Business insurance startup Corgi announced on Wednesday that it raised $160 million in an investment round led by TCV. As a result of this funding, the company's total valuation reached $1.3 billion. This was announced by one of the startup's co-founders, Nico Laqua, on his LinkedIn page. This is according to reported by.
This milestone comes just four months after the company closed its $108 million Series A round. Thus, Corgi has raised a total of $268 million to date and has become the latest "unicorn" company from the Y Combinator accelerator.
Founded in 2024 by Nico Laqua and Emily Yuan, the startup was a participant in Y Combinator's Spring 2024 batch. Corgi's clients include major companies such as Deel and Artisan. The startup provides general liability, cybersecurity, and technology and AI-related insurance services.
Investors such as Kindred Ventures, Leblon Capital, and First Order Fund also participated in this investment round. So far, Corgi has not responded to a request for additional comment regarding this financial news.
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