Company Overview
Snapshot
Founded in September 2019 by Elad Schaffer, Daniel Green, and Motti Bebchuk, Faye operates with 51–200 employees. The company has successfully completed 4 funding rounds, attracting 12 investors. In August 2026, Faye secured a Series C funding round led by Madrona, signaling strong investor confidence in its growth trajectory.
Business overview
Faye is an Insurtech company focused on redefining travel insurance for American consumers through an all-digital, customer-centric platform. The company's core offering, Faye, provides whole-trip protection with proprietary technology that enables immediate 24/7 global support, rapid reimbursements, and a comprehensive app for trip coverage and claims filing. Operating within the Fintech & Insurtech sector, Faye serves the travel market, including individual travelers and potentially airlines and travel agencies, by leveraging artificial intelligence and machine learning to enhance its services.
Strategic signal
In August 2026, Faye raised a $50 million Series C round at an estimated $500 million valuation, indicating significant market validation and investor confidence in its AI-powered platform for travel protection. This substantial funding round suggests a strong growth trajectory and strategic intent to further develop its autonomous platform for traveler care, positioning Faye as a key innovator in the travel insurance sector.
Log in to access full profile ›Company Intelligence Q&A
- What was Faye's most recent funding round?
- In August 2026, Faye raised a $50 million Series C funding round, which valued the company at an estimated $500 million. The round was led by Madrona.
- Which investors participated in the Series B funding round?
- In July 2024, Faye secured a Series B funding round led by Portage Ventures, with participation from.
- When did Faye expand its U.S. operations?
- In May 2026, Faye announced the opening of its new U.S. headquarters in Richmond, Virginia, to support its rapid growth.
- What was a significant recognition Faye received in 2024?
- In May 2024, Faye was recognized as Israel’s Most Promising Startup of 2024 by CTech.
- Which investors led Faye's Seed funding round?
- In May 2022, Faye's Seed funding round was led by.