AI Insurtech Ominimo Scores €10M from Zurich at Impressive $220M Valuation
Profitable AI insurtech Ominimo secures €10M from Zurich, hitting a $220M valuation in just 12 months.
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AI Insurtech Ominimo Scores €10M from Zurich at Impressive $220M Valuation
The insurtech world is buzzing, and for good reason. We've just seen Ominimo, a promising AI-driven insurance startup out of Poland, secure its very first external funding – a significant strategic investment from none other than Zurich Insurance Group. What's truly remarkable is that this comes just 12 months after launching on a bootstrapped budget, and the deal values the young company at a hefty €200 million (around $220 million). Image Credits:AerialPerspective Images/ Getty Images Zurich Backs Ominimo: A €10M Bet at $220M Valuation Sources close to the deal indicate Zurich Insurance Group is investing €10 million (approx. $11 million) for a 5% equity stake. While the exact figures weren't commented on by either party, both Ominimo and Zurich have confirmed the impressive €200 million valuation. This move is particularly noteworthy given the recent struggles of other high-profile European insurtechs like WeFox, highlighting both the challenges and immense opportunities …