PolicyStreet tops up Series C to US$26mil with additional US$5mil from BlueOrchard as it doubles down on embedded insurance across Asia

• BlueOrchard Joins PolicyStreet’s Series C Round, Bringing Total Series C Funding to US$26 Million
• Investment reinforces commitment to narrow Asia’s protection gap through embedded insurance

PolicyStreet, one of Southeast Asia’s leading insurtech companies, today announced an additional US$5 million investment from BlueOrchard, a global impact investment manager and member of the Schroders Group, through its InsuResilience Investment strategy. The investment brings PolicyStreet’s total Series C funding to US$26 million.

BlueOrchard joins existing investors  including sovereign wealth funds Khazanah Nasional Bhd and Cool Japan Fund, alongside VC firms Altara Ventures and Gobi Partners.

“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. 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 (pic right), Co-Founder and Chief Executive Officer of PolicyStreet.

BlueOrchard is an industry leader in impact investing with a long-standing focus on financial inclusion, climate adaptation, and expanding access to essential services in emerging and frontier markets.

Alice Mak, Investment Director, Private Equity at BlueOrchard, said: “PolicyStreet has demonstrated that insurance can be delivered in a way that is both inclusive and scalable. Through its embedded insurance model, the company is expanding access to protection for underserved and underinsured communities while building a sustainable business. We are excited to support the team as they continue scaling their impact across the region.”

Over the past nine years, PolicyStreet has built Malaysia’s most extensive embedded insurance ecosystem, partnering with leading digital platforms and businesses to integrate protection directly into everyday products and services. As these partnerships scale, the company has expanded access to insurance for millions of consumers, gig workers, and small businesses.

The fresh capital will support PolicyStreet’s continued growth throughout the region, strengthen its technology capabilities, expand embedded insurance partnerships, and accelerate the development of solutions that address the evolving protection needs of individuals and businesses.

Since its founding, PolicyStreet has served more than 10 million customers. Today, nearly one in every ten customers served by PolicyStreet is a gig worker, reflecting the company’s long-standing commitment to extending financial protection to underserved segments.

It has also facilitated over US$10 billion in sum insured and has directly and indirectly served over 50,000 SMEs across Asia. Looking ahead, PolicyStreet aims to serve 1.5 million gig workers and 300,000 SMEs and MSMEs across its footprint by 2030 as it continues working towards narrowing protection gaps across the region.