Source: CNBC
Summary
Corgi, a startup, has raised $160 million in a Series B funding round led by TCV, valuing the company at $1.3 billion. According to reports, the funding will be used to expand Corgi’s operations and invest in new technologies.
Our Reading
The launch follows a familiar script.
Corgi’s $160 million Series B is just another example of a startup getting a big valuation. TCV led the round, because who doesn’t love a good growth story? The $1.3 billion valuation is impressive, but not entirely unexpected. After all, we’ve seen this script play out before. Corgi is just the latest to benefit from investors’ love of shiny new things.
Author: Evan Null
