Just weeks after Corgi, an AI insurance startup, announced a fundraise that vaulted the fledgling startup to unicorn status, the company has raised another round of $106 million that doubles its valuation to $2.6 billion, CEO Nico Laqua tells Forbes.

The new round, announced on Thursday, was only open to existing investors, and was led by the growth equity firm TCV, with participation from VC firms including Kindred Ventures and Prime Capital, according to Corgi, which says it is considering this new round a Series B1. It follows a $160 million Series B that closed in late April and valued the company at $1.3 billion. “We weren't planning on doing it,” says Laqua. “It wasn't something that we went out and solicited.”

Instead, existing backers reached out to Corgi seeking to invest more money, he insists. “We didn't want to take too much, but I think the company is clearly worth a lot more than it was even a couple weeks ago,” Laqua says. “It's important........

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