Service, a tool that helped you get compensation when there are flight delays and find lower hotel rates after you’ve already booked, today said it would shut down its service.

It cites the current economic downturn and COVID-19 as the reason for both of these events.

As the travel industry is currently in a tailspin, that source of revenue is quickly dwindling for this class of startups.

Investors include Founders Fund, which led its seed round, as well as Menlo Ventures, Maveron, Xfund, Flight Ventures and others.

While I regret not succeeding in building a sustainable long term business, I am proud that we tried, and that we made people’s lives a bit easier around customer service,” writes Schneider. | To read full story, visit https://startuparound.com/read/1584394207.7656832/Travel-savings-tool-Service-shuts-down,-citing-COVID-19-downturn-–-TechCrunch?ref=audio_experience