US-based Corgi Insurance raises $108m in funding to launch AI-native insurance carrier for start-ups, obtaining regulatory approval. Backers include Contrary, Glade Brook Capital Partners, Kindred Ventures, Leblon Capital, Oliver Jung, Seven Stars, and Y Combinator. Additional participation from various investors to expand coverage options and distribution.

Funds will be used to enhance insurance offerings for start-ups by expanding coverage and improving the product. Corgi co-founder and CEO Nico Laqua aims to provide speed, coverage quality, and price in one place. Company will invest in developing AI systems for underwriting, claims processing, and policy administration.

Corgi is now a licensed insurance carrier offering underwriting, claims handling, and policy management through AI-driven platforms. Full-stack carrier model allows for policy adjustments as start-up clients evolve. Start-up insurance portfolio includes AI liability, directors and officers liability, cyber insurance, and more for venture-backed companies.

Company reports annual recurring revenue of over $40m since receiving full regulatory approval in July 2025. Demand for adaptable insurance products drives growth in various industries. Corgi Insurance’s goal is to offer instant quotations, pricing, and coverage that adapts as businesses scale.

Read more at Yahoo Finance: Corgi Insurance secures $108m to launch insurance carrier for start-ups