🦄 Corgi raises $160 million

Business insurance startup Corgi has raised $160 million in Series B funding at a $1.3 billion valuation. The round was led by TCV, with participation from both existing and new investors including Oliver Jung, Leblon Capital, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar, Seven Stars Ventures, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd, Alumni Ventures, Global Growth Fund, and other strategic investors.

This financing builds on Corgi’s previously announced $108 million across its seed and Series A rounds, backed by investors including Y Combinator, Kindred Ventures, Contrary, and more.

The new capital will support the continued expansion of Corgi’s startup insurance products, including broader coverage, deeper distribution, and ongoing investment in the AI systems that power underwriting, claims, and policy operations. The company is also moving into new verticals, beginning with trucking.

“Insurance is one of the largest industries in the world, but it’s still built on infrastructure from centuries ago. We started with property management and are expanding into trucking insurance, payroll, and small business, automating some of the hardest workflows in the real economy.” – Emily Yuan, co-founder and COO of Corgi.

“Where other companies might take the boring but safe path, Corgi will always dream bigger, accomplish more, and take more swings for the fences. We will for sure always be the most passionate, genuine, curious, and ambitious of any company.” – Nico Laqua, co-founder and CEO of Corgi .