Ominimo

Insurtech · Fintech · Insurance

Funding

Ominimo raises $22.5M Series B, becomes Serbia's first unicorn at $1.6B

The insurer carries none of the underwriting risk itself, letting premium growth outpace the capital it must raise to scale.

• Ominimo closed a $22.5 million (€20.1M) Series B led by the venture arm of the European Bank for Reconstruction and Development, valuing the company at $1.6 billion (€1.4B) and making it Serbia's first unicorn.
• Founded in 2024 by former McKinsey consultants Dusan Komar, Dennis Weinbender and Laslo Horvath, the Budapest-based startup operates as a managing general agent, pricing and selling motor insurance while partner carriers Signal Iduna and DA Direkt bear the underwriting risk.
• Annualised gross written premium run-rate climbed from €26.3 million in 2024 to about €307 million now, roughly 12x growth, across nearly one million customers in Hungary, Poland, the Netherlands and Sweden.
• Ominimo's Series A closed in mid-2025 at roughly a $230 million valuation with Zurich Insurance joining as a distribution partner and minority shareholder, meaning the Series B marks roughly a sevenfold repricing in about a year.
• Proceeds are earmarked to pursue its own insurance license, expand AI-driven pricing, and grow into Belgium and Romania before Spain, Italy and France, with a targeted U.S. launch by 2027.
• EBRD's venture arm typically deploys €2-30 million in early and growth-stage Central and Eastern European companies, and Ominimo reached unicorn status faster than its prior portfolio unicorns PandaDoc, DocPlanner and PicsArt.
• As Serbia's first unicorn, Ominimo's rise signals to international investors that profitable, capital-light startups can scale out of Central and Eastern Europe, potentially drawing more funding to the region.