Tekedia Capital portfolio startup Corgi, an AI-native insurance company, has secured $160 million in a Series B funding round, pushing the company’s valuation to $1.3 billion. The round was led by TCV, with participation from a wide range of new and existing investors, bringing the company’s total funding to more than $268 million.
Investors participating in the round include 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, and 8188 Capital.
The fresh capital will support Corgi’s expansion beyond its startup-focused insurance offerings into additional sectors, including trucking, payroll, and small-business coverage. The company plans to continue scaling its core platform as demand for AI-driven insurance solutions grows.
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Corgi is also moving into new verticals, beginning with trucking, where it plans to bring faster quoting, more adaptive risk models, and coverage aligned with real-world operations.
“Insurance is one of the largest industries in the world, but it’s still built on infrastructure from centuries ago,” said Emily Yuan, co-founder and COO of Corgi. “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.”
Corgi’s long-term vision is to modernize one of the most complex sectors in financial services. Traditional insurance is fragmented across TPAs, MGAs, reinsurers, and carriers, resulting in slow processes, disconnected systems, and delayed decision-making. The company is rebuilding this stack from the ground up to enable faster decisions, streamlined operations, and real-time coverage.
“Where other companies might take the boring but safe path, Corgi will always dream bigger, accomplish more, and take more swings for the fences,” said Nico Laqua, co-founder and CEO of Corgi. “We will for sure always be the most passionate, genuine, curious, and ambitious of any company.”
Corgi is an AI-native, full-stack insurance carrier built for startups. As a licensed carrier, Corgi designs and manages insurance end-to-end, using modern infrastructure and AI to power underwriting, policy management, and claims. The company delivers fast, flexible coverage tailored to how startups operate and scale.
Unlike traditional insurance providers that operate mainly as brokers, Corgi functions as an AI-native, full-stack insurance company. While brokers typically do not underwrite their own policies or directly pay claims, instead relying on third-party financial institutions, Corgi designs, sells, and manages its own insurance products internally.
This integrated model allows the company to handle claims directly, reducing delays often associated with traditional insurance processes. By combining proprietary insurance infrastructure with artificial intelligence, Corgi aims to deliver insurance services that are faster, more affordable, and more efficient for customers.
The startup has seen rapid revenue growth across its existing product lines, with annual recurring revenue (ARR) surpassing $40 million since full regulatory approval in July 2025. This reflects a growing demand for its insurance products that prioritize speed, flexibility, and modern operations across multiple industries.
The company’s long-term ambition extends beyond building a conventional insurance business; it seeks to reconstruct the trillion-dollar insurance industry from the ground up by creating modern financial infrastructure designed to serve future generations.