Insider Brief
- Quandri has raised $12M in new funding led by Framework Venture Partners, bringing its total to over $20M, to scale operations across Canada and the U.S. and invest further in AI and engineering.
- The company’s AI platform automates key insurance brokerage tasks like policy reviews and requoting, boosting retention, revenue, and customer experience for over 100 clients.
- With 15x revenue growth since 2023 and a fivefold team expansion, Quandri plans to hire 40 more staff and open a Boston office to support its growing U.S. presence.
PRESS RELEASE — Quandri, the AI platform modernizing servicing work for insurance brokerages and agencies, has raised US$12 million, bringing the total funds raised since the company’s inception in 2021 to over US$20 million. The round was led by Framework Venture Partners with investors FUSE and Defined Capital doubling down on their existing investments in Quandri. The funding round also included an investment from Intact Ventures, a pre-eminent insurtech investment group backed by one of the largest providers of property and casualty insurance in North America. Quandri will use these funds to accelerate its go-to-market efforts, increase engineering and AI investments, and expand operations in both Canada and the U.S.
“Quandri is solving a massive pain point in a legacy industry, and they’re doing it with a deep product focus and clear ROI,” said Ajay Gopal, Partner at Framework Venture Partners. “The company’s plans to scale across North America will ensure their groundbreaking platform is available to thousands more brokerages and agencies serving the personal lines insurance market.”
“We’re proud to invest in Jackson, Jamieson and the entire team at Quandri. In the new world of AI and automation, Quandri is supporting brokers in delivering top-tier customer experience, something that aligns with Intact’s broader values around being customer-driven,” said Justin Smith-Lorenzetti, Head of Investments at Intact Ventures. “Our investment in Quandri reflects our belief in its product, team, and the immense opportunity ahead as they build critical infrastructure for the modernization of broker workflows and insurance distribution.”
Since its last funding round in 2023, Quandri has increased its revenue by 15X and expanded its customer base to more than 100 agencies and brokerages across Canada and the U.S. The company has also expanded its headcount fivefold to 75 full-time employees. Marquee North American clients include Brokerlink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners. The company has delivered several major product milestones including the launch of Policy Checking, Policy Requoting, and Connect. Brokerages and agencies are now using Quandri to automate policy reviews, surface renewal insights, streamline requoting, and proactively engage clients, leading to stronger retention, increased revenue, and a better client experience.
“Quandri is solving the right problems for our business,” said Chris Rosati, President and CEO at HomeServices Insurance Inc. “Their AI platform has helped us operate more efficiently, improve how we engage clients, and focus our teams on higher-value work. As we expand our use of the platform, we see Quandri playing an increasingly strategic role in how we deliver service and drive growth.”
“We’ve had strong conviction in our vision from day one, but having new investors like Framework and Intact supporting our journey adds real momentum,” said Jackson Fregeau, CEO and co-founder of Quandri. “Their support affirms the value we’re delivering to brokerages and agencies, and gives us the insight and fuel we need to keep pushing the industry forward.”
For the remainder of 2025, Quandri plans to hire more than 40 people. The company is also expanding its Vancouver HQ with a new 15,000-square-foot office and opening a Boston office to serve a growing U.S. customer base.
About Quandri
Founded in 2021, Quandri is an AI-enabled servicing platform transforming how North America’s insurance brokerages and agencies get work done. Named as one of LinkedIn’s 2024 Top Startups, Quandri’s Renewal Intelligence Platform enables brokers and agents to streamline tasks, identify actionable policy insights, and provide end clients with an exceptional renewal experience. For additional information, visit www.quandri.io.
Contacts
Media Contact:
Jodi Echakowitz
Boulevard Public Relations (for Quandri)
jodi@boulevardpr.com
