Travel startup Faye announced on Tuesday that it has raised $31 million in Series B funding, bringing the company’s total funding to $49M. The round was led by Portage, with participation from Lumir Ventures, along with existing investors F2 Venture Capital, Viola Ventures and Munich Re Ventures.
Since launching its app to American travelers in 2022, Faye has continued to expand its offering, which currently includes travel insurance that provides comprehensive coverage, 24/7 assistance and companionship for anything that can go wrong in-trip; real-time trip monitoring and alerts as well as fast fintech solutions to enable payments, reimbursements and savings for trips.
In a conversation with Calcalist, Elad Schaffer, CEO and co-founder…