Following the announcement last month of travel insurtech Faye’s launch in to the US market, they have followed up with the news that it has raised US$8 million in seed funding, which it will use to recruit ‘new talent’ and strengthen its technology. At the heart of this investment are Viola Ventures and F2 Venture Capital, with other investors including Portage Ventures, Global Founders Capital (GFC) and Israeli former basketball player Omri Casspi. Omry Ben David, General Partner at Viola Ventures, said one of the primary reasons for the investment was the “favourable growth characteristics and unit economics’ with the potential to ‘reinvent’ consumer travel insurance in the US with more ‘bespoke, price-optimised coverage”.

Company  Individuals
Investor Links https://www.viola-group.com/  https://www.f2vc.com/  https://www.linkedin.com/in/omry-ben-david-2436371/  https://www.linkedin.com/in/jonathan-saacks-2839b21/  https://www.linkedin.com/in/barak2007/ 
Insurtech Links https://www.withfaye.com/  https://www.linkedin.com/in/eladschaffer/  https://www.linkedin.com/in/wikidan/ 

Source: https://www.itij.com/latest/news/travel-insurance-start-faye-raises-8-million 

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