Ominimo Raises $23 million Series B, Reaches $1.6 billion Valuation to Become Unicorn

Serbian-Hungarian insurance technology company Ominimo has completed a €20.1 million ($23 million) Series B financing round, with investment from the venture capital arm of the European Bank for Reconstruction and Development. The round values the company at €1.4 billion ($1.6 billion), making it a unicorn. Ominimo is already profitable and plans to use the funds to accelerate its next phase of growth rather than for day-to-day operations.

Ominimo was founded in 2024 by Dusan Komar, Dennis Weinbender, and Laslo Horvath. The company develops and distributes motor insurance products, employing highly granular data-driven pricing and proprietary insurance technology. In 2025, just 12 months after launch, it completed a Series A round at a €200 million valuation, with Zurich Insurance joining as a strategic distribution partner and minority shareholder.

Ominimo reports that its annualized premium run rate has grown rapidly from approximately €26.3 million ($30 million) in 2024 to €157.8 million ($180 million) in 2025, and currently stands at about €306.8 million ($350 million). The company employs around 130 people, including eight mathematics Olympiad medalists and one physics Olympiad medalist, with roughly two-thirds of staff working in data science or software development. It plans to increase headcount to about 150 by the end of the year.

Ominimo launched in Hungary in 2024 and has since expanded to Poland, the Netherlands, and Sweden. It is preparing to enter Belgium, Romania, Spain, Italy, France, and the United States, with operations in the US planned to begin in 2027. The company also intends to obtain its own insurance license, develop new insurance products, and make further investments in technology and artificial intelligence.