Corgi Closes Third Round in 8 Weeks, Doubling Valuation to $4 Billion
Updated
Updated · TechCrunch · Jul 23
Corgi Closes Third Round in 8 Weeks, Doubling Valuation to $4 Billion
3 articles · Updated · TechCrunch · Jul 23
Summary
$4 billion is the reported valuation in Corgi’s latest Series B extension, closed just eight weeks after its $106 million B1 round at $2.6 billion.
Forbes said the amount raised in the new B2 round was not disclosed, but sources tied the jump to revenue momentum, with annualized run rate reportedly heading toward $450 million by year-end from $40 million seven months ago.
Corgi’s rapid fundraising comes as its AI insurance business expands and still demands capital, especially where it uses risk retention groups that can leave members exposed if claims exhaust the pool.
The startup has also pushed beyond insurance into data room software and 24-hour coffee shops, with two locations open and five more planned, adding to its cash needs.