Corgi has raised $108 million from backers including Y Combinator, Kindred Ventures and SV Angel to scale startup-focused coverage and distribution.
The company said the funding includes a recent Series A round and an earlier seed round. Other investors listed in the announcement include Contrary, Oliver Jung, Glade Brook Capital Partners, Seven Stars, Leblon Capital (Andrej Henkler, Fadwa Ouardani), Fellows Fund, Alumni Ventures, Quadri Ventures, Vocal Ventures, Phosphor Capital and others.
Corgi said it will use the capital to scale its startup insurance line by widening coverage and distribution, along with further development of the AI systems used in underwriting, claims and policy operations. The company said it operates as a full-stack carrier, designing and managing insurance end-to-end so products can be tailored to startups as they grow and change.
The carrier is positioning its infrastructure as a contrast to incumbents that rely on broker-centered distribution, manual workflows and annual policy cycles. Corgi said its systems are designed to offer competitive pricing, instant quoting and coverage that adjusts as businesses scale.
“Startups move fast, and so should their insurance,” said Nico Laqua (pictured right), co-founder and CEO of Corgi. “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.”
Corgi’s startup insurance offering targets venture-backed companies and other high-growth businesses. The company said its product line includes directors and officers (D&O) liability, errors and omissions (E&O) liability, cyber, commercial general liability (CGL), hired and non-owned auto (HNOA), fiduciary liability, AI liability and other coverages.
“True innovation in insurance requires a special combination of actuarial science, AI-driven systems, and a fundamental rethinking of policy management. 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,” said Kanyi Maqubela, general partner at Kindred Ventures.
Corgi said annual recurring revenue has surpassed $40 million since full regulatory approval in July 2025.
The Wall Street Journal also included Corgi in a September 11, 2025 report on younger founders in San Francisco’s AI startup ecosystem, quoting co-founder Emily Yuan (pictured left) saying: “Why would I go drink at a bar if I can be building a company?” The Journal also quoted Laqua saying he hires only people willing to work seven days a week.
