Corgi Raises $160 Million Series B at $1.3 Billion Valuation, Becomes Y Combinator's Latest Unicorn

Corgi, an AI-native insurance startup targeting technology companies, has raised $160 million in a Series B funding round that values the company at $1.3 billion. The round was announced on May 6, 2026, and comes just four months after the company closed a $108 million Series A.

The Details

The Series B was led by TCV, according to TechCrunch. Additional investors included Kindred Ventures, Leblon Capital, First Order Fund, Repeat VC, Alpha Square Group, and GSBackers. Corgi has now raised $268 million in total funding since its founding.

Corgi operates as a full-stack insurance carrier built specifically for startups. The company offers coverage for general liability, cyber liability, and technology and AI liability. Named customers include Deel and Artisan, TechCrunch reported.

The company was founded in 2024 by Nico Laqua and Emily Yuan and participated in Y Combinator's Spring 2024 batch. Corgi received regulatory approval in July 2025 and subsequently launched its platform.

Corgi's rapid ascent makes it Y Combinator's latest unicorn, achieving billion-dollar status within approximately two years of joining the accelerator. The company plans to expand into new verticals beginning with trucking insurance, according to Morningstar/Dow Jones Newswires.

Context

Traditional insurance is fragmented across third-party administrators, managing general agents, reinsurers, and carriers, resulting in slow processes and disconnected systems, according to the company's press release. Corgi differentiates itself by operating as a licensed carrier that designs and manages insurance end-to-end using modern infrastructure and artificial intelligence.

The financing highlights continued investor appetite for AI-native approaches to legacy industries. Corgi's full-stack model allows it to control underwriting, claims, and customer experience rather than relying on traditional insurance infrastructure.

Yuan, the company's co-founder and chief operating officer, said Corgi is building infrastructure that automates some of the hardest workflows in what she described as the real economy.

What's Next

Corgi plans to use the Series B capital to continue expanding its full-stack insurance platform into new verticals. The company has identified trucking insurance, payroll, and small business as target expansion areas, according to PR Newswire.

Laqua, Corgi's co-founder and chief executive officer, said the company aims to take more ambitious bets rather than follow conventional paths. The company did not disclose a timeline for its expansion beyond its stated focus on trucking as the first new vertical.