Company Overview
Snapshot
Founded in September 2019 by Elad Schaffer, Daniel Green, and Motti Bebchuk, Faye operates with 51–200 employees. The company has raised a total of $49 million across 3 funding rounds from 10 investors.
Business overview
Faye is an Insurtech company focused on modernizing travel insurance for American consumers. The company provides all-digital, consumer-centric travel insurance that leverages proprietary technology to offer immediate 24/7 support and rapid claims resolution. Its core product, Faye's whole-trip protection, is delivered through an app, enabling users to manage their trips and file claims seamlessly. Faye operates within the Fintech & Insurtech sector, serving travelers in North America.
Strategic signal
In May 2024, Faye was recognized as Israel's Most Promising Startup of 2024 by CTech, highlighting its significant growth and potential in the travel insurtech market. This recognition signals strong market validation and investor confidence in Faye's innovative approach to travel insurance, positioning the company for continued expansion and leadership in the sector.
Log in to access full profile ›Company Intelligence Q&A
- When did Faye raise its Series B funding round?
- The round was led by Portage Ventures, with participation from Munich Re Ventures.
- What was a significant recent operational development for Faye?
- In May 2026, Faye announced the opening of its new U.S. headquarters in Richmond, expanding its operational capacity to fuel rapid growth.
- When did Faye secure its Series A funding?
- This round saw investment from Munich Re Ventures and F2 Venture Capital.
- Which investors participated in Faye's Seed round?
- Key investors included F2 Venture Capital and Viola Ventures.
- What recognition did Faye receive in August 2022?
- In August 2022, Faye was named a 'Must-Download Travel App In 2022' by Fodor's Travel, highlighting its growing presence and positive reception in the travel industry.