Skift Take
Faye wants to make travel insurance more accessible, and more startups are raising money to digitize hotel operations.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
Three travel tech startups raised nearly $22 million over the past two weeks
>>Faye, a travel insurance startup, has raised $10 million in series A funding.
The round was led by Munich Re Ventures with support from existing investors Viola Ventures and F2 Venture Capital, along with Menora Tech and former Allianz executive Mike Nelson.
The Tel Aviv-based startup has now raised a total of $18 million. Faye released its product in the U.S. a year ago. The service is now available in 48 states, with plans to soon expand nationwide.
Users can access and manage Faye’s travel insurance products through a digital platform. Coverage includes trips, health, belongings, pets, and more. Some newer add-ons include coverage for adventure and extreme sports as well as vacation rental damage.
Through the app, u