Corgi, the YC‑backed business‑insurance startup, closed a $160 million Series B on Wednesday. Led by growth investor TCV, the round lifts the company’s valuation to $1.3 billion, making it the latest unicorn from Y Combinator’s Spring 2024 batch. Co‑founder Nico Laqua announced the deal on LinkedIn, noting total capital raised now stands at $268 million.

The fresh funding follows a $108 million Series A just four months earlier, underscoring rapid demand for niche coverage. Corgi’s platform bundles general liability, cyber liability and emerging tech‑AI policies, targeting fast‑growing firms such as Deel and Artisan. Existing backers Kindred Ventures, Leblon Capital and First Order Fund also participated in the Series B.

Raising $268 million in under a year positions Corgi to expand its underwriting technology and pursue larger enterprise contracts. Investors appear confident that specialized liability products can capture market share from traditional insurers, especially as AI‑driven risks rise. The valuation places Corgi ahead of many legacy players still grappling with digital transformation.

While Corgi declined comment, the swift escalation from Series A to unicorn status signals strong investor appetite for tech‑focused insurance solutions. Market participants will watch how the firm leverages its capital to scale distribution and refine policy language, a move that could reshape pricing dynamics for small and midsize businesses seeking agile coverage.