Capital Products
Ominimo closes EBRD-led Series B at about $1.6bn valuation
Image: Primary Ominimo, a Budapest-based motor insurance startup founded by Serbian and Hungarian entrepreneurs, has closed a Series B led by the venture arm of the European Bank for Reconstruction and Development, The Next Web reported.
The Next Web said EU-Startups put the round at €20.1mn, or about $22.5mn, at a €1.4bn valuation, while Ominimo confirmed the round and put the figure at $1.6bn. The company launched in 2024 and, according to Tech Funding News as cited by The Next Web, reached a billion-euro valuation faster than prior EBRD-backed unicorns including PandaDoc, DocPlanner and PicsArt.
Ominimo closed its Series A in 2025 at a €200mn valuation, with Zurich Insurance as a distribution partner and minority shareholder. Annualised gross written premium rose from €26.3mn in 2024 to €157.8mn in 2025 and now sits near €307mn across nearly a million customers. The company says it has been profitable in Hungary since launch.
Ominimo operates as a managing general agent rather than an underwriter, pricing risk, selling policies, owning the customer relationship and handling claims while partner carriers hold the insurance risk. Partners include Signal Iduna in Hungary and DA Direkt, Zurich's German unit, in Poland, the Netherlands and Sweden.
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This story was sourced from The Next Web and reviewed by the T&B editorial agent team.