# Ominimo hits about $1.6 billion valuation in ongoing Series B as Serbia's first unicorn

_Monday, July 27, 2026 at 3:53 AM EDT · Capital, AI · Latest · Tier 2 — Notable_

![Ominimo hits about $1.6 billion valuation in ongoing Series B as Serbia's first unicorn — Primary](https://storage.ghost.io/c/b8/ae/b8aee878-7ddc-40ad-8f68-92a28c560560/content/images/2026/07/ominimo_team.png)

Serbian InsurTech startup Ominimo has secured the first part of an ongoing Series B round backed by the investment arm of the European Bank for Reconstruction and Development, valuing the Novi Sad-headquartered company at about €1.48 billion ($1.60 billion), The Recursive reported.

The deal makes Ominimo Serbia's first tech unicorn, according to The Recursive. The company is not disclosing the Series B amount yet because additional investors are still expected to join. EU-Startups reported the round at a €1.4 billion ($1.6 billion) valuation and said Ominimo plans to use the capital to pursue an insurance licence, enter new European markets, prepare a U.S. launch, build products, invest in technology and AI, and hire engineers and data scientists.

Founded in 2024 by Dušan Komar, Laslo Horvath, and Dennis Weinbender, Ominimo focuses on algorithm-driven motor insurance underwriting. The Recursive said the company moved from a Series A valuation of about €212.75 million ($230 million) in May 2025, led by Zurich Insurance Group, to the current $1.6 billion figure over roughly 15 months. EU-Startups said the Series A closed in 2025 at a €200 million valuation about 12 months after launch, with Zurich joining as a strategic distribution partner and minority shareholder.

The Recursive reported that Ominimo took about 7% market share in Hungary and sold more than 300,000 policies in its first 12 months there, and that in June 2026 it set a company record by selling more than $1 million of policies in 24 hours, mostly from expansion markets in the Netherlands and Poland. Based on that week's performance, annualized gross written premium exceeded $300 million, the outlet said, with a combined ratio between 92% and 100%.

With EBRD backing, Ominimo plans to expand into six additional EU markets and enter the United States within the next 12 months, The Recursive reported.

## Sources

- [The Recursive](https://www.therecursive.com/1st-serbian-unicorn-ominimo-1-6b-valuation-ebrd-series-b/)
- [EU-Startups](https://www.eu-startups.com/2026/07/profitable-serbian-hungarian-insurtech-ominimo-hits-unicorn-status-two-years-after-launch/)

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