A development bank just built a €1.4bn insurer in two years
A development bank has just minted a unicorn, and it took two years.
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 round is €20.1mn, or about $22.5mn, at a €1.4bn valuation, EU-Startups reported.
Ominimo confirmed the round itself, putting the figure at $1.6bn and calling EBRD “an exceptionally founder-friendly and pragmatic investor”.
The company launched in 2024. It reached a billion-euro valuation faster than any of the EBRD’s previous unicorns, which include PandaDoc, DocPlanner and PicsArt, Tech Funding News reported. Those took years.
The number that moved
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