Corgi banked €147.5M ($160M) Series B funding led by TCV to scale its business insurance platform. The round includes participation from Kindred Ventures, Leblon Capital, and First Order Fund. This latest capital injection values the London-based company at €1.2B ($1.3B), reaching unicorn status just four months after its Series A raise.
The company provides specialised insurance coverage for modern enterprises, including general liability, cyber liability, and specific tech and AI liability products. Its current client roster includes high-growth firms such as Deel and Artisan. The founders intend to use the funds to expand into additional insurance lines as they build a broader underwriting portfolio.
Founded in 2024 by Nico Laqua and Emily Yuan, Corgi is an alumnus of the Y Combinator Spring 2024 batch. The startup has raised a total of €247M ($268M) to date. The speed of this follow-on round highlights the intense investor appetite for vertical fintech solutions that address the specific risk profiles of artificial intelligence and software companies.
The rapid ascent of Corgi underscores a trend in the UK tech ecosystem where speciality insurtechs are successfully capturing market share from traditional carriers by automating risk assessment for digital-native businesses.
Originally reported by TechCrunch.