Corgi Insurance Raises $160M to Scale AI-Native Platform for Startups
Corgi Insurance, an AI-native insurance carrier built for startups, closed a $160 million Series B funding round at a $1.3 billion valuation. The company plans to expand its product range, deepen distribution, and invest further in the AI systems underlying underwriting and claims processing.
Founded in 2024 and a Y Combinator graduate, Corgi operates as a full-stack carrier rather than stitching together work across brokers, third-party administrators, and reinsurers. The company received regulatory approval as a licensed carrier in July 2025.
How the Platform Works
Corgi's AI systems handle underwriting, policy management, and claims in-house. The platform analyzes thousands of data points about a company, its industry, and risk profile to generate quotes in under 10 minutes-compared to two to four weeks at traditional carriers.
Policies typically bind the same day. Customers can adjust or upgrade coverage from a dashboard when they raise funding, hire their first non-founder employee, or sign larger contracts.
Current and Planned Products
Standard startup coverages include directors and officers liability, errors and omissions liability, cyber, commercial general liability, hired and non-owned auto, and fiduciary liability.
Corgi recently added an AI liability product that pairs with existing technology errors and omissions policies. The coverage addresses losses tied to biased algorithms, harmful or inaccurate generated content, misuse of training data, adversarial attacks on models, synthetic media, and autonomous system failures.
The company started in property management insurance. Trucking insurance is the first expansion outside that initial market, with payroll and small business coverage flagged as future areas.
The Funding Round
TCV led the Series B. Other participants included Leblon Capital GmbH, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures Ltd., First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar Capital LP, Seven Stars Ventures, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd Management Ltd., Alumni Ventures, and Global Growth Fund.
The new funding brings Corgi's total raised to more than $268 million.
Emily Yuan, co-founder and Chief Operating Officer, said the company is automating workflows across the insurance industry. "Insurance is one of the largest industries in the world, but it's still built on infrastructure from centuries ago," she said. "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."
For insurance professionals, Corgi's approach demonstrates how AI agents and automation can compress timelines and reduce manual handoffs in traditionally slow processes. The model eliminates intermediaries by consolidating functions-underwriting, claims, and policy administration-under one AI-driven system.
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