Search company, investor...

Predict your next investment

Venture Capital
f2vc.com

Investments

52

Portfolio Exits

9

Funds

3

Partners & Customers

1

About F2 Venture Capital

F2 Venture Capital is a seed-stage venture capital fund for technology companies. It is based in Tel Aviv, Israel.

Headquarters Location

9 Rothschild Blvd

Tel Aviv, 651535,

Israel

972 502 424 388

Want to inform investors similar to F2 Venture Capital about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest F2 Venture Capital News

Travel insurtech Faye lands $10m in Series A funding

May 23, 2023

Israel / US:  Travel insurance startup  Faye has announced that it has raised $10 million in Series A funding, just a year after launching its product in the United States, bringing the company’s total funding to date to $18 million. The round was led by Munich Re Ventures along with existing investors Viola Ventures and F2 Venture Capital. Additional investors include Menora Tech and Mike Nelson, former CEO of Global Travel Insurance at Allianz. Faye’s proactive and holistic travel insurance product is designed to deliver unmatched value for travellers embarking from the United States, and the company expects to quadruple its revenue in 2023 alone, having earned millions in premiums in its first year in the market. The company also plans to more than double its pool of travel advisers and distribution partners, which is already in the hundreds. The funding news comes shortly after the company launched its Travel Advisor Portal, a one-stop-shop where travel advisers and agencies can offer, learn about and manage travel insurance with Faye. In addition, the startup released a newly-developed API to enable seamless integration with travel distributors who wish to offer a new level of travel protection to their customers, fully embedded into their offerings. Faye co-founder and CEO, Elad Schaffer, said: “Faye fundamentally views travel insurance differently. Until Faye, travel insurance was often thought of as a reimbursement service. Faye’s approach combines travel insurance with real-time assistance, trip alerts, a 24/7 concierge and even financial support. “Our role is to help ensure that you have a smooth adventure that’s memorable for the right reasons. We’ve built an offering that travelers will want to use for life, so bringing Faye along is just as obvious as bringing your passport. This approach is working: we continue to see rapid growth in travellers using Faye, and coming back for more – month over month,”  added Schaffer. The boom in travel insurance purchases across the industry is set to support a busy season of summer travel. Faye said that it is anticipating continued consumer frustration – from crowded airports to staff shortages – and thus an increase in trip protection purchases and reliance on providers that go the distance to offer both insurance and around-the-clock assistance. Sidra Ahmed, investment director at Munich Re Ventures, who will also join Faye’s board of directors, said: “With the end consumer in mind, Faye provides transparent, digitally-integrated comprehensive coverage, and a real-time approach to managing the many potential hiccups that can happen on a trip. Faye has successfully married the worlds of travel, insurtech and fintech to seamlessly enable consumers to protect their travel investments. “We are excited to join the Faye team on their journey [pun intended],” added Ahmed. Mike Nelson, former CEO, Global Travel Insurance at Allianz, said: “Travel insurance is a fast-growing industry with evolving needs in the areas of customer experience, product relevance and digital innovation. The team at Faye has impressed me with their vision and accomplishments and has already attracted enormous interest from partners and travel distributors, just one year in the market, and amid economic uncertainty; that’s no easy feat. “It was a no-brainer to deepen my support of this top-notch team and product, going from adviser to both adviser and investor,” he added. Since its initial launch, Faye has made additional enhancements to its offering, including releasing new coverage add-ons such as adventure and extreme sports and vacation rental damage protection. Now available in 48 states, including New York, California, Florida and Texas, Faye says that it is planning to be available soon nationwide across the United States. Faye is the second startup founded by serial entrepreneurs and travel enthusiasts, Elad Schaffer [CEO] and Daniel Green [CTO]. In the coming months, the duo plan to use the capital injection to fuel growth, develop new insurance offerings, support scale through automation and seamless integrations, and forge new partnerships with top brands and distribution partners. The startup’s robust protection is set up to cover travellers’ flights, accommodation, health [including pre-existing conditions], luggage, and their pets – all via an app on iOS or Android that sends real-time proactive alerts, provides 24/7 access to customer experience specialists, enables users to file claims digitally, and quickly pays for approved claims via electronic transfers to Faye Wallet, its digital debit card that can be added to Apple Wallet or Google Wallet. Through Faye Wallet, travellers can also receive speedy reimbursements for travel inconveniences [such as delayed bags and flights] and instantly use funds to purchase what they need most rather than paying out of pocket.

F2 Venture Capital Investments

52 Investments

F2 Venture Capital has made 52 investments. Their latest investment was in Faye as part of their Series A on May 5, 2023.

CBI Logo

F2 Venture Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/23/2023

Series A

Faye

$10M

No

6

11/3/2022

Series B

Dataloop

$33M

No

8

10/31/2022

Unattributed VC

eToro

$37.71M

Yes

1

9/20/2022

Series A - II

Subscribe to see more

$99M

Subscribe to see more

10

9/20/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/23/2023

11/3/2022

10/31/2022

9/20/2022

9/20/2022

Round

Series A

Series B

Unattributed VC

Series A - II

Seed VC

Company

Faye

Dataloop

eToro

Subscribe to see more

Subscribe to see more

Amount

$10M

$33M

$37.71M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

6

8

1

10

10

F2 Venture Capital Portfolio Exits

9 Portfolio Exits

F2 Venture Capital has 9 portfolio exits. Their latest portfolio exit was iPrice Group on April 04, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/4/2023

Corporate Majority

$99M

6

1/19/2023

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

7/6/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

6/23/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

12/8/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/4/2023

1/19/2023

7/6/2022

6/23/2022

12/8/2021

Exit

Corporate Majority

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

6

10

10

10

10

F2 Venture Capital Fund History

3 Fund Histories

F2 Venture Capital has 3 funds, including F2 Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/5/2022

F2 Fund III

$250M

1

8/26/2019

F2 Capital II (US)

Subscribe to see more

Subscribe to see more

$99M

10

6/5/2017

F2 Capital Partners

Subscribe to see more

Subscribe to see more

10

Closing Date

7/5/2022

8/26/2019

6/5/2017

Fund

F2 Fund III

F2 Capital II (US)

F2 Capital Partners

Fund Type

Subscribe to see more

Subscribe to see more

Status

Subscribe to see more

Subscribe to see more

Amount

$250M

$99M

Sources

1

10

10

F2 Venture Capital Partners & Customers

1 Partners and customers

F2 Venture Capital has 1 strategic partners and customers. F2 Venture Capital recently partnered with Youngstown Business Incubator on January 1, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

1/1/2017

Partner

United States

News & Updates - Valley Growth Ventures

How will the partnership with The Junction and F2 Capital benefit the YBI ?

1

Date

1/1/2017

Type

Partner

Business Partner

Country

United States

News Snippet

News & Updates - Valley Growth Ventures

How will the partnership with The Junction and F2 Capital benefit the YBI ?

Sources

1

F2 Venture Capital Team

2 Team Members

F2 Venture Capital has 2 team members, including current Managing Partner, Barak Rabinowitz.

Name

Work History

Title

Status

Barak Rabinowitz

Managing Partner

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Barak Rabinowitz

Subscribe to see more

Work History

Title

Managing Partner

Subscribe to see more

Status

Current

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.