supported by strategic partnerships across key sectors such as gig economy platforms, mobility, travel, logistics, and telecommunications.
Investors continue to express strong confidence in PolicyStreet’s trajectory. Altara Ventures highlighted the company’s disciplined execution and consistent performance since its Series A investment in 2021, while Gobi Partners emphasised its ability to deliver both commercial success and meaningful social impact by addressing protection gaps across the region. These endorsements reinforce PolicyStreet’s standing as a high-growth insurtech company with strong fundamentals and a clear vision for the future.
The company’s achievements have also been recognised internationally, including its inclusion in the Financial Times and Statista’s High-Growth Companies Asia-Pacific 2026 list and its win at The Asset’s Triple A Digital Awards for Best Digital Insurance Project. As PolicyStreet continues discussions with potential investors for the remainder of its Series C round, it remains focused on scaling its technology platform, strengthening partnerships, and expanding its presence across Asia’s dynamic digital landscape.