AI insurance platform Corgi has secured $40.7m from investors in a new securities offering, according to a filing with the US Securities and Exchange Commission (SEC).
The San Francisco-based company, which was previously valued at $2.6bn, raised $40,678,902 from 11 investors through a mix of equity and rights to purchase additional securities.
The offering’s first sale took place on 9 July. Investors participating in the round were required to commit at least $10,000.
The offering was filed under Rule 506(b) of Regulation D. The filing states that none of the proceeds will be used to make payments to the company’s executive officers, directors or promoters, while no sales commissions or finder’s fees were reported in connection with the raise.
The latest capital injection adds to Corgi’s previous fundraising, which includes a $160m Series B and a subsequent $106m raise that valued the company at $2.6bn.
Corgi operates an AI-native insurance platform serving startups and other commercial businesses, with its technology supporting areas including underwriting and policy management. The company was incorporated in Delaware in 2024 and is led by co-founders Nico Laqua and Emily Yuan.
Alexander Wortmann and Oliver Jung are also listed as directors in the latest filing, while Yuan, who serves as chief operating officer, signed the filing on 21 August.
The latest funding comes as insurers increasingly explore AI across the insurance lifecycle, with technology being used to support underwriting, risk assessment and policy management. Corgi has positioned its platform around using AI to streamline these processes for commercial insurance customers, as InsurTechs continue to attract capital for technology-led approaches to insurance.
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