Faye

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 $99 million across 4 funding rounds from 12 investors. In August 2026, Faye secured its Series C funding round, led by Madrona.

Business overview

Faye is an insurtech company focused on modernizing travel insurance for American consumers. The company offers all-digital, consumer-centric whole-trip protection, leveraging proprietary technology to provide immediate 24/7 global assistance and streamlined claims resolutions. Faye's core product is an app that allows users to manage their travel coverage and file claims efficiently, operating within the Fintech & Insurtech sector and serving the travel and tourism market.

Strategic signal

In August 2026, Faye successfully closed a $50 million Series C funding round, achieving an estimated valuation of $500 million. This significant capital injection, led by Madrona, underscores strong investor confidence in Faye's AI-powered platform for travel coverage and care, signaling accelerated growth and further development of its autonomous traveler care platform.

Company Intelligence Q&A

What was Faye's most recent funding round?

In August 2026, Faye raised $50 million in a Series C funding round, led by Madrona. This round valued the company at an estimated $500 million.

When did Faye expand its U.S. headquarters?

In May 2026, Faye announced the opening of its new U.S. headquarters in Richmond, Virginia, to support its rapid growth.

When did Faye launch its coverage in the US market?

Faye launched its travel insurance coverage in the US in April 2022, as reported by ITIJ.com.

Who led Faye's Series A funding round?

In May 2023, Faye secured its Series A funding round, led by Munich Re Ventures, with.