Corgi Reaches $2.6B Valuation With $106M Series B1 Three Weeks After $160M Unicorn Round

Corgi, business insurance at the speed of compute, led by Nico Laqua, Emily Yuan, and the team, has raised a $106 million Series B1 round, led by TCV with participation from Prime Capital, Zone 2 Ventures, Oliver Jung, Leblon Capital, Kindred Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Nordstar, GSBackers, Repeat Ventures, 8188 Capital, and other strategic investors. 

The new funding round values Corgi at $2.6 billion and will support the expansion of its full-stack insurance platform as well as entry into additional commercial insurance lines.

This follows Corgi’s Series B, announced on May 6, which raised $160M at a $1.3B valuation.

Combined with its previously announced $108M Series A, the company has now raised a total of $378M to accelerate modernization of commercial insurance infrastructure, alongside rapid revenue growth across the fintech and insurance sectors.

Corgi CEO Nico Laqua said that commercial insurance infrastructure has historically been slow and manual, and noted that the company was profitable last month. He added that the latest funding will help Corgi expand into new verticals such as trucking, small business, and sports, with the company on track for rapid revenue growth.

Corgi has focused its platform on modern, underserved customers such as startups, founder-led businesses, and operators seeking faster, more transparent insurance services.

This customer focus has influenced its product design, distribution strategy, and ongoing investment in building a scaling community around its commercial insurance platform.