Tech Company Financing Transactions
Faye Funding Round
Portage, F2 Venture Capital and Lumir Ventures joined a $31 million Series B funding round for Faye. The financing round was announced on 7/30/2024.
Transaction Overview
Company Name
Announced On
7/30/2024
Transaction Type
Venture Equity
Amount
$31,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate growth, develop new products and scale its operations across its insurance, travel and fintech offerings, grow its U.S. headquarters in Virginia and build out its existing offices in New York, Florida and California.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
200 Continental Drive 401
Newark, DE 19713
USA
Newark, DE 19713
USA
Phone
Website
Email Address
Overview
Faye provides whole-trip travel coverage and care that brings out the best in each journey with industry-leading technology that enables smarter, faster, smoother assistance and claims resolutions. Our robust travel insurance covers your health, your trip, your stuff, and even your pet, via an app that provides real-time proactive solutions, quick reimbursements and 24/7 customer experience specialists who turn travel mishaps into laugh-about-it-later memories.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Elad Schaffer
Co-Founder
Daniel Green
Vice President
Motti Bebchuk
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