Tech Company Financing Transactions
Faye Funding Round
Faye, based in Newark, secured $50 million in funding from Madrona Venture Group, BRM Capital and F2 Venture Capital.
Transaction Overview
Company Name
Announced On
8/5/2026
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to accelerate geographical expansion into new markets, grow partnerships with online travel agencies, airlines, cruise lines, and other travel brands, double down on AI for underwriting, traveler assistance, and claims management, and expand its travel fintech capabilities.
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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