After a challenging period during which travel startup funding had largely dried up due to the COVID-19 pandemic, the sector is seeing a resurgence in investment. Notable recent rounds include Guesty’s impressive $130 million funding, Cover Genius’ $80 million raise, and Canary Technologies’ $50 million announcement in June. While this month has been relatively slow for new funding, significant movements are still happening.
In a notable development, US-based travel insurance startup Faye has successfully raised $31 million in Series B funding, increasing its total capital to $49 million. This round was spearheaded by Portage, a prominent global investment platform, with additional contributions…