Corgi announced it raised $160 million in Series B financing at a $1.3 billion valuation to support the expansion of its AI-native, full-stack insurance platform into additional industry verticals. The financing round was led by TCV and included participation from existing and new investors, including Oliver Jung, Leblon Capital, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar, Seven Stars Ventures, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd, Alumni Ventures, Global Growth Fund, and other strategic investors.
The company said the latest funding builds on its previously announced $108 million in seed and Series A funding, backed by investors including Y Combinator, Kindred Ventures, and Contrary. Total funding raised by Corgi now exceeds $268 million.
Founded by Emily Yuan and Nico Laqua, Corgi develops an AI-native, full-stack insurance carrier platform designed for startups. The company received regulatory approval in July 2025 and operates as a licensed insurance carrier managing underwriting, claims, policy administration, and coverage operations internally.
Corgi said the new capital will support expansion of its startup-focused insurance products, broader distribution capabilities, and continued investment in AI systems supporting underwriting, claims processing, and policy management workflows.
The company also announced plans to expand into new verticals beginning with trucking insurance. According to Corgi, the platform is designed to provide faster quoting, adaptive risk modeling, and coverage structures aligned with operational conditions in real-world industries.
Corgi said its broader strategy focuses on modernizing insurance infrastructure traditionally fragmented across third-party administrators, managing general agents, reinsurers, and carriers. The company aims to streamline decision-making, reduce operational inefficiencies, and provide real-time insurance coverage capabilities.
KEY QUOTES:
“Insurance is one of the largest industries in the world, but it’s still built on infrastructure from centuries ago. We started with property management and are expanding into trucking insurance, payroll, and small business, automating some of the hardest workflows in the real economy.”
Emily Yuan, Co-Founder And COO, Corgi
“Where other companies might take the boring but safe path, Corgi will always dream bigger, accomplish more, and take more swings for the fences. We will for sure always be the most passionate, genuine, curious, and ambitious of any company.”
Nico Laqua, Co-Founder And CEO, Corgi
