Corgi, a US-based InsurTech company focused on building a full-stack, AI-native insurance carrier for startups, has raised $108m in funding following regulatory approval to enter the market.
The newly raised capital will be used to scale Corgi’s startup insurance line, including expanding the breadth of coverage offered, growing distribution channels and further developing the AI systems that underpin underwriting, claims and policy management.
The company says this approach allows it to support startups as they grow, evolve and face increasingly complex risk profiles.
The funding round attracted a broad group of backers including Y Combinator, Kindred Ventures, Contrary, Oliver Jung, Glade Brook Capital Partners, Seven Stars, Leblon Capital, Fellows Fund, Alumni Ventures, Quadri Ventures, Vocal Ventures, Phosphor Capital, SV Angel and other investors.
Founded by Emily Yuan and Nico Laqua, Corgi operates as a full-stack insurance carrier, meaning it designs, underwrites and manages insurance products end-to-end.
The company has positioned itself as an alternative to traditional insurers by building modern infrastructure that aims to better serve the needs of fast-growing startups and venture-backed businesses.
Corgi’s platform is built around AI-driven systems that power underwriting, claims handling and policy operations. Unlike legacy insurers that often rely on brokers, manual processes and rigid annual policy cycles, the company’s technology is designed to offer faster quoting, more competitive pricing and coverage that can adapt as a business scales.
Its insurance products are tailored to the realities of modern startup operations, where speed and flexibility are often critical.
Corgi’s insurance portfolio includes directors and officers liability, errors and omissions liability, cyber insurance, commercial general liability, hired and non-owned auto, fiduciary liability and AI liability, among other coverages. These products are designed specifically for high-growth and venture-backed companies seeking insurance aligned with modern operating models.
Corgi co-founder and CEO Nico Laqua said, “Startups move fast, and so should their insurance. Founders shouldn’t have to choose between speed, coverage quality and price. We built Corgi to deliver all three in one place, so startups can get covered quickly and focus on building. This capital helps us expand coverage and keep improving the product.”
Kindred Ventures general partner Kanyi Maqubela said, “True innovation in insurance requires a special combination of actuarial science, AI-driven systems, and a fundamental rethinking of policy management. Corgi brings rare tenacity and technical focus to one of the hardest challenges in financial services by launching a new carrier to transform insurance, starting with technology companies.”
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