Corgi, an insurance technology startup focused on serving high-growth companies, has raised $106 million in a Series B1 funding round at a $2.6 billion valuation.
The latest financing comes just three weeks after the company announced a $160 million Series B round at a $1.3 billion valuation, effectively doubling its valuation in less than a month. The company has now raised a total of $378 million since its founding.
Founded in 2024 by Emily Yuan and Nico Laqua, Corgi provides insurance products tailored to startups and emerging technology companies. Its customers include companies such as Deel and Artisan.
Building Insurance For Modern Business Risks
Corgi focuses on insurance coverage designed for fast-growing businesses operating in sectors where traditional insurance providers often struggle to keep pace.
The company offers protection across a range of categories including technology liability, cyber insurance, and general business risks. A major focus area is coverage for AI-related risks, which are becoming increasingly important as businesses integrate artificial intelligence into their operations.
According to the company, many legacy insurance policies either exclude AI-related incidents or address them only ambiguously, creating uncertainty for startups and technology-driven businesses.
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Expanding Beyond Core Insurance Products
The new capital will be used to broaden Corgi’s product portfolio, strengthen its AI-powered underwriting platform, expand embedded distribution partnerships, and continue growing its team.
The company says demand has accelerated significantly across both existing and newly launched insurance products, driving the need for additional capital.
As a regulated insurance provider, Corgi operates in a capital-intensive industry where growth requires substantial financial resources to support underwriting capacity and product expansion.
Growth Fuels Investor Confidence
The latest funding round attracted participation from existing investors including Kindred Ventures, Prime Capital, Leblon Capital, Alumni Ventures, and Y Combinator.
Investors cited the company’s rapid revenue growth and increasing market demand as key factors behind the new valuation.
The raise comes amid growing interest in specialised insurance products for startups, particularly as emerging technologies such as artificial intelligence create new categories of risk that traditional insurers have been slow to address.
About Corgi
Corgi is an insurance technology company providing business insurance solutions for startups and high-growth companies. Founded in 2024, the company offers coverage across areas including cyber security, technology liability, general business risks, and AI-related exposures, helping modern businesses manage emerging risks in an increasingly digital economy.
