The round is said to be a second extension of its Series B round and has already closed. Corgi announced its last round, the B1 round of $106 million at a $2.6 billion valuation at the end of May, about eight weeks ago. The Y Combinator alum (summer 2024) raised a $108 million Series A in January at an undisclosed valuation. (PitchBook estimates $630 million post-money.) Four months later, in early May, it raised its Series B: $160 million at a $1.3 billion valuation. Just three weeks later, it announced a B1 round from the same investors, saying they'd invested $106 million at a $2.6 billion valuation. Corgi is backed by TCV and Kindred Ventures. Kindred's Kanyi Maqubela cited the startup's momentum to TechCrunch as justification for the last valuation leap. The apparent justification for the new valuation is the startup's revenue trajectory. When Corgi announced its Series A seven months ago, the founders said their company had already hit $40 million in annualized revenue run...
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