Service

Service, a travel savings startup, shut down on March 20, 2020, citing the severe economic downturn and COVID-19 pandemic that devastated the travel industry. The company, which had raised $5.1 million since its 2015 launch, never achieved profitability despite recovering over $4 million for customers. Its closure followed the collapse of both a critical fundraising round and a potential acquisition, directly linked to the travel sector's tailspin. While the exact number of employees affected isn't specified, the entire team was impacted as the company wound down operations, highlighting the vulnerability of travel-focused startups during the crisis.

Service, a seed-funded travel startup, laid off 100% of its workforce in March 2020.