Ominimo becomes Serbia's first tech unicorn at $1.6B, two years after launch
What's the deal? Serbian-Hungarian InsurTech OminimoDealroom has a profile for this one. Try Dealroom → has raised a €20.1 million ($23 million) Series B led by the venture capital arm of the European Bank for Reconstruction and DevelopmentDealroom has a profile for this one. Try Dealroom →. The round values the Novi Sad-headquartered company at €1.48 billion ($1.6 billion) — making it Serbia's first tech unicorn , just two years after launch.
The step-up: The valuation marks a sharp climb from Ominimo's Series A, closed in 2025 at €200 million. That round came only 12 months after the company went live, with Zurich InsuranceDealroom has a profile for this one. Try Dealroom → joining as a strategic distribution partner and minority shareholder.
What does it do? Founded in 2024 by Dusan KomarDealroom has a profile for this one. Try Dealroom →, Dennis WeinbenderDealroom has a profile for this one. Try Dealroom →, and Laslo HorvathDealroom has a profile for this one. Try Dealroom → — former McKinseyDealroom has a profile for this one. Try Dealroom → consultants — Ominimo develops and distributes motor insurance using data-driven pricing and proprietary technology. It combines insurance expertise, data science, and software development to sharpen pricing and automate operations.
The numbers: The profitable company's annualised gross written premium run-rate has climbed from roughly €26.3 million in 2024 to €157.8 million in 2025, and now stands at about €306.8 million. It employs around 130 people, two-thirds of them in data science or software development, and aims to reach 150 by year-end.
Where next? Ominimo launched in Hungary in 2024, then expanded into Poland, the Netherlands, and Sweden. It is now preparing to enter Belgium, Romania, Spain, Italy, France, and the United States, with US operations set to begin in 2027.
What's the money for? Rather than funding operations, the capital will accelerate growth. Ominimo plans to secure its own insurance licence, enter new markets, develop products, and invest further in technology and AI.
The signal: Ominimo's rapid ascent — from launch to Serbia's first unicorn in two years, while profitable — shows how a technically dense, data-first approach can compress the usual InsurTech growth timeline. As CEO Dusan Komar put it, the milestone matters "for the entire Serbian startup ecosystem" — a country's first unicorn changes how international funds look at it.
Read more: EU-Startups · The Recursive
Image credit: Generated with Gemini
