Business insurance startup Corgi has achieved a valuation of $1.3 billion following a successful funding round, securing $160 million in Series B financing led by TCV. The company’s total funding now stands at $268 million, as reported by co-founder Nico Laqua on LinkedIn. This announcement comes just four months after Corgi raised $108 million in its Series A round.
Corgi, founded in 2024 by Laqua and Emily Yuan, is recognized as the latest unicorn from Y Combinator, having participated in its Spring 2024 batch. The company provides coverage for general liability, cyber liability, and tech and AI liability, with clients including Deel and Artisan. Additional investors in this recent funding round include Kindred Ventures, Leblon Capital, and First Order Fund.
Laqua expressed gratitude to investors for their support while emphasizing the company's ambition to expand its insurance offerings and build a lasting enterprise. “We’re excited about the raise and incredibly grateful to our investors for believing in what we’re building. But the job is not done,” he stated in a TechCrunch interview.