Elad Schaffer
Faye, a travel insurance firm with roots in Israel, said it has raised $31 million in Series B funding led by Portage, a global venture firm with offices in New York. Other participants included Australia- and Israel-based Lumir Ventures, along with three existing investors — Europe’s F2 Ventures, Israel’s Viola Ventures and San Francisco-based Munich Re Ventures. So far, Faye has raised $49 million.
Co-founded in 2019 by CEO Elad Schaffer and chief technology officer Daniel Green, Faye has combined technology with insurance and healthcare to offer a broad range of services to tourists. With U.S. headquarters in Richmond, Va., Faye plans to use the funding to expand its offices in New York,…