US-based Corgi Insurance has raised $108m in funding and obtained regulatory approval to operate what it calls the first AI-native, full-stack insurance carrier focused on start-ups.
Backers include Contrary, Glade Brook Capital Partners, Kindred Ventures, Leblon Capital, Oliver Jung, Seven Stars, and Y Combinator.
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Additional participation came from Andrej Henkler and Fadwa Ouardani, alongside Alumni Ventures, Fellows Fund, Phosphor Capital, Quadri Ventures, SV Angel and Vocal Ventures, among others.
The company said the funds will be used to expand its insurance offering for start-ups, including broader coverage options and wider distribution.
Corgi co-founder and CEO Nico Laqua said: “Founders shouldn’t have to choose between speed, coverage quality and price.
“We built Corgi to deliver all three in one place, so start-ups can get covered quickly and focus on building. This capital helps us expand coverage and keep improving the product.”
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By GlobalDataThe company will also invest in further developing the AI systems that support underwriting, claims processing and policy administration.
As a full-stack carrier, the company oversees the design and management of insurance products internally.
This structure allows policies to be adjusted as start-up clients evolve, rather than relying on externally managed or broker-led processes.
Following regulatory approval, Corgi is now licensed as an insurance carrier and provides underwriting, claims handling and policy management through AI-driven platforms.
The company said its technology is intended to enable instant quotations, pricing and coverage that changes as businesses scale, contrasting with more manual approaches used by established insurers.
Corgi’s start-up insurance portfolio is aimed at venture-backed and “fast-moving” companies.
Coverage includes AI liability, directors and officers liability, errors and omissions liability, commercial general liability, cyber insurance, fiduciary liability, and hired and non-owned auto.
The company reported annual recurring revenue of more than $40m since receiving full regulatory approval in July 2025, citing demand for quicker and more adaptable insurance products across a range of industries.
