PolicyStreet Raises $21M Series C for Embedded Insurance Expansion in Asia

PolicyStreet, a Malaysia-based InsurTech company, announced a $21 million first close of its Series C funding round on April 1, 2026. The round was led by Cool Japan Fund, with participation from existing and new investors including Altara Ventures and Gobi Partners. PolicyStreet operates an embedded insurance platform that enables businesses across Asia to integrate insurance products directly into their customer journeys.

The fresh capital will be used to expand the platform's geographic footprint and deepen product offerings across the region. PolicyStreet's model aligns with the broader embedded finance trend, where insurance is distributed through non-insurance digital platforms at the point of need. The investment highlights growing investor interest in embedded finance beyond payments and lending, extending into insurance verticals particularly in high-growth APAC markets.

Additional financial terms and the target for the full Series C close were not disclosed.