Corgi Secures $160M to Revolutionize Insurance for Underserved Industries

Insurance startup Corgi has secured a fresh round of funding to expand its services. The company announced a $160 million Series B investment, pushing its valuation to $1.3 billion. This latest funding aims to modernise insurance for industries often overlooked by traditional providers. The Series B round was led by TCV, a prominent venture capital firm. It follows closely after Corgi’s $108 million Series A, which closed just 16 weeks earlier. Combined, the company has now raised over $268 million in total funding.

Corgi plans to use the new capital to scale its operations across the US. A significant portion will go toward technology upgrades, hiring, and expanding its infrastructure. The goal is to streamline insurance processes for sectors that struggle to find suitable coverage.

Beyond its current offerings, Corgi is targeting new markets. Trucking, payroll, and small business insurance are among the areas it aims to enter. The company wants to fill gaps left by traditional insurers, providing tailored solutions for underserved industries. With $160 million in fresh funding, Corgi is set to grow its presence nationwide. The investment will support its push into new markets while improving technology and hiring. The company’s rapid fundraising reflects strong confidence in its approach to modernising insurance.