Business insurance startup Corgi has raised a further $160 million in Series B funding, valuing it at an impressive $1.3 billion.

This rapid rise comes four months after its Series A raise of $108 million and now gives the company a total of $268 million in venture capital. Corgi's co-founder Nico Laqua announced this news on LinkedIn, adding that his startup is now one of Y Combinator’s unicorns.

The firm, launched by Nico Laqua and Emily Yuan since 2024 after their successful stint at Y Combinator, offers coverage for general liability, cyber liability, and tech and AI liability. Notable investors in this round include Kindred Ventures, Leblon Capital, and First Order Fund.

With Deel and Artisan among its customers, Corgi is positioning itself as a leader in the rapidly growing insurance market, leveraging technology to simplify and enhance business insurance solutions.