Corgi Doubles Valuation to $4 Billion in Series B Extension

San Francisco-based Corgi, founded in 2024 by Nico Laqua and Emily Yuan, is building what it calls AI-native financial infrastructure and a full-stack insurance platform for startups. Its products span quoting, underwriting, claims management and embedded insurance, aiming to make commercial coverage faster and more flexible. The company’s rapid ascent matters because it has become a high-profile test of investor appetite for AI-driven InsurTech and whether steep private-market valuations can be justified by operating growth.

A July 24 report said Corgi had closed a second extension to its Series B at a $4 billion valuation, with the amount raised and participating investors undisclosed. The company announced a $160 million TCV-led Series B at a $1.3 billion valuation on May 7, then raised another $106 million on May 28 at a $2.6 billion valuation. The latest deal marks its third fundraise in less than three months. Corgi projects its annualized revenue run rate will increase tenfold, from $45 million to $450 million, by year-end.