Serbian-Hungarian insurtech company Ominimo has reached a reported valuation of €1.4 billion to €1.48 billion following a new Series B financing round backed by the European Bank for Reconstruction and Development (EBRD), becoming the first Serbia-headquartered and domestically developed technology company to surpass the conventional unicorn threshold.
The company announced on 27 July 2026 that the financing represents the first stage of an ongoing Series B round. Reports value the investment at between €20.1 million and $22.5 million, with some estimates placing the total amount at approximately $23 million and the resulting valuation near $1.6 billion. The EBRD’s venture-capital arm is the main new investor in the round.
Founded in 2024 by chief executive Dušan Komar, Dennis Weinbender and chief technology officer Laslo Horvath, Ominimo develops software and mathematical models for motor-insurance pricing, customer selection and policy distribution. The company uses large datasets to improve risk assessment compared with traditional insurance underwriting approaches. Although Ominimo has operational links to both Serbia and Hungary, its main technology organisation is located in Novi Sad, supporting its positioning as Serbia’s first domestically based unicorn rather than a foreign technology company founded by Serbian entrepreneurs.
Valuation rises sharply from Series A round
The latest financing represents a major increase compared with Ominimo’s previous funding round. In May 2025, Zurich Insurance Group invested in the company during its Series A round at an estimated valuation of €200 million to €213 million. The Series B valuation is therefore almost seven times higher than the previous level established approximately 15 months earlier.
The reported valuation reflects investor expectations regarding Ominimo’s potential to develop into an international insurance technology platform. The fresh capital amount is relatively small compared with the valuation. If the reported €20.1 million represents primary capital at a post-money valuation of €1.4 billion, the investment would account for approximately 1.4% of the company, although the final ownership impact depends on additional investors and any secondary share transactions.
The transaction represents a private funding-round valuation rather than a listed market capitalisation or realised company sale value. Ominimo has stated that it is already profitable, although it has not published audited revenue, net income, cash flow or insurance-performance data.
Insurance platform records rapid premium growth
The company’s valuation follows significant expansion in insurance activity supported through its platform. Ominimo reports that annualised gross written premiums increased from approximately €26 million in 2024 to €158 million in 2025, reaching around €307 million currently. The figures represent almost twelvefold growth compared with 2024 and approximately 94% growth from 2025. The platform initially launched in Hungary before expanding into Poland, the Netherlands and Sweden. Gross written premium represents the total value of insurance premiums written through or supported by the platform and does not directly equal company revenue.
The amount ultimately recognised by Ominimo depends on its commercial agreements with insurance carriers and distributors, including commissions, technology fees, underwriting income or profit-sharing arrangements. Key indicators for assessing the company’s financial performance include net revenue, customer acquisition costs, policy retention, claims ratios, operating expenses and the portion of underwriting results retained by Ominimo.
Zurich partnership supports insurance expansion
Zurich Insurance Group’s involvement provides both financial support and insurance-sector cooperation. The Swiss insurer became a minority shareholder and strategic partner during the Series A investment round, giving Ominimo access to an established insurance group’s expertise and balance sheet. The partnership model allows Ominimo to focus on software development, pricing systems, marketing and customer experience, while regulated insurance partners provide parts of the capital, compliance and claims infrastructure required for policy issuance.
Ominimo’s planned move toward obtaining its own insurance licence represents an effort to increase control over product development and retain a larger share of insurance economics. Operating as a licensed insurer would allow the company to retain underwriting profits rather than relying primarily on commissions or technology fees.
Own insurance licence would increase regulatory requirements
A portion of the Series B funding will support Ominimo’s application for an insurance licence, alongside investment in artificial intelligence, product development and additional market expansion. Obtaining a licence would also introduce new obligations, including solvency capital requirements, technical reserves, reinsurance arrangements, claims management systems and regulatory reporting. Rapid premium growth can require additional capital because regulatory requirements and reserves increase as the insurance portfolio expands.
The company’s underwriting technology will also need to demonstrate performance across a complete claims cycle. Insurance models must account for factors including claims development, repair-cost inflation, fraud trends, bodily-injury claims and regulatory requirements affecting pricing. Artificial intelligence can improve risk assessment and automation, but it does not remove the underlying financial risks associated with insurance operations. Ominimo’s valuation depends on the assumption that its algorithms can continue identifying risk more effectively than traditional systems as the company enters markets with different driving patterns, data availability and insurance regulations.
European expansion becomes next growth challenge
Ominimo plans to expand into Belgium, Romania, Spain, Italy and France, followed by a possible entry into the United States in 2027. The company also intends to recruit additional employees and develop insurance products beyond its initial motor-insurance focus. The targeted markets present different operational requirements.
France, Italy and Spain are large insurance markets with established insurers, comparison platforms and distribution networks. Romania offers growth opportunities but has a competitive compulsory motor-insurance market. The United States would introduce additional complexity due to state-level insurance regulation, approval procedures and pricing requirements. International expansion will require more than software deployment. Ominimo will need local insurance data, regulated partners, distribution channels, claims-management providers and customer-support structures.
The company’s ability to convert premium growth into operating profitability will depend on the cost of building these market infrastructures. The current financing appears designed to support product development and expansion into several European countries, particularly while Ominimo continues working with partner insurers. A broader multi-country licensed insurance operation could require additional equity, reinsurance capacity or strategic financing.
Novi Sad technology hub supports growth strategy
Ominimo currently employs approximately 130 people and plans to increase its workforce to around 150 employees by the end of 2026. Approximately two-thirds of employees work in software development and data science. The company has highlighted a technical team that includes eight Mathematics Olympiad medallists and one Physics Olympiad medallist, reflecting the quantitative focus of its insurance technology platform.
At its current premium run-rate, Ominimo supports approximately €2.4 million of gross written premium per employee, although this does not represent company revenue or profitability. For Serbia, the company represents a model of retaining high-value technology operations domestically while attracting international investment. Its main technology organisation remains in Novi Sad, where engineers and data specialists develop products for international insurance markets.
The company’s growth also highlights the role of foreign capital in Serbia’s start-up ecosystem. More than 70% of Serbian start-ups seek external funding, while access to capital remains one of the sector’s main constraints. Investors including Zurich Insurance Group and the EBRD demonstrate the importance of international institutions when technology companies move beyond early-stage financing.
The unicorn designation refers specifically to Ominimo’s status as a Serbia-rooted and domestically headquartered technology company reaching a valuation above $1 billion while maintaining a significant local operating presence. The company’s future performance will depend on audited financial results, insurance licence approval, claims performance and the economics of international expansion. Its current valuation places Ominimo among Europe’s most highly valued young insurance technology companies.
