PolicyStreet’s Series C funding has reached US$26 million after BlueOrchard joined its cap table with a US$5 million investment.
The company raised the initial US$21 million in April 2026 in what it described as Malaysia’s largest insurtech funding round.
BlueOrchard invested through its InsuResilience Investment strategy. The impact investment manager is part of the Schroders Group.
It joins existing PolicyStreet investors including Khazanah Nasional, Cool Japan Fund, Altara Ventures and Gobi Partners.
PolicyStreet plans to use the funding to support its regional expansion, strengthen its technology and grow its embedded insurance partnerships.
It will also develop solutions for the evolving protection needs of individuals and businesses.
The Malaysian insurtech integrates insurance into the products and services of digital platforms and other businesses.
PolicyStreet Co-Founder and CEO Yen Ming Lee said,
“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.”
Alice Mak, Investment Director for 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.”
PolicyStreet has served more than 10 million customers since it was founded nine years ago. Nearly one in 10 of its customers is a gig worker.
The company has also facilitated more than US$10 billion in sum insured and served over 50,000 SMEs directly and indirectly across Asia.
PolicyStreet aims to serve 1.5 million gig workers and 300,000 MSMEs by 2030.
