Corgi Raises $160M to Expand AI Insurance Platform
Corgi, an AI-native full-stack insurance carrier, has secured $160 million in Series B funding, bringing its valuation to $1.3 billion and expanding its focus into trucking and logistics while introducing AI-specific liability coverage. The round was led by TCV, with participation from Y Combinator and other investors, and will accelerate Corgi’s AI-driven underwriting and claims processing capabilities across the U.S.
Corgi, an AI-native insurance carrier founded in 2024 by Nico Laqua (CEO) and Emily Yuan (COO), has raised $160 million in Series B funding, increasing its valuation to $1.3 billion. The round was led by TCV, with additional backing from Y Combinator, Kindred Ventures, Contrary, Leblon Capital, and Oliver Jung, bringing total capital to over $268 million. Unlike traditional insurtech firms, Corgi operates as a licensed carrier, writing its own policies and managing risk through proprietary AI underwriting. This replaces manual audits with real-time risk modeling, reducing complex business insurance quoting from days to under five minutes. The company already offers modular policies for tech startups, including Cyber Liability, Directors and Officers, and AI Liability coverage. The funding marks a strategic expansion into the trucking and logistics sector, where Corgi plans to apply its AI models for data-driven premiums tailored to fleet operators. CEO Nico Laqua emphasized the company’s mission to support businesses with insurance that aligns with modern operational speeds, not bureaucratic delays. Corgi’s growth coincides with demand for AI-specific insurance, as it recently launched coverage for financial and legal damages from AI malfunctions or biased algorithms. The company reports $40 million in annual recurring revenue since gaining full approval in mid-2025 and will use the funding to triple its engineering team, expand U.S. distribution, and further develop its AI-driven claims and policy administration systems.
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