Travel insurance startup Faye today announced it has raised $10 million in Series A funding just a year after launching its product in the U.S., bringing the company's total funding 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 is redefining insurance with the first 100% digital, consumer-centric travel insurance for Americans enabling smarter, faster assistance and claims resolutions. Faye's whole-trip protection, coupled with its proprietary technology, provides 24/7 immediate support anywhere in the world, quick reimbursements and an app where you can do it all - from covering your trips to filing claims.