Insurtech PolicyStreet raised an additional $5 mn from BlueOrchard, a global impact investment manager within the Schroders Group, through its InsuResilience Investment strategy. The new commitment lifts the Southeast Asian insurtech’s Series C round to $26 mn, according to Beinsure.
BlueOrchard joins Khazanah Nasional Berhad, Cool Japan Fund, Altara Ventures and Gobi Partners on PolicyStreet’s investor list.
The funding gives PolicyStreet more capital to expand embedded insurance, deepen distribution partnerships and address protection gaps across underserved markets in Asia.
PolicyStreet has spent the past 9 years building Malaysia’s largest embedded insurance network. The company works with digital platforms and businesses that place protection directly inside everyday products and services. As those partnerships expanded, PolicyStreet reached millions of consumers, gig workers and small businesses that traditional insurance channels often miss.
Yen Ming Lee, Co-Founder and CEO of PolicyStreet, said the company has never treated scale as a revenue-only target. He said PolicyStreet’s mission from day one has focused on narrowing the protection gap and making insurance more accessible, affordable and relevant.
As PolicyStreet scales, we have always been driven by more than revenue growth. Our mission has been clear from day one: to narrow the protection gap and make insurance more accessible, affordable, and relevant.
Yen Ming Lee, Co-Founder and CEO of PolicyStreet
“BlueOrchard’s participation in our Series C round is a strong validation of that mission and our belief that impact and commercial success can go hand in hand. Insurance is not a luxury. It is a necessity, and we remain committed to expanding access to protection for underserved communities across Asia,” said Yen Ming Lee, Co-Founder and Chief Executive Officer of PolicyStreet.
BlueOrchard brings a long track record in financial inclusion, climate adaptation and access to essential services in emerging and frontier markets. Alice Mak, Investment Director, Private Equity at BlueOrchard, said PolicyStreet has shown that insurance distribution works at scale when companies design it around everyday transactions.
Mak said PolicyStreet’s embedded model gives underserved and underinsured communities easier access to protection while supporting a sustainable business. BlueOrchard will support the team as it expands across the region.
The new capital will fund regional growth, stronger technology capabilities, more embedded insurance partnerships and new products for individuals and businesses.
The timing matters because digital commerce, gig work, mobility, travel, logistics and telecommunications all create new insurance demand across Asia.
PolicyStreet has served more than 10 mn customers since launch. Nearly one in 10 customers served by the company is a gig worker, according to Beinsure, showing how much of its growth now comes from segments that often lack steady financial protection.
The company has facilitated more than $10 bn in sum insured and served over 50,000 SMEs across Asia, directly and indirectly. By 2030, PolicyStreet aims to serve 1.5 mn gig workers and 300,000 SMEs and MSMEs.
The BlueOrchard investment follows PolicyStreet’s first close of the same Series C round, when the company secured $21 mn led by Cool Japan Fund, Japan’s sovereign wealth fund. Existing investors Altara Ventures and Gobi Partners also joined that close, together with other backers.
PolicyStreet said the earlier capital would support regional expansion, technology infrastructure and deeper partnerships across Asia’s digital economy. The round came after the company reported more than $1 mn in profit for FY2025, a milestone for a platform that has pushed to prove insurtech economics beyond growth metrics.
Lee said Cool Japan Fund’s participation meant PolicyStreet now has backing from two sovereign wealth funds. He said the investment points to rising conviction around embedded insurance as a distribution model inside Asia’s digital economy.
Cool Japan Fund views PolicyStreet through the lens of digital commerce trust. Kenichi Kawasaki, President, CEO and COO of Cool Japan Fund, said PolicyStreet helps build security and assurance by placing insurance inside transactions and services with less friction for users.
Kawasaki said digital commerce continues to grow across Asia, but trust and risk-management frameworks still remain uneven in some markets. He added that PolicyStreet’s work supports safer economic activity and helps create conditions for Japanese products and services to gain wider acceptance overseas.
Since its 2023 fundraising round led by Khazanah Nasional, PolicyStreet has expanded quickly under the leadership of Yen Ming Lee, Wilson Beh and Winnie Chua. The company doubled customers served from 5 mn to more than 10 mn, while total sum insured rose from $6 bn to more than $10 bn.
PolicyStreet also expanded through partnerships in gig work, mobility, travel, logistics and telecommunications. Those sectors give the company recurring distribution points, where insurance sits closer to the transaction rather than waiting for customers to search for a policy separately.
Dave Ng, General Partner at Altara Ventures, said Altara first backed PolicyStreet in its Series A in 2021 and continued supporting the company because of its operating discipline. He said PolicyStreet has scaled into a regional insurtech business while managing capital carefully.
Thomas Tsao, Co-founder and Chairperson of Gobi Partners, said PolicyStreet’s momentum and partner network show how technology-led insurance distribution produces both commercial outcomes and protection for underserved customers. He said the company has kept its focus on real coverage gaps while expanding across Asia.
