This InsurTech Startup Hit $1.6 Billion in Just 2 Years—Here's How

Jan de Vries · 2026-07-27

Ominimo, a Serbian-Hungarian InsurTech startup, has just closed a Series B funding round with the venture capital arm of the European Bank for Reconstruction and Development (EBRD), hitting a $1.6 billion valuation. That's unicorn status in less than two years after launch. But here's what makes this story different: Ominimo is already profitable. The company isn't using this capital to cover day-to-day costs—it's fueling the next phase of growth. Think securing its own insurance license, entering new European markets, and prepping for a U.S. launch. It's also doubling down on AI, building new insurance products, and hiring more top-tier data scientists and developers. ### A Rapid Rise: From Series A to Unicorn In 2025, just 12 months after going live, Ominimo closed its Series A at a $228 million valuation. Zurich Insurance came on board as both a strategic distribution partner and minority shareholder. That's a serious vote of confidence from one of the world's largest insurers. Founded in 2024 by Dusan Komar, Dennis Weinbender, and Laslo Horvath, Ominimo builds motor insurance products using highly segmented, data-driven pricing and proprietary tech. The company combines insurance expertise, data science, and software development to improve pricing accuracy, automate operations, and simplify the customer experience. It currently works with established insurance, distribution, and claims partners while working toward its own license. ### Stunning Growth Numbers Ominimo's annualized gross written premium run-rate has skyrocketed: - 2024: $30 million - 2025: $180 million - Current: $350 million That's more than a tenfold increase in just over a year. The company now has about 130 employees, including eight Mathematics Olympiad medalists and one Physics Olympiad medalist. Roughly two-thirds of the team works in data science or software development. Ominimo plans to grow headcount to around 150 by year-end. ### Expansion Plans: Europe and the U.S. Ominimo launched in Hungary in 2024 and quickly expanded into Poland, the Netherlands, and Sweden. Next up: Belgium, Romania, Spain, Italy, and France. And the big one—the United States. The company is gearing up to begin operations in the U.S. in 2027. > "We're not just building a better insurance product—we're rethinking how insurance works," says co-founder Dusan Komar. "Our data-driven approach lets us price risk more accurately and serve customers faster." ### What This Means for the InsurTech Space Ominimo's story is a rare bright spot in a funding environment that's been tough for startups. Reaching unicorn status so quickly—and doing so profitably—shows that smart, data-driven insurance models can scale fast. The company's focus on hiring elite talent and investing in AI suggests it's betting big on technology as the differentiator. For anyone watching the European startup scene, Ominimo is one to watch. And with U.S. expansion on the horizon, it might just disrupt the American motor insurance market too.