# Faye

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/faye

- Industry: Insurance
- Headquarters: Newark, US
- Website: www.withfaye.com
- Total disclosed funding: $99M
- Latest round: Series C (Aug 5, 2026)
- Investors on record: 11

## About

Based in California and founded in 2019 by its CEO Elad Schaffer, Daniel Green (CTO), and Motti Bebchuk, Faye operates as a travel insurance company that cover medical and evacuation expenses users have in-trip, including ones related to COVID-19. In August 2026, Faye raised USD 50 million in series C funding led by new investor Madrona Venture Group, with participation from another new investor BRM. Returning investors F2 Venture Capital, Viola Ventures, Lumir Ventures, and Portage Ventures also participated in the round.
Faye US East product is an application that covers travelers’ trips, health, belongings, and even pets via trip monitoring and alerts, enables users to file claims digitally, and pays for approved claims via electronic transfers. The company's application is available on iOS and Android devices.
The company plans to use the funding the August 2026 funding to accelerate its growth through geographical expansion into new international markets. The company will also grow its partnerships with online travel agencies, airlines, cruise lines, and other travel brands. Additionally, the funds will be used to double down on AI investments to improve underwriting, traveler assistance, and claims processing, with a goal of achieving more autonomous claims resolution. The company also intends to expand its travel fintech capabilities via the Faye Wallet.

## Funding rounds

- Series C, Aug 5, 2026, $50M — BRM Group, Madrona Venture Group, Viola Group, Portage Ventures, F2 Venture Capital, Lumir Ventures
- Series B, Jul 30, 2024, $31M — Viola Ventures, Munich Re Ventures, Portage Ventures, F2 Venture Capital, Lumir Ventures
- Series A, May 23, 2023, $10M — Viola Ventures, Menora Mivtachim Group, Munich Re Ventures, F2 Venture Capital
- Seed, May 11, 2022, $8M — Viola Group, Global Founders Capital, Portage Ventures, F2 Venture Capital
- Seed, Aug 18, 2020 — Investible

## Investors

- Investible (https://capitalatlas.ai/funds/investible) — Seed
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Seed, Series C
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Seed, Series B, Series C
- F2 Venture Capital (https://capitalatlas.ai/funds/f2-venture-capital) — Seed, Series A, Series B, Series C
- Viola Ventures — Series A, Series B
- Menora Mivtachim Group — Series A
- Munich Re Ventures (https://capitalatlas.ai/funds/munich-re-ventures) — Series A, Series B
- Lumir Ventures (https://capitalatlas.ai/funds/lumir-ventures) — Series B, Series C
- BRM Group (https://capitalatlas.ai/funds/brm-group) — Series C
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series C