Corgi, a technology-driven insurance company focused on startups, has secured $108 million in total financing from a broad investor group that includes 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, and SV Angel, among others.
The company says the financing comes soon after it received regulatory approval to launch what it describes as the first AI-native, full-stack insurance carrier designed specifically for startups. Corgi was founded by Emily Yuan and Nico Laqua.
Where the money goes: coverage breadth, distribution, and the “AI engine” behind the carrier
Corgi is set to apply the funds from the seed and Series A investments to develop their product offerings for startups. The proposed investments by the company cover increased coverage options, expanded distribution, and further development in AI solutions for underwriting, claims handling, and policy administration.
Corgi positions itself as a full-stack carrier, meaning it builds and operates its insurance products internally, which it says enables customization as startup customers scale.
The pitch: faster quoting and adaptable coverage
In outlining the model, the company contrasts its approach with insurers it says rely on broker-heavy models, manual processes, and annual policy cycles . Corgi says it aims to deliver faster quoting, adaptable coverage, and pricing intended to remain competitive for fast-growing businesses.
“Startups move fast, and so should their insurance,” Laqua said, adding that founders shouldn’t have to trade off between speed, coverage quality, and price.
What Corgi is selling to venture-backed companies
The company’s startup insurance portfolio targets venture-backed and high-growth companies and includes coverage such as: 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, and AI liability, alongside additional coverages.
Investor view: “actuarial science + AI-driven systems”
Kindred Ventures General Partner Kanyi Maqubela framed the opportunity as a difficult build in financial services, one that requires “a special combination of actuarial science, AI-driven systems, and a fundamental rethinking of policy management”.
Revenue marker after regulatory approval
Corgi attained full regulatory approvals in July 2025. Ever since, the company has been reporting an annual recurring revenue of more than $40 million, an indicator of growing interest in their insurance offerings, which stress speed, flexibility, and new ways of operating.
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