About Corgi
Corgi sells business insurance to startups and other technology companies. Founders apply online, get a quote in minutes and can buy a policy the same day. Corgi handles underwriting, policy design, servicing and claims itself, so customers never deal with a broker. It offers directors and officers (D&O), cyber, tech errors and omissions (E&O), general liability and AI liability insurance.
Its customers include Deel and Artisan, and founders of startups such as Bland and AthenaHQ are quoted on its website. In 2026 Corgi added insurance for trucking, sports, liquor and data centers, set up its own licensed insurance company and opened a claims unit. It also runs Corgi Invest, which offers ETFs, and Corgi Cafe, which is open 24 hours a day. The company is based in San Francisco and is led by its co-founders, CEO Nico Laqua and COO Emily Yuan.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 19, 2026 | Oct 30, 2026 | $29,999,558of $29.9M target | 11 | $2.7M | EquityRule 506(b) | Form D ↗ |
| Aug 21, 2026 | Sep 4, 2026 | $16,199,417of $19.9M target | 13 | $1.2M | Equity, OptionsRule 506(b) | Form D ↗ |
| Jul 9, 2026 | Aug 24, 2026 | $40,678,902fully sold | 11 | $3.6M | Equity, OptionsRule 506(b) | Form D ↗ |
| Apr 6, 2026 | Jun 4, 2026 | $266,091,580fully sold | 43 | $6.1M | Equity, OptionsRule 506(b) | Form D ↗ |
| May 14, 2025 | Apr 3, 2026 | $108,557,712fully sold | 90 | $1.2M | Equity, OptionsRule 506(b) | Form D ↗ |
| Total, five offerings | $461,527,169 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by Corgi
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| May 6, 2026 | Series B | $160M | TCV (lead), Oliver Jung, Leblon Capital, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar, Seven Stars Ventures, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd, Alumni Ventures, Global Growth Fund; extended on 2026-05-28 by $106M from TCV (Series B1, also with Prime Capital and 8188 Capital) | corgi.insure ↗ Press release ↗ TechCrunch ↗ Press release (extension) ↗ corgi.insure (extension) ↗ |
| Jan 8, 2026 | Seed and Series A | $108M | Y Combinator, Kindred Ventures, Contrary, Oliver Jung, Glade Brook Capital Partners, Seven Stars, Leblon Capital, Fellows Fund, Alumni Ventures, Quadri Ventures, Vocal Ventures, Phosphor Capital, SV Angel | Press release ↗ Access Fund ↗ Axios ↗ |
Why Investors Backed Corgi
Investors backed Corgi because it builds startup insurance end to end instead of reselling other insurers' policies. Running underwriting and claims itself lets it quote in minutes and offer new cover, such as AI liability. Corgi's annual recurring revenue passed $40 million after regulators approved it in July 2025. TCV then led a $160 million Series B in May 2026 and added $106 million three weeks later.
The problem it targets
Startups often need insurance fast, for example to close a round or sign an enterprise contract. Access Fund, one of Corgi's investors, says brokers and carriers built their products for Fortune 500 companies that renew once a year. Corgi's site adds that traditional underwriting often takes several weeks. Older policies also leave gaps around new risks such as AI mistakes. "Many legacy policies either exclude these risks or handle them ambiguously," Laqua told TechCrunch in May 2026.
What the product does
Founders fill in one online application, get a quote in minutes and can bind cover the same day. Packages grow by stage, from D&O, cyber and tech E&O at seed to fiduciary cover later. An AI liability add-on covers claims from AI mistakes such as hallucinations. Corgi's underwriting tools read data such as SOC 2 reports and cloud setup details, Insurance Business reports. Technology Risk Retention Group writes most policies, and Corgi added its own admitted carrier in August 2026.
Progress so far
Corgi's annual recurring revenue passed $40 million by January 2026, after its July 2025 approval. More than 1,000 founders asked for quotes in its first 24 hours, according to Access Fund. In May, Corgi had been profitable the month before. Kindred Ventures' Kanyi Maqubela told TechCrunch that revenue growth justified the new round. In July, unnamed sources told Forbes the run rate was on track to reach $450 million by year-end. Customers include Deel and Artisan, TechCrunch reports. A June 2026 deal also gives Silicon Valley Bank clients access to Corgi's products.
Who backs it
TCV led both the $160 million Series B and the $106 million Series B1. Its partner Alexander Wortmann and investor Oliver Jung are directors at Corgi. Earlier, Y Combinator, Kindred Ventures, Contrary, SV Angel and Oliver Jung joined the $108 million seed and Series A. Other backers include Leblon Capital, Alumni Ventures, OurCrowd and Prime Capital. Kindred's Kanyi Maqubela said Corgi brings "rare tenacity and technical focus" to insurance. Access Fund called it "a classic vertical integration play."
How the market is moving
Deloitte projects that insurance for AI will become a nearly $5 billion global business by 2032, Marketplace reported in July 2026. Big insurers, however, are stepping back. In April 2026, The Information reported that Berkshire Hathaway and Chubb won approval to drop AI coverage. Gallagher's John Farley told Marketplace the market is moving "from silence on AI to scrutiny of AI." Meanwhile, Forbes reported a $4 billion valuation for Corgi in July, citing sources, and $5 billion in September. Corgi has not announced either round.
We wrote this summary from public statements by Corgi and its investors. It is not investment advice.
Corgi in the News
- Selling AI insurance was hard enough. Then they got into the cafe business
- Corgi girls, ugly lawsuits, and doggy drama: Inside a wild $5 billion startup
- Corgi Is Worth $5 Billion, Nearly Quadruple Its Value Five Months Ago
- Corgi built its name insuring AI startups. Its new carrier targets dry cleaners, salons and more
- The VC-backed fintech using AI to challenge BlackRock and start a new fee war in ETFs
- Insurance startup Corgi reportedly raised more money at $4B — its third round in 8 weeks
- Vouch says Corgi co-founder probed its platform first, two years before the trade secret suit
- Insurtech sues rival, alleges exec created sham firm to steal secrets
Leadership Team
Executive officers and directors listed on Corgi's Form D filed Oct 30, 2026.
Sources
- SECCORGI INSURANCE SERVICES, INC. filing history
- Companycorgi.insure, about page
- Companycorgi.insure, terms of service (PDF)
- Companycorgi.insure, Featuring Corgi (press list)
- CompanyPress release, Silicon Valley Bank partnership, PR Newswire (2026-06-17)
- CompanyCorgi releases on PR Newswire (admitted carrier, Corgi Claims, Corgi Re, new lines, hires)
- YCY Combinator company page, Corgi Insurance (Summer 2024)
- PressTechCrunch, Series B1 and investor comments (2026-05-28)
- PressThe Insurer, Vouch denies Corgi's claims (2026-04-23; headline and snippet)
- PressMarketplace, AI insurance market (2026-07-28)
- PressThe Information, Berkshire Hathaway and Chubb AI exclusions (2026-04; headline only)