PolicyStreet has raised US$21 million in the first part of its Series C funding round. The round was led by Cool Japan Fund, with existing investors Altara Ventures and Gobi Partners also investing again.
At first, this looks like a normal funding update. But it also shows a bigger trend—investors now want more than just hype in insurtech. They are focusing on companies that are profitable, well-managed, and play a strong role in Southeast Asia’s growing digital ecosystem.
“With Cool Japan Fund joining this round, PolicyStreet is now backed by two sovereign wealth funds, which serves as a strong validation of both our business model and the long-term potential of insurtech in Asia. This milestone reflects not only the progress we’ve made in building a sustainable, profitable business, but also the growing conviction that embedded insurance will play a critical role in the region’s digital economy. As we scale, our focus remains on strengthening our technology and deepening partnerships to drive meaningful, long-term growth,” said Yen Ming Lee, Co-Founder and Chief Executive Officer of PolicyStreet.
“PolicyStreet’s initiatives support sound and sustainable economic activity and also contribute to creating an environment in which Japan’s high-quality products and services can be more readily accepted overseas,” said Kenichi Kawasaki, President, CEO, and COO of Cool Japan Fund.
PolicyStreet plans to use the new funds to expand into more markets, improve its technology, and grow its presence in Asia’s digital economy.
This funding comes after a strong financial year in 2025, where the company made over $1 million in profit.
According to Lee Yen Ming, the company will continue focusing on adding insurance products directly into digital transactions to drive future growth.
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