Insurance tech startup Corgi hits $2.6B valuation after raising $106M

Corgi, an insurance technology company, has closed a $106 million Series B1 funding round, valuing it at $2.6 billion. The raise comes just three weeks after the company announced a $160 million Series B, meaning its valuation has tripled in less than a month.

Insurance technology startup Corgi has announced a $106 million Series B1 funding round, pushing its valuation to $2.6 billion — a figure that is three times higher than where the company stood just three weeks ago.

The announcement follows closely on the heels of Corgi's $160 million Series B round, which was revealed only weeks prior. The back-to-back raises signal unusually strong investor appetite for the company in a funding environment that has otherwise remained cautious for many tech firms.

The rapid valuation jump — from roughly $870 million to $2.6 billion in the span of three weeks — is rare even by the standards of high-growth insurtech companies. It suggests that new investors came in at a significantly higher price than those who participated in the Series B, reflecting competitive demand for a stake in the startup.

Corgi operates in the insurance technology sector, a space that has attracted substantial venture capital interest as traditional insurers look to modernize their platforms and digital-first competitors aim to capture market share. The company has not yet disclosed the specific investors involved in the B1 round or detailed how the fresh capital will be deployed.