--- title: Ominimo hits €1.4bn valuation two years after launch description: Ominimo, a Budapest-based motor insurance startup founded in 2024, has reached unicorn status with a €1.4bn valuation after closing a €20.1mn Series B led by... canonical: https://daily.dev/posts/ominimo-hits-1-4bn-valuation-two-years-after-launch-nkyedaoaa twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Ominimo hits €1.4bn valuation two years after launch | daily.dev og:description: Ominimo, a Budapest-based motor insurance startup founded in 2024, has reached unicorn status with a €1.4bn valuation after closing a €20.1mn Series B led by... og:url: https://daily.dev/posts/ominimo-hits-1-4bn-valuation-two-years-after-launch-nkyedaoaa og:image: https://api.daily.dev/og/posts/NkYEDAoAa.png og:image:alt: Ominimo hits €1.4bn valuation two years after launch og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Ominimo hits €1.4bn valuation two years after launch **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 0 upvotes · 0 comments ## Summary Ominimo, a Budapest-based motor insurance startup founded in 2024, has reached unicorn status with a €1.4bn valuation after closing a €20.1mn Series B led by the EBRD's venture arm. The company operates as a managing general agent — pricing risk and handling claims without underwriting — and has grown annualised gross written premiums from €26.3mn to nearly €307mn in two years across close to a million customers. Notably profitable since launch, Ominimo plans to use part of the new funding to obtain its own insurance licence, which would shift it from a capital-light intermediary to a full insurer. Geographic expansion into Belgium, Romania, Spain, Italy, France, and eventually the US is planned, alongside new insurance lines beyond motor cover. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Indian Uber rival Rapido raises $240M at $3B valuation](https://daily.dev/posts/indian-uber-rival-rapido-raises-240m-at-3b-valuation-i1ackethb) · TechCrunch · 1 upvotes · 0 comments - [FintechOS raises $28M in equity and debt after turning profitable](https://daily.dev/posts/fintechos-raises-28m-in-equity-and-debt-after-turning-profitable-dkgh2o1pt) · The Next Web · 0 upvotes · 0 comments - [Insurtech Outmarket raises $34.5M just months after prior round](https://daily.dev/posts/insurtech-outmarket-raises-34-5m-just-months-after-prior-round-3xco8tgv4) · TechCrunch · 0 upvotes · 0 comments - [Digital insurer Acko moves closer to India IPO](https://daily.dev/posts/digital-insurer-acko-moves-closer-to-india-ipo-l7r1idicp) · The Next Web · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#data-science](https://daily.dev/tags/data-science), [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/ominimo-hits-1-4bn-valuation-two-years-after-launch-nkyedaoaa) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Ominimo hits €1.4bn valuation two years after launch","url":"https://daily.dev/posts/ominimo-hits-1-4bn-valuation-two-years-after-launch-nkyedaoaa","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/ominimo-hits-1-4bn-valuation-two-years-after-launch-nkyedaoaa"},"datePublished":"2026-07-27T12:54:47.622Z","dateModified":"2026-07-27T12:55:07.671Z","description":"Ominimo, a Budapest-based motor insurance startup founded in 2024, has reached unicorn status with a €1.4bn valuation after closing a €20.1mn Series B led by...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/1f74faf64b2b8c9b8b0f6077b951b4b3?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/1f74faf64b2b8c9b8b0f6077b951b4b3?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/ominimo-hits-1-4bn-valuation-two-years-after-launch-nkyedaoaa","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"startup,data-science,fintech","timeRequired":"PT5M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Ominimo hits €1.4bn valuation two years after launch"}]} ```