Insurtech startup Corgi secured a $106 million Series B1 round at a valuation of $2.6 billion.
TCV led the investment round 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.
Corgi said the financing will support continued expansion of its full-stack insurance platform and launch into new lines of commercial insurance.
This follows only three weeks after Corgi’s Series B announcement on May 6, in which the company disclosed $160 million in funding at a $1.3 billion valuation. Combined with the company’s previously announced $108 million Series A, this brings Corgi’s total funding amount to $378 million to accelerate the modernization of commercial insurance infrastructure.
Corgi is a full-stack insurance platform focused on rebuilding insurance and financial infrastructure. The company provides full-stack underwriting, claims handling, and embedded insurance solutions designed to make commercial coverage faster, more flexible, and operationally efficient.