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SingularCover develops customized insurance solutions for small and medium-sized enterprises (SMEs) and self-employed individuals. The company utilizes a digital-first approach to simplify business insurance acquisition, offering personalized policies with relevant coverage through an efficient online platform. They provide essential business protection, precisely adapting to each client’s specific needs.
Founded in 2018 by Miguel Vicente, Rafael Gonzalez-Montejano, and Christian Schmidt, SingularCover emerged from the insight that traditional insurance largely neglected the distinct needs of SMEs and self-employed professionals. This spurred them to create a platform delivering transparent, flexible, and accessible insurance products tailored for this underserved segment.
SingularCover primarily serves a broad spectrum of SMEs and autonomous workers across diverse industries. The company’s mission is to empower these entrepreneurs by providing appropriate and straightforward insurance protection, enabling focus on core operations. They envision a future where securing comprehensive business insurance is a seamless, client-centric experience.
SingularCover has raised $8.0M across 3 funding rounds.
SingularCover has raised $8.0M in total across 3 funding rounds.
SingularCover has raised $8.0M in total across 3 funding rounds.
SingularCover's investors include Mathieu Guerville, Christopher Priebe.
SingularCover is a Barcelona-based technology company founded in 2018 that provides tailored, online small business insurance solutions.[1][2] It targets underserved sectors like construction, hospitality, healthcare, and personal services, offering 100% digital processes, segment-optimized policies, monthly payment options instead of annual ones, and self-service customer experiences to address complexity in traditional insurance distribution and low customer satisfaction.[1][2]
The platform serves small businesses seeking simple, affordable, and customized coverage, solving pain points such as outdated service models and rigid payment structures through tech-driven convenience and personalization.[2]
SingularCover emerged in 2018 in Barcelona, Spain, to redesign small business insurance via technology, focusing on an underserved market plagued by distribution complexities for insurers and poor adaptation to modern consumption patterns.[1][2] The founding team includes CEO Rafael Gonzalez, an entrepreneurial executive with over 20 years in insurance and financial services; COO Christian Hoffmann, a data-driven operator emphasizing structured processes and controls; and CTO Bruno Fratini, a software expert with 20 years of experience prioritizing technology, details, and team leadership.[2] Early emphasis was on building a fully online model, with team reviews noting a positive environment as of 2019.[2]
SingularCover stands out in the insurtech space through these key features:
SingularCover rides the insurtech wave, leveraging digital transformation to disrupt a fragmented small business insurance market long dominated by inefficient, analog providers.[2] Its 2018 launch timed perfectly with rising demand for online financial services post-global shifts toward remote operations, amplified by e-commerce growth in sectors like hospitality and personal services.[1] Favorable market forces include regulatory openness to fintech in Europe, underserved SMB segments (often ignored by big insurers), and AI/data tools enabling personalization—positioning SingularCover to expand ecosystem influence by setting benchmarks for convenient, tech-native insurance that could inspire similar models across EU markets.[1][2]
SingularCover is poised for scaled growth by deepening sector penetration and potentially integrating AI for predictive risk assessment or partnerships with SMB platforms. Trends like embedded insurance and real-time pricing will shape its path, evolving its role from niche player to broader insurtech leader amid Europe's SMB digitalization push. This ties back to its core mission: simplifying insurance to empower small businesses in a tech-forward world.[2]
SingularCover has raised $8.0M across 3 funding rounds. Most recently, it raised $5.0M Series A in June 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2020 | $5.0M Series A | Mathieu Guerville | |
| Jun 1, 2019 | $2.0M Seed | Mathieu Guerville | |
| Feb 1, 2019 | $1.0M Seed | Christopher Priebe, Mathieu Guerville |