Corgi Lands $108M—Is This the Future of Insurance or Just a Risky Gamble?

Corgi, a technology-driven insurance company, has successfully raised $108 million in financing from a diverse group of investors, including prominent names such as Y Combinator, Kindred Ventures, Contrary, Oliver Jung, Glade Brook Capital Partners, Seven Stars, and several others. This funding marks a significant milestone for the company, which recently received regulatory approval to launch what it claims is the first AI-native, full-stack insurance carrier specifically designed for startups.

Founded by Emily Yuan and Nico Laqua, Corgi plans to use the capital from its seed and Series A funding rounds to enhance its offerings targeted at startups. The company aims to broaden coverage options, expand distribution channels, and continue developing the AI systems that underpin its underwriting, claims processing, and policy administration. By operating as a full-stack carrier, Corgi builds and manages its insurance products internally, allowing for customization as its startup clients scale.

What sets Corgi apart is its modern infrastructure, which contrasts sharply with traditional insurers that often depend on broker-heavy models, manual processes, and lengthy annual policy cycles. Corgi strives to deliver faster quoting, adaptable coverage, and competitive pricing that aligns with the fast-paced needs of growing businesses. “Startups move fast, and so should their insurance,” Laqua remarked. “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 Corgi offers is tailored for venture-backed and high-growth companies and includes key coverages 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 even AI liability.

“True innovation in insurance requires a special combination of actuarial science, AI-driven systems, and a fundamental rethinking of policy management,” noted Kanyi Maqubela, General Partner at Kindred Ventures. “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.”

Since receiving full regulatory approval in July 2025, Corgi has seen impressive revenue growth across its various products, reporting annual recurring revenue exceeding $40 million. This growth reflects a rising demand for insurance solutions that emphasize speed, flexibility, and modern operational models across diverse industries. As more startups emerge in an increasingly competitive landscape, companies like Corgi are positioning themselves to meet the unique needs of this dynamic market.

In a world where traditional insurance often struggles to keep pace with the rapid evolution of technology and business models, Corgi is setting a precedent. By leveraging advanced technologies and a deep understanding of startup needs, Corgi not only facilitates insurance access but also empowers founders to concentrate on what they do best: innovating and growing their businesses.