# Choco Insurance

**Source:** https://www.startuphub.ai/startups/facio
**Profile type:** Startup

> Insurtech platform simplifying insurance for small businesses and freelancers.

## About

Choco Insurance provides a cash-back construction insurance program for developers and general contractors, leveraging AI and IoT for enhanced site safety and reduced costs. Their innovative approach integrates smart site technology and predictive analytics to proactively mitigate risks and foster a safer construction environment. This ultimately aligns builder goals with insurers, leading to shared financial success.

## Key facts

- **Slug:** facio
- **Website:** https://chocoinsurance.com/
- **Location:** Tel Aviv, Israel
- **Founded:** 2018-08-01 00:00:00
- **Employees:** 5
- **Operating status:** Active
- **Sectors / tags:** Fintech, Insurance, InsurTech, Parametric Insurance, AI-Driven Parametric Insurance, Embedded Finance, SMB Software
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/chocoinsurance/
  - Twitter: https://x.com/chocoinsurance
  - GitHub: https://github.com/wix

## Frequently asked

### What does Choco Insurance do?

Choco Insurance provides a cash-back construction insurance program for developers and general contractors, leveraging AI and IoT for enhanced site safety and reduced costs. Their innovative approach integrates smart site technology and predictive analytics to proactively mitigate risks and foster a safer construction environment. This ultimately aligns builder goals with insurers, leading to shared financial success. (formerly Facio.)

### What is Choco Insurance's revenue?

StartupHub estimates Choco Insurance's annual revenue at $1.4M (range $1.1M to $1.7M, 63% confidence), based on comparable companies in the sector.

### Where is Choco Insurance headquartered?

Choco Insurance is headquartered in Tel Aviv, Israel.

### When was Choco Insurance founded?

Choco Insurance was founded in 2018.

### What industry does Choco Insurance operate in?

Choco Insurance operates in Fintech, Insurance, InsurTech, Parametric Insurance, AI-Driven Parametric Insurance, Embedded Finance.

### How many employees does Choco Insurance have?

Choco Insurance has approximately 5 people on record.

## JSON-LD

Structured data aligned with this page's `<script type="application/ld+json">` (included when the profile is server-rendered).

```json
{
  "@context": "https://schema.org",
  "@graph": [
    {
      "@type": "BreadcrumbList",
      "itemListElement": [
        {
          "@type": "ListItem",
          "position": 1,
          "name": "Home",
          "item": "https://www.startuphub.ai"
        },
        {
          "@type": "ListItem",
          "position": 2,
          "name": "Startups",
          "item": "https://www.startuphub.ai/startups"
        },
        {
          "@type": "ListItem",
          "position": 3,
          "name": "Choco Insurance",
          "item": "https://www.startuphub.ai/startups/facio"
        }
      ]
    },
    {
      "@type": "ProfilePage",
      "@id": "https://www.startuphub.ai/startups/facio#webpage",
      "url": "https://www.startuphub.ai/startups/facio",
      "name": "Choco Insurance - AI Startup Profile | StartupHub.ai",
      "description": "This is the official profile of Choco Insurance (formerly Facio). Choco Insurance is a startup founded in 2018, operating in Fintech and Insurance. Insurtech platform simplifying insurance for small businesses and freelancers. Headquartered in Tel Aviv, Israel. The company has approximately 5 employees.",
      "dateModified": "2026-07-01T09:30:43.137864+00:00",
      "mainEntity": {
        "@id": "https://www.startuphub.ai/startups/facio#organization"
      }
    },
    {
      "@type": "Organization",
      "@id": "https://www.startuphub.ai/startups/facio#organization",
      "name": "Choco Insurance",
      "url": "https://chocoinsurance.com/",
      "logo": "https://cdn.startuphub.ai/storage/v1/object/public/entity-images/logos/51eb858b-60ed-4d49-839c-d34fe43d0086-square.webp",
      "image": "https://cdn.startuphub.ai/storage/v1/object/public/entity-images/logos/51eb858b-60ed-4d49-839c-d34fe43d0086-square.webp",
      "description": "This is the official profile of Choco Insurance (formerly Facio). Choco Insurance is a startup founded in 2018, operating in Fintech and Insurance. Insurtech platform simplifying insurance for small businesses and freelancers. Headquartered in Tel Aviv, Israel. The company has approximately 5 employees.",
      "sameAs": [
        "https://www.linkedin.com/company/chocoinsurance/",
        "https://x.com/chocoinsurance",
        "https://github.com/wix",
        "https://www.startuphub.ai/startups/facio"
      ],
      "foundingDate": "2018-08-01 00:00:00",
      "numberOfEmployees": {
        "@type": "QuantitativeValue",
        "value": 5
      },
      "address": {
        "@type": "PostalAddress",
        "addressLocality": "Tel Aviv",
        "addressCountry": "Israel"
      },
      "knowsAbout": [
        "Fintech",
        "Insurance",
        "InsurTech",
        "Parametric Insurance",
        "AI-Driven Parametric Insurance",
        "Embedded Finance",
        "SMB Software"
      ]
    },
    {
      "@type": "Product",
      "@id": "https://www.startuphub.ai/startups/facio#profile-assessment",
      "name": "Choco Insurance - StartupHub.ai Profile Assessment",
      "url": "https://www.startuphub.ai/startups/facio",
      "image": "https://cdn.startuphub.ai/storage/v1/object/public/entity-images/logos/51eb858b-60ed-4d49-839c-d34fe43d0086-square.webp",
      "category": "Fintech",
      "description": "This is the official profile of Choco Insurance (formerly Facio). Choco Insurance is a startup founded in 2018, operating in Fintech and Insurance. Insurtech platform simplifying insurance for small businesses and freelancers. Headquartered in Tel Aviv, Israel. The company has approximately 5 employees. Agent Readiness score: 42/100. Full audit: https://www.startuphub.ai/startups/facio/agent-readiness",
      "brand": {
        "@type": "Brand",
        "name": "Choco Insurance"
      },
      "review": {
        "@type": "Review",
        "author": {
          "@type": "Organization",
          "name": "StartupHub.ai"
        },
        "datePublished": "2026-07-01",
        "name": "Choco Insurance - Profile Score 47/100",
        "reviewBody": "This is the official profile of Choco Insurance (formerly Facio). Choco Insurance is a startup founded in 2018, operating in Fintech and Insurance. Insurtech platform simplifying insurance for small businesses and freelancers. Headquartered in Tel Aviv, Israel. The company has approximately 5 employees. Agent Readiness score: 42/100. Full audit: https://www.startuphub.ai/startups/facio/agent-readiness",
        "reviewRating": {
          "@type": "Rating",
          "ratingValue": 47,
          "bestRating": 100,
          "worstRating": 0
        }
      }
    }
  ]
}
```