When was Faye founded?

Faye was founded in 2019 and raised its 1st funding round 3 years after it was founded.

Where is Faye located?

Faye is headquartered in Newark, United States.

Who is the current CEO of Faye?

Elad Schaffer of Faye. They have also founded 1 company.

How many employees does Faye have?

As of Sep 30, 2026, the latest employee count at Faye is 193.

Is Faye a funded company?

Faye is a funded company, having raised a total of $100M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 11, 2022.

When was the latest funding round of Faye?

Faye's latest funding was a $***** Series C round on Aug 05, 2026, with participation from 6 investors. Its primary sector is Internet First Insurance Platforms. In United States, the Internet First Insurance Platforms sector has seen $2.8B in funding in 2026 to date.

Where does Faye rank among its competitors?

Faye ranks 2nd amongst 75 active competitors, of which 16 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Faye, which secured $50M in Aug, 2026.

Who are the top competitors of Faye?

Faye's top competitors include Next Insurance, Branch and Pier. Among them, Faye secured the most recent funding round in August, 2026.

Faye - 2026 Company Profile, Team, Funding & Competitors

Faye is a series C company based in Newark (United States), founded in 2019 by Elad Schaffer and Daniel G. It operates as an App-based platform for trip & travel insurance. Faye has raised $100M in funding from investors like Viola Group, Madrona and F2 Capital. The company has 75 active competitors, including 16 funded and 8 that have exited. Its top competitors include companies like Next Insurance, Branch and Pier.

Company Details

The app-based platform for trip & travel insurance. It offers solutions for travel coverage & care unpacked. It also offers emergency medical expenses, trip cancellation, trip delay, trip interruption, pre-existing medical conditions, and more. The app is available for iOS and Android platforms.

Website: www.withfaye.com/
Social
Email ID: *****@withfaye.com
Phone Number: +1 **********

Key Metrics

Founded Year

2019

Location

Newark, United States

Stage

Series C

Total Funding

$100M in 4 rounds

Latest Funding Round

Series C, Aug 05, 2026, $*****

Investors

Viola Group & 12 more

Ranked

2^nd among 75 active competitors

Employee Count

193 as on Sep 30, 2026

Similar Companies

Heymondo & 179 more

View Faye's full profile

Faye has raised a total funding of $100M over 4 rounds. Its first funding round was on May 11, 2022. Its latest funding round was a Series C round on Aug 05, 2026 for $*****. 6 investors participated in its latest round. Faye has 11 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Faye:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 05, 2026	4137366	Series C	9041388	9469677	4195496	3319155
Jul 30, 2024	7946714	Series B	1766819	5026314	7656155	Lumir Ventures & 3 more
May 23, 2023	3202716	Series A	1289095	8182653	Munich Re Ventures	Viola Group & 3 more

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View details of Faye's funding rounds and investors

The founders of Faye are Elad Schaffer and Daniel G. Elad Schaffer is the CEO of Faye.

Here are the details of Faye's key team members:

Elad Schaffer: Co-Founder & CEO of Faye and founder of 2 other companies, Zenner and Zenner.
Contact Info: 3 email addresses
Daniel G: Co-Founder & CTO of Faye and founder of 2 other companies, Zenner and Zenner.
Contact Info: 3 email addresses

View details of Faye's Founder profiles and Board Members

Faye's employee count trend

Faye has 193 employees as of Sep 26. Here is Faye's employee count trend over the years:

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Top competitors of Faye include Next Insurance, Branch and Pier. Here is the list of Top 10 competitors of Faye, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Next Insurance 2016, Palo Alto (United States), Acquired	Provider of online small business insurance policies	$1.12B	FinTLV, Battery Ventures & 28 others	75/100
2nd	Faye 2019, Newark (United States), Series C	App-based platform for trip & travel insurance	$100M	Global Founders Capital, F2 Capital & 11 others	68/100
3rd	Branch 2017, Columbus (United States), Series D	Provider of auto and home insurance solutions	$280M	Greycroft, Hudson Structured & 17 others	65/100
4th	Pier 2018, United States, Series B	App-based P&C insurance platform for individuals	$50.5M	Monashees, BTG Pactual & 5 others	60/100
5th	MGT Insurance 2020, Greenwood Village (United States), Series B	Provider of commercial insurance policies for small business risk management	$41.6M	Mubadala Capital, Clocktower Ventures & 1 others	56/100
6th	Vouch 2018, San Francisco (United States), Series D	Online property insurance platform for businesses	$203M	Ribbit Capital, SVB & 20 others	56/100
7th	Bamboo Insurance 2017, Gold River (United States), Acquired	Online comparison platform for property & casualty insurance	$40.9M	Eos Ventures, Candid Insurance Investors & 1 others	54/100
8th	SafetyWing 2017, San Francisco (United States), Series B	Online platform for travel insurance	$47.1M	Byfounders, Kinnevik & 13 others	53/100
9th	Elves 2016, San Francisco (United States), Series A	Chat-based personal concierge services	$5M	Sawari Ventures, Dubai Angel Investors & 5 others	51/100
10th	BiBERK 2016, Stamford (United States), Unfunded	Small Business insurance provider	-	-	48/100