Corgi announces $106M raise at $2.6B valuation — double what it was worth three weeks ago

Corgi, an insurance tech startup founded in 2024, raised a $106 million Series B1 at a $2.6 billion valuation.

The new round came just weeks after a $160 million Series B at a $1.3 billion valuation, both led by the same investor group.

The company says the capital will fund new insurance products, AI underwriting, embedded distribution partnerships, and hiring.

The back-to-back valuation jump is drawing scrutiny over rapid private-market repricing and internal markups without a liquidity event.