Corgi secures $160M in Series B, hitting $1.3B valuation in record time

Corgi has raised $160 million in a Series B funding round, pushing its valuation to $1.3 billion. The company, which focuses on modernising insurance for underserved sectors, announced the investment just 16 weeks after securing $108 million in its Series A. Founders [Founder Name] and Emily set out to build a tech-driven insurer from the start. The latest funding round was led by TCV, a growth equity firm. This brings Corgi’s total funding to over $268 million in less than four months. The rapid back-to-back investments highlight strong investor confidence in the company’s approach.

With the new capital, Corgi plans to expand into trucking, payroll, and small business insurance. These markets have traditionally struggled with outdated underwriting and slow claims processes. The company will also channel funds into technology upgrades, operational improvements, and nationwide hiring. From its launch, Corgi has aimed to simplify insurance for industries often overlooked by traditional providers. The founders built the business around speed, transparency, and digital-first customer service. This latest funding will accelerate those efforts across more sectors.

The $160 million injection will help Corgi grow its team and refine its tech platform. Expansion into trucking, payroll, and small business coverage is already underway. The company’s quick succession of funding rounds signals a push to reshape insurance for underserved markets.