The enterprise insurance sector has witnessed the rapid emergence of a new unicorn as Corgi officially hit a $1.3 billion valuation. The company successfully closed a $160 million Series B funding round led by TCV, a major financial milestone that comes just four months after the firm secured $108 million in Series A funding. Having raised a total of $268 million to date, the startup has established itself as one of the most significant success stories to emerge from the Y Combinator accelerator program.

Founded in 2024 by Nico Laqua and Emily Yuan, Corgi has distinguished itself by focusing on the complex risk profiles inherent in the technology sector. The firm provides a comprehensive suite of coverage options, such as cyber and general liability, specifically designed to protect businesses operating within the AI and broader tech ecosystems. The company’s rapid ascent is underscored by an impressive client list that already includes prominent industry players such as Deel and Artisan.

Bolstered by additional investment from firms including Kindred Ventures, Leblon Capital, and First Order Fund, Corgi is now prepared to enter a phase of aggressive expansion. According to company leadership, the newly secured capital will be utilized to scale operational capacity and diversify the firm’s insurance product offerings. For Laqua and Yuan, this valuation marks a critical step in their overarching mission to modernize and redefine the global insurance industry.