About Faye
Faye is a company based in Newark (United States) founded in 2019 by Daniel G and Elad Schaffer. It operates as a Subscription Services. Faye has raised $49 million across 3 funding rounds from investors including Munich Re, Portage and Lumir Ventures. Faye offers products and services including Travel Insurance and Telemedicine Access. Faye operates in a competitive market with competitors including SafetyWing, Elves, LoungeBuddy, SkySquad and Damoov, among others.
- Headquarter Newark, United States
- Founders Daniel G, Elad Schaffer
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Sectors
TechnologyTravel & Hospitality Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Zenner, Inc.
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$49 M (USD)
in 3 rounds
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Latest Funding Round
$31 M (USD), Series B
Jul 30, 2024
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Investors
Munich Re
& 9 more
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Employee Count
Not available
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Products & Services of Faye
Faye offers a comprehensive portfolio of products and services, including Travel Insurance and Telemedicine Access.
Travel insurance plans are offered for protection.
Access to telemedicine doctors is provided globally.
People of Faye
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Funding Insights of Faye
Faye has successfully raised a total of $49M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $31 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Faye
Faye has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Munich Re, Portage and Lumir Ventures.
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A global fintech and financial services investment platform is operated.
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Investments are directed toward early and mid-stage tech startups.
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Early-stage venture capital investing in Israeli startups across technology and innovation sectors.
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Investor details for Faye
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Investments & Acquisitions by Faye
Investment portfolio details for Faye
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Financial Statements - Faye
Detailed financials for Faye
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Faye Comparisons
Peer comparison for Faye
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Competitors of Faye
Faye operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SafetyWing, Elves, LoungeBuddy, SkySquad and Damoov, among others.
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Online travel insurance is provided for nomads and individuals.
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Chat-based concierge assistance for bookings and purchases is offered.
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Mobile app to access information and book airport lounges
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Airport assistance is facilitated via an online platform for passengers.
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Provider of telematics & web-based fleet management solutions
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Detailed competitors of Faye
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Latest news on Faye
Complete news archive for Faye
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Frequently Asked Questions about Faye
Faye was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Faye is headquartered in Newark, United States. It is registered at Newark, New Jersey, United States.
Elad Schaffer is the current CEO of Faye. They have also founded this company.
Faye is a funded company, having raised a total of $49M across 3 funding rounds to date.
Customizable travel protection plans are offered by Faye under Zenner, Inc. Coverage includes emergency medical expenses, trip cancellations, and baggage loss. Services extend to telemedicine access and 247 assistance. Solutions cater to domestic, international, and cruise trips with various add-ons like pet care and rental car protection. The focus is on seamless claims processing and real-time travel updates for customers worldwide.
Faye's top competitors include SafetyWing, Elves and LoungeBuddy.
Faye offers Travel Insurance and Telemedicine Access.
Faye has 10 investors. Key investors include Munich Re, Portage, Lumir Ventures, F2 Venture Capital, and Viola Group.