Corgi, an insurtech focused on emerging technology risks, raised $160 mn in Series B funding at a $1.3 bn valuation. TCV led the round, which follows Corgi’s $108 mn Series A announced 16 weeks earlier. Total funding now exceeds $268 mn.
The new round was led by TCV and brings Corgi’s total funding to more than $268 mn. The company said the capital will support expansion into trucking, payroll, small business, and other insurance verticals where legacy systems still dominate daily operations.
Corgi, founded by Emily Yuan and Nico Laqua, is building AI-driven insurance infrastructure for underwriting, claims, policy administration, and related back-office workflows.
The company wants to replace fragmented systems that split work across carriers, MGAs, reinsurers, brokers, and third-party administrators.
That fragmentation slows decisions, adds cost, and leaves too much manual work in the system. Corgi’s platform aims to consolidate those workflows into one operating model, using automation and AI to speed onboarding, policy management, underwriting, and claims handling.
The company initially focused on startup insurance, with streamlined onboarding, automated policy tools, and faster claims processing. It is now moving into trucking insurance, where it plans to use real-time risk modelling and adaptive pricing linked to operational data.
Corgi said it is already trusted by thousands of technology companies. According to Beinsure analysts, the company’s pitch fits a broader shift in insurance infrastructure: carriers and MGAs want systems that price, bind, service, and pay claims faster, without forcing every process through old admin software.
The Series B included participation from Oliver Jung, Leblon Capital, Kindred Ventures, Repeat Ventures, Zone II Ventures, Audeo Ventures, Quadri, First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar, Seven Stars, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd, Alumni Ventures, Global Growth Fund, 8188 Capital, and other strategic investors.
Existing backers including Y Combinator, Kindred Ventures, and Contrary also participated. The round gives Corgi more capital to expand product coverage, deepen underwriting and claims automation, and enter new industry segments beyond its startup-focused base.
Yuan, Corgi’s co-founder and COO, said insurance remains one of the world’s largest industries but still depends on infrastructure built for another era. She said the company started with property management and is expanding into trucking insurance, payroll, and small business to automate difficult workflows across the real economy.
Laqua, Corgi’s co-founder and CEO, said the company plans to take bigger risks than safer competitors and keep building with ambition. Big words, yes. The funding gives Corgi room to prove them.
Corgi has also launched an AI Insurance Coverage product for businesses facing financial and legal exposure tied to artificial intelligence systems.
The product targets risks that traditional insurance often does not cover well, including algorithmic bias, autonomous decisions, harmful generated content, AI errors, and misuse of training data.
The product is designed to plug into existing technology errors and omissions coverage rather than require companies to buy a separate standalone policy. Its modular structure lets businesses select coverage based on how they use AI in production.
The coverage addresses biased or inaccurate outputs, adversarial attacks, synthetic media issues, failures in autonomous systems, and other operational risks tied to AI deployment.
That range reflects how quickly AI risk has moved from theory into working systems.
Some traditional insurers have started excluding AI-related risks from policies, creating demand for specialised coverage. Corgi is targeting technology companies, startups, and enterprises that already use AI in live environments and need insurance that matches actual exposure.
Laqua said businesses are moving quickly with AI while their insurance has not kept pace. He said Corgi built the product for a market where AI systems make decisions, take actions, and sometimes make mistakes.
Yuan said Corgi began with the goal of building the insurance company its founders wished had existed when they were starting out. That meant reworking underwriting, claims, and policy operations from the ground up.
