Corgi announced a $106 million Series B1 funding 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 financing values the company at $2.6 billion and will support the expansion of Corgi’s full-stack insurance platform and entry into additional commercial insurance categories.
The latest financing comes just three weeks after Corgi announced a $160 million Series B round on May 6 at a $1.3 billion valuation. Combined with the company’s previously announced $108 million Series A financing, Corgi has now raised a total of $378 million as it seeks to modernize commercial insurance infrastructure.
Based in San Francisco, Corgi focuses on rebuilding insurance and financial infrastructure through full-stack underwriting, claims handling, and embedded insurance solutions designed to improve operational efficiency and flexibility for commercial coverage.
According to the company, the new funding will help accelerate expansion into additional commercial insurance verticals including trucking, small business, and sports. Corgi also said it achieved profitability last month and is experiencing rapid revenue growth.
The company said it has focused on serving startups, founder-led businesses, and modern operators that have historically been underserved by legacy insurance providers. That approach has influenced the company’s product strategy, distribution model, and community initiatives as it scales.
KEY QUOTE:
“Commercial insurance infrastructure has historically been slow, manual, and difficult for operators to navigate.”
Nico Laqua, Founder and CEO, Corgi
