Corgi, an AI-focused insurance platform, announced a $106 million Series B1 funding round valued at $2.6 billion on May 28, 2026 [1, 2]. This new round came just three weeks after a $160 million Series B at a $1.3 billion valuation and follows a $108 million Series A four months earlier [1].
The company specializes in insurance coverage for startups in technology, cyber, and general liability areas. It targets emerging risks tied to artificial intelligence, including financial losses, misinformation, operational failures, and compliance issues. CEO Nico Laqua said, "Corgi covers anything from when an AI system causes financial loss, misinformation, operational failures, or compliance issues. Many legacy policies either exclude these risks or handle them ambiguously" [1].
Laqua also stated that Corgi became profitable in April 2026, marking a key milestone before this latest funding round [2]. The new capital will support expansion into additional sectors, including freight, small businesses, and the sports industry, according to Laqua [2].
There is some discrepancy over the lead investor of the $106 million round. One source named TCV as the lead investor [2], while another listed Kindred Ventures as among the participating investors [1].
Market watchers have expressed scrutiny regarding the rapid valuation jump within just three weeks, creating concern among limited partners about internal markups without actual liquidity events. Investor Kanyi Macqubela noted, "LPs really like exits above all. They discount the value of markups since those aren’t always reflective of reality" [1].
Corgi’s timeline of funding rounds in 2026 includes a $108 million Series A in January, a $160 million Series B in early May, and the $106 million Series B1 in late May [1, 2]. The company’s next steps involve deploying the new funds to broaden coverage into new markets.
