Insurtech Corgi, a technology-driven insurance company, closed $108 mn in total financing from a broad investor group led by Y Combinator, with participation from Kindred Ventures, Contrary, Oliver Jung, Glade Brook Capital Partners, Seven Stars, Leblon Capital, Fellows Fund, Alumni Ventures, Quadri Ventures, Vocal Ventures, Phosphor Capital, SV Angel, and others, Beinsure noted.
The raise follows regulatory approval allowing Corgi to launch what it describes as the first AI-native, full-stack insurance carrier built specifically for startups. Regulatory clearance unlocked the model. Capital accelerates it.
Corgi was founded by Emily Yuan and Nico Laqua. The company plans to deploy seed and Series A capital across product expansion, distribution growth, and continued development of its AI systems supporting underwriting, claims handling, and policy administration.
As a full-stack carrier, Corgi builds and runs its insurance products internally. That structure allows coverage and pricing to shift as startup clients scale, instead of freezing terms inside annual policy cycles.
Modern infrastructure sits underneath the strategy. Corgi positions itself against broker-heavy models built on manual workflows and slow renewals.
The pitch focuses on faster quoting, adaptive coverage, and pricing designed to stay competitive as companies grow fast and break old assumptions.
“Startups move fast, and so should their insurance,” Laqua said. “Founders shouldn’t have to choose between speed, coverage quality, and price”.
We built Corgi to deliver all three in one place, so startups get covered quickly and stay focused on building. This capital lets us expand coverage and keep improving the product.
The insurance portfolio targets venture-backed and high-growth companies. Coverage includes directors and officers liability, errors and omissions liability, cyber insurance, commercial general liability, hired and non-owned auto, fiduciary liability, AI liability, and additional lines built for technology risk.
“True innovation in insurance requires a rare mix of actuarial discipline, AI-driven systems, and a rethink of policy management,” said Kanyi Maqubela, general partner at Kindred Ventures. He said Corgi brings focus and persistence to launching a new carrier in a sector where barriers stay high.
Since receiving full regulatory approval in July 2025, Corgi reports strong revenue traction. Annual recurring revenue has passed $40 mn.
According to Beinsure analysts, momentum reflects rising demand for insurance built around speed, flexibility, and modern operating models across technology and adjacent sectors.
