A coral-like network carbon aerogel was synthesized by introducing acid-modified carbon nanofibers (a-CNF) into phenolic (PR) aerogel through chemical grafting, followed by high-temperature carbonization. The bonding interaction between a-CNF and PR was analyzed by FT-IR spectroscopy. The microstructure of a-CNF/PR composite aerogel (a-CNF/PRA) was studied by SEM and pore structure analysis. The results showed that introducing 5 wt% of a-CNF was most favorable for forming a porous network of a-CNF/PRA. SEM photographs and pore structure analysis indicated that a-CNF/C composite aerogel (a-CNF/CA) developed a stable porous skeletal structure during carbonization. TEM images revealed that the complete porous skeleton consisted of a-CNF encapsulated by carbon layers. The carbonization shrinkage of a-CNF/CA was only 26.53% due to the presence of a-CNF as the skeleton support. Compared to carbon aerogel, a-CNF/CA exhibited lower density (0.072 g·cm-3), thermal conductivity (0.0452 W·m-1·K-1), and higher compressive strength (up to 3.26 MPa) up to 3.26 MPa than that of carbon aerogel (1.21 MPa). These findings confirmed the excellent mechanical and thermal insulation properties of a-CNF/CA.