Toronto-based digital insurance platform PolicyMe has raised $30 million in equity and debt financing to fuel national expansion and new product launches. Backed by Blue Cross Life and Securian Canada, the funding brings PolicyMe’s total capital raised to $51 million.
The firm has introduced health and dental insurance to support underinsured gig workers and powers white-labeled digital products for major partners. Since its 2022 Series A, PolicyMe has tripled its workforce, issued over $10 billion in coverage, and grown premium sales 5.5x. The company plans to invest in AI and infrastructure to streamline underwriting and digital access.
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