SEA Deal Ticker
Covering gig workers was never the profitable part: Malaysia's PolicyStreet raises $26M after reaching profit
Japan's Cool Japan Fund leads the Series C alongside Khazanah Nasional, BlueOrchard, Altara Ventures and Gobi Partners. The embedded-insurance platform serves over 5 million customers and more than $10 billion in sum insured.
Positive-sum angle: Riders, sellers and SMEs get cover priced into the platform they already use, and the forty-odd underwriters behind it reach customers no branch network was ever going to find.