Corgi reaches $1.3 billion valuation in rapid Series B round led by TCV
Founded in 2024, the startup secured $160 million in new capital just four months after its Series A, bringing total funding to $268 million.
Insurance startup Corgi has announced a $160 million Series B funding round led by TCV, valuing the company at $1.3 billion. The valuation was confirmed by co-founder Nico Laqua on LinkedIn, marking a significant acceleration in the firm's growth trajectory.
This latest investment comes just four months after Corgi secured a $108 million Series A, a pace that has propelled the firm to become Y Combinator's latest unicorn. Since its inception, the company has raised a total of $268 million in capital, reflecting strong investor confidence in its business model.
Corgi specialises in providing coverage for general liability, cyber liability, and tech and AI liability, addressing specific risk profiles emerging in the technology sector. The firm was founded in 2024 by Nico Laqua and Emily Yuan as part of the Y Combinator Spring 2024 batch.
Existing customers for the insurer include Deel and Artisan, highlighting the company's early traction within the tech ecosystem. Beyond the lead investment from TCV, other participants in the Series B round include Kindred Ventures, Leblon Capital, and First Order Fund.
While the financial terms of the deal, such as liquidation preferences or anti-dilution provisions, have not been disclosed, the speed of the valuation increase suggests a robust market demand for specialised insurance products in the artificial intelligence space. Corgi did not immediately respond to requests for further comment regarding future performance metrics or specific growth drivers behind the valuation jump.
