Omocom AB

Omocom AB is a Swedish company specializing in innovative insurance solutions tailored for rental services across various sectors, including vehicles and goods, promoting sustainable circular business models. Founded in 2017, Omocom AB operates from its headquarters in Stockholm, Sweden, offering insurance solutions specifically for rental platforms. The founders, Ola Lowden and Tobias Mård, aimed to address the growing need for efficient insurance in rental transactions. The company has engaged in 4 deals, with its most recent funding round occurring on January 25, 2022, when it raised EUR 4.

5 mn in a PRE-SERIES A funding round led by Lightbird Ventures and Mundi Ventures, raising a total of EUR 4. 5 mn to date. Omocom specializes in developing and distributing insurance products tailored specifically for rental platforms across various industries, including vehicles, accommodation, and goods in transit. The company's core offerings revolve around a unique API designed for seamless integration with rental services, enabling efficient insurance solutions for both short and long-term rentals, subscriptions, and leasing models.

Omocom's products are geared towards platforms that emphasize sustainability through circular business models, serving a diverse client base that operates in multiple European countries. The end users include both individual consumers and businesses that require scalable insurance options to protect their assets during rental transactions, thereby facilitating a sustainable approach to resource utilization across the continent. For the year 2023, Omocom reported a revenue of EUR 639,417. 4, with an EBITDA of EUR -1,481,428.

1, reflecting the financial dynamics as the company grows its operations and service offerings. Looking ahead, Omocom plans to enhance its product suite and expand its market reach. The company is developing new insurance products tailored to additional segments within the rental market, with specific launch timelines to be announced. Furthermore, Omocom aims to penetrate new geographic regions across Europe by the end of 2024, leveraging the funds raised in the January 2022 PRE-SERIES A funding round to support these initiatives and strengthen partnerships with existing and new platforms.