KUALA LUMPUR, 1 APRIL2026 — PolicyStreet, a Malaysian-born regionalinsurtech company, has secured US$21 million in the first close of its Series Cfunding round, led by Cool Japan Fund (CJF), Japan’s sovereign wealth fund,with participation from existing investors Altara Ventures and Gobi Partners.
The investment followsthe company’s recent announcement that it recorded over US$1 million in profitfor FY2025, marking a key milestone in its journey to build a sustainable andprofitable insurtech platform. The new capital will support the company’s nextphase of growth, accelerating regional expansion, strengthening its technologyinfrastructure, and deepening partnerships across Asia’s digital economy.
“With Cool Japan Fundjoining this round, PolicyStreet is now backed by two sovereign wealth funds,which serves as a strong validation of both our business model and thelong-term potential of insurtech in Asia. This milestone reflects not only theprogress we’ve made in building a sustainable, profitable business, but alsothe growing conviction that embedded insurance will play a critical role in theregion’s digital economy. As we scale, our focus remains on strengthening ourtechnology and deepening partnerships to drive meaningful, long-term growth,”said Yen Ming Lee, Co-Founder and Chief Executive Officer of PolicyStreet.
The investment by CoolJapan Fund underscores the strategic role of embedded insurance instrengthening consumer trust within Asia’s digital commerce ecosystem. Byaddressing key confidence barriers in cross-border transactions, PolicyStreetenables greater participation in regional e-commerce, aligning with Cool JapanFund’s broader mission to support the global expansion of Japanese products andservices.
“PolicyStreet isaddressing a critical challenge in digital commerce by building a sense ofsecurity and assurance through its embedded insurance model, which seamlesslyintegrates insurance into transactions and services. We believe this approach,which provides essential protection while minimizing friction for users, hasthe potential to serve as a foundation for the safe and confident expansion ofonline commerce and digital services,” says President, CEO, and COO of CoolJapan Fund, Kenichi Kawasaki.
“While digital commercecontinues to grow across Asia, there are still areas where frameworks for trustand risk management are not yet fully established. PolicyStreet’s initiativessupport sound and sustainable economic activity and also contribute to creatingan environment in which Japan’s high quality products and services can be morereadily accepted overseas. Through this investment, we look forward tocontributing to the expansion of Japanese companies across Asia and to thecreation of overseas demand,” adds Kawasaki.
Since its previousfundraising round led by Khazanah Nasional, Malaysia’s sovereign wealth fund in2023, PolicyStreet has scaled rapidly across Asia under the leadership ofinsurance professionals Yen Ming Lee, Wilson Beh, and Winnie Chua. The companyhas doubled the number of customers served from 5 million to over 10 million,while increasing its total sum insured from US$6 billion to more than US$10billion.
“Altara has partnered upwith PolicyStreet since 2021 in its Series A and we are delighted to back themagain in this round for future growth. The company has consistently deliveredstrong results with capital discipline, scaling its platform to become aregional insurtech leader. We are excited with the many upcoming opportunitiesfor the company,” said Dave Ng, General Partner of Altara Ventures.
Over the same period,PolicyStreet has expanded its regional footprint through strategic partnershipsacross key sectors, including gig work, mobility, travel, logistics, andtelecommunications in Asia.
“PolicyStreet’s continuedmomentum and expanding ecosystem partnerships demonstrate how technology-driveninsurance can deliver both strong commercial outcomes and meaningful socialimpact. As early investors, we have seen the team execute with discipline whilestaying committed to addressing real protection gaps across Asia. PolicyStreetis a clear example of how backing the right founders in the region can generateboth financial returns and lasting impact, and we are proud to continuesupporting the company in its growth journey,” said Gobi Partners Co-founderand Chairperson, Thomas Tsao.
This growth trajectoryhas also been recognised through industry rankings and awards, including theFinancial Times and Statista’s High-Growth Companies Asia-Pacific 2026list and The Asset’s Triple A Digital Awards, where PolicyStreet was named Best Digital Insurance Project.
PolicyStreet remains inactive discussions with investors as it progresses through its Series Cfundraising, reflecting continued strong interest in the company’s growthtrajectory and long-term vision. Building on this momentum, the company will continue to deepen strategic partnerships and strengthen its technologyplatform as it scales its presence across Asia.
About PolicyStreet
PolicyStreet Group is a full-stack insurance technology (insurtech) group of companies providing digital insurancesolutions to businesses and consumers across Asia and Australia.
The Group operates through multiple entities across its key marketsand business lines, including its insurance distribution, embedded insurance,and reinsurance arms. It partners with over 40 insurance and takaful providersglobally to deliver employee benefits and group insurance solutions, insuranceaggregation services, and digital infrastructure that simplifies insurance.
PolicyStreet Group is backed by leading venture capital firms AltaraVentures and Gobi Partners, as well as sovereign wealth funds Khazanah NasionalBerhad and Cool Japan Fund. The Group serves over 10 million customers withmore than US$10 billion in sum insured. It was featured in the Financial Timesand Statista’s Top 500 High-Growth Companies Asia-Pacific 2026 list and named“Most Disruptive Insurtech in Malaysia” at the Insurance Asia News (IAN)Country Awards for Excellence 2025.