Key US FinTech investment stats in Q1 2026:
- US FinTech deal activity grew 33% YoY
- Deals under $100m surged 29% as investors diversified interest over a wider range of companies
- Corgi, an AI-native full-stack insurance carrier built specifically for startups, raised $108m in funding, making it the one of the biggest US FinTech deals of the first quarter
US FinTech deal activity increased by a third YoY
US FinTech companies raised $11.1bn across 466 deals in Q1 2026, a 16% increase in funding and a 33% rise in deal count compared to the $9.6bn and 350 transactions recorded in Q1 2025.
Both measures moved in the same direction, a relatively uncommon combination that points to genuine broadening of activity rather than a small number of large deals flattering the headline figure.
The average deal size in Q1 2026 came in at $23.8m, down 13% from $27.4m in Q1 2025 and below the $32m average seen across 2025, consistent with a market in which capital is being distributed across a greater number of opportunities.
Against 2025’s total of $52.1bn across 1,627 deals, Q1 2026 accounts for 21% of last year’s funding and 29% of its deal volume.
Deals under $100m surged 29% as investors diversified interest over a wider range of companies
The deal size breakdown in Q1 2026 shows growth on both sides of the $100m threshold.
Deals under $100m raised $6bn, up 29% from $4.7bn in Q1 2025, and accounted for 54% share of total quarterly funding.
Larger transactions contributed $5.1bn, a 4% increase on the $4.9bn recorded in Q1 2025, though their share of total funding slipped from 51% to 46%.
Across 2025, deals of $100m or more dominated, generating $32.4bn and representing 62% of annual funding.
The narrowing of that gap in Q1 2026 is notable.
It suggests that while big-ticket transactions remain a significant force, the quarter’s growth was driven to a greater degree by smaller deals filling in across a wider range of companies and stages.
Whether that shift reflects a structural change in investor behaviour or simply the timing of large rounds remains to be seen.
Corgi, an AI-native full-stack insurance carrier built specifically for startups, raised $108m in funding, making it the one of the biggest US FinTech deals of the first quarter
The round drew backing from Y Combinator, Kindred Ventures, Contrary, Glade Brook Capital Partners, Seven Stars, Leblon Capital, Fellows Fund, Alumni Ventures, Quadri Ventures and others, encompassing both a Series A and a prior seed round.
The company recently received regulatory approval to launch as a full-stack carrier, enabling it to design and manage insurance end to end across underwriting, claims and policy operations.
Its product suite covers directors’ and officers’ liability, errors and omissions, cyber, commercial general liability, fiduciary liability and AI liability, among others, tailored to the needs of venture-backed and high-growth businesses.
Since receiving full regulatory approval in July 2025, Corgi has surpassed $40m in annual recurring revenue, reflecting strong demand for insurance products built around speed and flexibility.
Proceeds will be used to scale its startup insurance line, expand coverage and further develop the AI systems underpinning its operations.
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