Corgi Closes Series B Extension at $4 Billion, Nearly Doubling Valuation Since May
Updated
Updated · Forbes · Jul 22
Corgi Closes Series B Extension at $4 Billion, Nearly Doubling Valuation Since May
3 articles · Updated · Forbes · Jul 22
Summary
$4 billion is the valuation on Corgi’s latest Series B extension, its third fundraising in less than three months and nearly double its late-May worth.
The new round is closed, but the amount raised and participating investors were not disclosed; Corgi said any fundraising announcement would come directly from the company.
Corgi’s valuation has climbed from $1.3 billion in early May, when it raised $160 million, to $2.6 billion three weeks later after a $106 million extension.
The two-year-old startup, which uses AI to quote and manage insurance claims, is projecting revenue run rate growth to $450 million by year-end from $45 million.
Its rapid rise has also drawn scrutiny over a seven-day in-office culture and aggressive sales tactics, making Corgi a flashpoint in San Francisco’s AI boom.