What’s cooking? Malaysia-based insurtech PolicyStreet provides digital insurance solutions to businesses and consumers across SEA. 

• Now, they’ve just raised $21M in the first close of their Series C round. 

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Investor check. Cool Japan Fund, Japan’s sovereign wealth fund, led the round. (Malaysia’s sovereign wealth fund, Khazanah Nasional, also backed the insurtech in 2023.)

• Meanwhile, existing investors Altara Ventures and Gobi Partners, along with other investors, also joined. 

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👥 The ABCs of PolicyStreet

PolicyStreet provides employee benefits and group insurance solutions, insurance aggregation services, and digital infrastructure that simplifies insurance. 

• They partner with over 40 insurance and takaful providers globally.

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🧮 Run the numbers

The funding follows the company’s report that they’ve reached more than $1M in profit in 2025. 

• Oh, and since their previous funding round, they’ve reportedly doubled the number of customers they serve, from 5M to more than 10M.
• They’ve also had more than $10B in sum insured.

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💸 What’s next? 

They’ll use the $$$ to support regional expansion, boost technology infrastructure, and strengthen partnerships across Asia.