San Francisco-based insurance platform Corgi has raised $160 million in a Series B round led by TCV at a $1.3 billion valuation, making it Y Combinator’s latest unicorn. The latest raise takes the company’s total funding to more than $268 million.
The round closes four months after Corgi’s combined seed and Series A, doubling the $630 million valuation the company carried at the start of 2026. This is one of the fastest Series A-to-unicorn progressions in recent insurtech history, as per reports.
Alongside TCV, the round includes participation from OurCrowd, Alumni Ventures, Leblon Capital, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures, and several strategic investors.
Founded in 2024 by Emily Yuan and Nico Laqua, Corgi launched as a full-stack insurance carrier focused on startups. The US-based company received regulatory approval in July 2025 and has since expanded its insurance operations for high-growth businesses.
““Insurance is one of the largest industries in the world, but it’s still built on infrastructure from centuries ago. We started with property management and are expanding into trucking insurance, payroll, and small business, automating some of the hardest workflows in the real economy,” says Yuan.
Corgi handles underwriting, policy management, and claims through its own infrastructure rather than relying on third-party insurers. Its platform uses automated systems to speed up quoting, claims handling, and policy operations while offering coverage designed for startups that scale quickly.
Corgi competes with firms such as Next Insurance and Lemonade, both of which offer digital insurance products for businesses and consumers. Unlike those companies, Corgi focuses specifically on startups and operates as a licensed carrier managing insurance end-to-end. Its products are designed around startup growth patterns, offering flexible coverage and quicker policy adjustments.
“Where other companies might take the boring but safe path, Corgi will always dream bigger, accomplish more, and take more swings for the fences. We will for sure always be the most passionate, genuine, curious, and ambitious of any company,” says Laqua.
The new funding will support broader insurance coverage, expanded distribution, and further investment in the systems powering underwriting and claims. The company is also entering new sectors, starting with trucking, where it plans to introduce faster quoting and risk models tailored to operational data.
