US-based Corgi Insurance coverage has raised $108m in funding and obtained regulatory approval to function what it calls the primary AI-native, full-stack insurance coverage provider targeted on start-ups.
Backers embrace Opposite, Glade Brook Capital Companions, Kindred Ventures, Leblon Capital, Oliver Jung, Seven Stars, and Y Combinator.
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Extra participation got here from Andrej Henkler and Fadwa Ouardani, alongside Alumni Ventures, Fellows Fund, Phosphor Capital, Quadri Ventures, SV Angel and Vocal Ventures, amongst others.
The corporate mentioned the funds can be used to broaden its insurance coverage providing for start-ups, together with broader protection choices and wider distribution.
Corgi co-founder and CEO Nico Laqua mentioned: “Founders shouldn’t have to decide on between pace, protection high quality and worth.
“We constructed Corgi to ship all three in a single place, so start-ups can get lined rapidly and give attention to constructing. This capital helps us broaden protection and maintain enhancing the product.”
The corporate may also put money into additional creating the AI techniques that assist underwriting, claims processing and coverage administration.
As a full-stack provider, the corporate oversees the design and administration of insurance coverage merchandise internally.
This construction permits insurance policies to be adjusted as start-up shoppers evolve, somewhat than counting on externally managed or broker-led processes.
Following regulatory approval, Corgi is now licensed as an insurance coverage provider and offers underwriting, claims dealing with and coverage administration by AI-driven platforms.
The corporate mentioned its know-how is meant to allow prompt quotations, pricing and protection that adjustments as companies scale, contrasting with extra guide approaches utilized by established insurers.
Corgi’s start-up insurance coverage portfolio is geared toward venture-backed and “fast-moving” corporations.
Protection consists of AI legal responsibility, administrators and officers legal responsibility, errors and omissions legal responsibility, business normal legal responsibility, cyber insurance coverage, fiduciary legal responsibility, and employed and non-owned auto.
The corporate reported annual recurring income of greater than $40m since receiving full regulatory approval in July 2025, citing demand for faster and extra adaptable insurance coverage merchandise throughout a variety of industries.
