Insurance startup Corgi has reportedly closed yet another funding round, pushing its valuation to $4 billion — its third capital raise in just eight weeks. The latest round is described as a second extension of its Series B (often called “B2”), following a $106 million B1 at a $2.6 billion valuation announced in late May.
Corgi’s rapid sequence of raises stands out even in today’s AI-driven funding boom. In January 2026, the Y Combinator alum raised a $108 million Series A (PitchBook estimates a $630 million post-money). In early May, it secured $160 million in Series B at a $1.3 billion valuation. Just three weeks later, it added $106 million in a B1 extension at $2.6 billion. Now, roughly eight weeks after the B1, sources tell Forbes the B2 has closed at about $4 billion, though the exact amount raised was not disclosed and Corgi declined to comment.
Backed by TCV and Kindred Ventures, Corgi has been scaling its AI-native, full-stack insurance platform for startups, with revenue projected to jump from a $45 million run rate to $450 million by year-end.
FAQs [Frequently Asked Questions]
Q1: What is Corgi’s latest valuation?
A: Corgi’s latest reported valuation is $4 billion after closing a second extension of its Series B round, according to sources.
Q2: How many rounds has Corgi raised in two months?
A: Corgi has completed three funding events since early May: a $160M Series B, a $106M B1 extension, and now a B2 extension, taking valuation from $1.3B to $4B.
Q3: Who backs Corgi and what does it sell?
A: Corgi is backed by TCV and Kindred Ventures and offers an AI-native, full-stack insurance platform built for startups, including tech, cyber, and general liability coverage.