Profitable Serbian

Ominimo, a Serbian-Hungarian InsurTech startup, has completed a Series B funding round with the venture capital arm of the European Bank for Reconstruction and Development (EBRD), at a €1.4 billion ($1.6 billion) valuation.

The profitable company plans to use the capital to accelerate its next phase of growth rather than fund day-to-day operations. It intends to secure its own insurance licence, enter new European markets, prepare for the company’s launch in the United States, develop new insurance products, invest further in technology and AI, and recruit more top-tier data scientists, software developers, and other key employees.

In 2025, the company closed its Series A at a €200 million valuation just 12 months after going live, with Zurich Insurance joining the company as both a strategic distribution partner and minority shareholder.

Founded in 2024 by Dusan Komar, Dennis Weinbender, and Laslo Horvath, Ominimo develops and distributes motor insurance products using highly segmented, data-driven pricing and proprietary insurance technology.

According to the company, it combines insurance expertise, data science and software development to improve pricing accuracy, automate insurance operations and deliver a simpler customer experience. It currently works with established insurance, distribution and claims partners while also progressing toward obtaining its own insurance licence.

Ominimo reported that its annualised gross written premium run-rate has increased rapidly, from approximately €26.3 million ($30 million) in 2024 to €157.8 million ($180 million) in 2025, and currently stands at approximately €306.8 million ($350 million).

It has about 130 employees and currently employs eight Mathematics Olympiad medallists and one Physics Olympiad medallist. It also noted that around two-thirds of its team work in data science or software development. The company aims to increase its headcount to approximately 150 by year-end.

The company launched in Hungary in 2024 and later expanded into Poland, the Netherlands, and Sweden. It is now preparing to enter several more insurance markets: Belgium, Romania, Spain, Italy, France, and the United States. It is gearing up to begin operations in the United States in 2027.