Corgi, a business insurance startup, revealed on Wednesday a $160 million Series B funding round led by TCV, bringing its valuation to $1.3 billion, according to the startup’s co-founder Nico Laqua on LinkedIn.
This follows the company’s $108 million Series A announcement just four months prior. To date, the company has accumulated $268 million in funding, Laqua mentioned, marking its emergence as Y Combinator’s latest unicorn.
Founded by Laqua and Emily Yuan in 2024, and part of YC’s Spring 2024 batch, Corgi lists Deel and Artisan among its clients and provides coverage for general liability, cyber liability, and tech and AI liability. Other investors include Kindred Ventures, Leblon Capital, and First Order Fund.
“We’re thrilled about the raise and deeply appreciative of our investors’ support in our vision. Yet, our mission extends further,” Laqua stated to TechCrunch. “We aim to leverage the new capital to broaden our insurance offerings and establish a generational company.”