Corgi Raises $108 Million to Launch AI-Driven Insurance Carrier for Startups
San Francisco, Thursday, 8 January 2026.
Securing $108 million, Corgi becomes the first full-stack AI carrier dedicated to startups, remarkably surpassing $40 million in annual recurring revenue within months of regulatory approval.
Capital Injection and Operational Independence
Today, January 8, 2026, Corgi confirmed the infusion of $108 million in fresh funding to solidify its position in the insurtech market [1]. This capital, which comprises a recent Series A and a prior seed round, is earmarked to scale the company’s operations as the first AI-native, full-stack insurance carrier specifically built for the startup ecosystem [1]. The funding will drive the expansion of coverage options and distribution channels while simultaneously financing the enhancement of the firm’s underlying artificial intelligence systems [1]. By securing this capital, Corgi aims to address the unique velocity and risk profiles of high-growth technology companies.
Defining the Full-Stack Advantage
The distinction of operating as a “full-stack” carrier is pivotal for Corgi’s business model. Unlike Managing General Agents (MGAs) that typically rely on third-party balance sheets and underwriting guidelines, Corgi operates as a licensed carrier, having received full regulatory approval in July 2025 [1]. This status allows the firm to leverage artificial intelligence to control end-to-end operations, from underwriting to claims and policy management [1]. The company’s product suite is tailored to the complex liabilities faced by modern startups, offering Directors & Officers (D&O) liability, Errors & Omissions (E&O), Commercial General Liability (CGL), and notably, specific AI liability coverage [1].
Financial Momentum and Strategic Focus
The transition to a fully licensed carrier has been accompanied by rapid financial traction. Since receiving regulatory approval in July 2025, Corgi reports that its Annual Recurring Revenue (ARR) has already surpassed $40 million [1]. This trajectory suggests a strong market fit for insurance products that can keep pace with the speed of the startup sector. Nico Laqua, co-founder and CEO, emphasized that the platform was engineered to allow startups to “get covered quickly and focus on building,” noting that the new capital will help expand these offerings further [1]. Kanyi Maqubela, General Partner at Kindred Ventures, added that Corgi is applying technical focus to “one of the hardest challenges in financial services” by transforming how insurance is delivered to technology companies [1].
Beyond Insurance: A Dual-Track Financial Infrastructure
While today’s announcement centers on insurance, Corgi is simultaneously broadening its scope as an AI financial infrastructure company [2]. Just last week, on December 29, 2025, the firm expanded into asset management by listing the Corgi Founder-Led ETF (Nasdaq: FDRS) [2]. This exchange-traded fund is designed to provide investors with exposure to a portfolio of publicly traded companies led by their founders, a segment Corgi believes possesses a “distinct focus and long-term orientation” [2]. The firm celebrated this milestone by ringing the Nasdaq Opening Bell on December 30, 2025 [2].
Consolidating Financial Services
The launch of FDRS, with Corgi Strategies, LLC acting as the adviser, demonstrates the company’s ambition to operate across multiple pillars of finance [2]. By diversifying into asset management while scaling its insurance carrier business, Corgi is positioning itself as a comprehensive financial platform. The concurrent scaling of its insurance line—bolstered by the $108 million raise—and the public listing of its ETF suggest a strategy focused on capturing value across the entire lifecycle of a company, from early-stage liability coverage to public market investment [1][2].