Corgi, a technology-driven insurance company, has secured $108 million in total financing from a group of investors that includes 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, SV Angel, and others.
The raise follows the company’s recent regulatory approval to launch what it describes as the first AI-native, full-stack insurance carrier designed specifically for startups.
Founded by Emily Yuan and Nico Laqua, Corgi plans to use the capital from its seed and Series A rounds to grow its startup-focused insurance offerings. Planned investments include broader coverage options, expanded distribution, and continued development of the AI systems that support underwriting, claims processing, and policy administration. As a full-stack carrier, the company builds and operates its insurance products internally, enabling customization as startup customers scale.
Modern infrastructure underpins Corgi’s approach, distinguishing it from insurers that rely on broker-heavy models, manual processes, and annual policy cycles. The company aims to offer faster quoting, adaptable coverage, and pricing intended to stay competitive for fast-growing businesses.
“Startups move fast, and so should their insurance,” said Laqua. “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.”
The startup insurance portfolio targets venture-backed and high-growth companies and includes directors and officers (D&O) liability, errors and omissions (E&O) liability, cyber insurance, commercial general liability (CGL), hired and non-owned auto (HNOA), fiduciary liability, AI liability, and additional coverages.
“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,” added Kanyi Maqubela, General Partner at Kindred Ventures.
Since receiving full regulatory approval in July 2025, Corgi has reported strong revenue growth across its products, with annual recurring revenue exceeding $40 million. The company attributes this progress to rising interest in insurance solutions that emphasize speed, flexibility, and modern operational models across a range of industries.
