Corgi raises $160 million to build AI-native insurance platform
Corgi closed a $160 million Series B at a $1.3 billion valuation, pushing its AI-native insurance stack deeper into startup risk.
Corgi just turned a fast-moving insurance startup into a unicorn, raising $160 million in Series B funding at a $1.3 billion valuation as it pushes to become the full-stack operating layer for startup insurance. The round was led by TCV and included Kindred Ventures, Leblon Capital and First Order Fund, alongside a broader mix of existing and new backers.
The pitch is bigger than a point product. Corgi says it is building the first AI-native, full-stack insurance platform for startups, with artificial intelligence sitting inside underwriting, claims and policy operations rather than bolted on as a feature. The company said the new capital will help it keep expanding into new verticals, a sign it is aiming well beyond a narrow line of coverage and into a broader insurance operating platform.
That ambition has been building quickly. Corgi was founded in 2024 by Emily Yuan and Nico Laqua, and TechCrunch reported that Laqua was part of Y Combinator’s Spring 2024 batch. On Jan. 9, 2026, the company said it had raised $108 million and won regulatory approval to launch as a licensed carrier, a crucial step that let it move from software-enabled insurance distribution toward owning more of the insurance stack itself. Corgi said the Series B came just 16 weeks after its Series A, bringing total funding to more than $268 million.
Corgi’s early business already gives a clear read on the wedge it is using. TechCrunch reported that Deel and Artisan were among its customers, and the company’s first products included general liability, cyber liability and tech-and-AI liability coverage. Corgi has said its platform is meant to replace broker-driven workflows and manual policy processes with real-time data, automation and underwriting models tuned for technology startups and digital-first businesses.
The company’s own materials now go further, laying out modular coverage for pre-seed and seed startups, Series A companies and growth-stage businesses. Those offerings include CGL, D&O, tech and AI liability, cyber, EPLI, fiduciary, media liability, hired and non-owned auto, and representations and warranties. “Corgi is faster, more cost-efficient, and built to perform because we are full-stack,” the company said. “By controlling underwriting, policy design, and claims in one place, we move faster, and pass that speed to founders.” Kindred Ventures’ Kanyi Maqubela put it more bluntly around the company’s launch, saying Corgi had “rare tenacity and technical focus” in one of financial services’ hardest problems.
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