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 service targeted on start-ups.
Backers embrace Opposite, Glade Brook Capital Companions, Kindred Ventures, Leblon Capital, Oliver Jung, Seven Stars, and Y Combinator.
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 develop its insurance coverage providing for start-ups, together with broader protection choices and wider distribution.
Corgi co-founder and CEO Nico Laqua mentioned: “Founders should not 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 coated shortly and give attention to constructing. This capital helps us develop protection and maintain enhancing the product.”
The corporate can even spend money on additional growing the AI methods that assist underwriting, claims processing and coverage administration.
As a full-stack service, 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, relatively than counting on externally managed or broker-led processes.
Following regulatory approval, Corgi is now licensed as an insurance coverage service and gives underwriting, claims dealing with and coverage administration by AI-driven platforms.
The corporate mentioned its know-how is meant to allow instantaneous quotations, pricing and protection that modifications 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, industrial 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.
“Corgi Insurance coverage secures $108m to launch insurance coverage service for start-ups” was initially created and revealed by Life Insurance coverage Worldwide, a GlobalData owned model.
The knowledge on this web site has been included in good religion for normal informational functions solely. It isn’t meant to quantity to recommendation on which it’s best to rely, and we give no illustration, guarantee or assure, whether or not categorical or implied as to its accuracy or completeness. It’s essential to receive skilled or specialist recommendation earlier than taking, or refraining from, any motion on the premise of the content material on our web site.