Insurtech Ominimo Raises $23 Million Series B, Valued at $1.6 Billion, Becomes Unicorn

Serbia-Hungary-based insurtech Ominimo has completed a 20.1 million euro ($23 million) Series B round, with investment from the European Bank for Reconstruction and Development's venture capital arm. The round values the company at 1.4 billion euros ($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 daily operations.

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

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

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