Corgi announced it has raised $108 million and recently secured regulatory approval to operate as a licensed, full-stack insurance carrier built specifically for startups, positioning the company to offer end-to-end coverage spanning underwriting, policy administration, and claims. Investors participating in the funding include Y Combinator, Kindred Ventures, Contrary, Oliver Jung, Glade Brook Capital Partners, Seven Stars, Leblon Capital (Andrej Henkler, Fadwa Ouardani), Fellows Fund, Alumni Ventures, Quadri Ventures, Vocal Ventures, Phosphor Capital and SV Angel, among others.
The financing combines a new Series A round and an earlier seed round, according to the company. Corgi said proceeds will be used to scale its startup insurance line by expanding coverage and distribution, while continuing to build the AI systems that automate and manage core insurance functions across the policy lifecycle.
Corgi is led by co-founders Emily Yuan and Nico Laqua, with Laqua serving as CEO. The company is pitching its model as an alternative to legacy insurance workflows that often rely on brokers, manual processes, and annual policy cycles, constraints Corgi argues are mismatched to the pace and changing risk profiles of high-growth startups. Corgi said its technology is designed to support faster quoting, competitive pricing, and coverage that can adjust as companies scale.
The company’s product suite targets venture-backed and high-growth businesses and includes lines such as directors and officers liability, errors and omissions, cyber, commercial general liability, hired and non-owned auto, fiduciary liability, and AI liability, among others.
Corgi also reported rapid revenue growth, noting that annual recurring revenue has surpassed $40 million since it received full regulatory approval in July 2025.
KEY QUOTES:
“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.”
Nico Laqua, Co-Founder and CEO, Corgi
“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.”
Kanyi Maqubela, General Partner, Kindred Ventures
