SingularCover shuts down

Spanish small business insurance startup SingularCover has shut down, based on information obtained by Coverager.

Founded in 2018, SingularCover raised over $7 million and one notable backer is Liberty Mutual Strategic Ventures. The startup was looking to secure another round of funding but failed to do so. As a result, it shut down in August.

At one point, the startup employed around 50 people.