Corgi Raises $160 Million for AI-Native Insurance Platform Expansion
Corgi closed a $160 million Series B funding round led by TCV, valuing the company at $1.3 billion. The startup plans to use the capital to expand its AI-native insurance platform beyond its current focus on property management into new verticals, starting with trucking insurance.
The round included participation from 20 investors, including returning backers Kindred Ventures and new investors Leblon Capital and Repeat VC. Combined with previous seed and Series A funding, Corgi has now raised more than $268 million.
What Corgi Does
Founded by Emily Yuan and Nico Laqua, Corgi operates as a licensed insurance carrier managing underwriting, claims, policy administration, and coverage operations in-house. The company received regulatory approval in July 2025.
The platform automates core insurance workflows using AI systems. Corgi handles quoting, risk modeling, and claims processing for startups in property management and plans to extend these capabilities to trucking, payroll, and small business insurance.
The Expansion Strategy
Corgi's stated goal is to modernize insurance infrastructure that has remained fragmented across third-party administrators, managing general agents, reinsurers, and traditional carriers for centuries.
The company said the new capital will fund broader distribution, additional product development, and continued investment in AI systems supporting underwriting and policy management workflows.
Yuan, the company's co-founder and COO, said: "Insurance is one of the largest industries in the world, but it's still built on infrastructure from centuries ago. We started with property management and are expanding into trucking insurance, payroll, and small business, automating some of the hardest workflows in the real economy."
Why This Matters for Insurance Professionals
Corgi's approach represents a shift in how insurance carriers handle core operations. Rather than relying on external vendors for underwriting and claims processing, the company builds these functions directly into its platform using AI for Insurance.
The expansion into trucking insurance signals a move toward vertical-specific products. Corgi says its platform can adapt to industry-specific risk factors and operational conditions, offering faster quotes and coverage structures tailored to real-world business needs.
For insurance professionals, AI Agents & Automation in claims and underwriting workflows is no longer theoretical. Corgi's regulatory approval and operational status show these systems are moving into production at scale.
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