Quandri, a Canadian InsurTech startup transforming insurance brokerage operations through AI-powered automation, has secured $12m in a Series A funding round, marking a significant milestone in its growth journey.
The round was led by Framework Venture Partners, with renewed participation from existing backers FUSE and Defined Capital. New investor Intact Ventures, the venture capital arm of one of North America’s largest property and casualty insurers, also joined the round. This brings Quandri’s total funding since its 2021 launch to over $20m.
The company offers an AI-driven Renewal Intelligence Platform designed to automate policy renewal workflows within insurance brokerages. By digitising processes such as policy reviews, requoting, and client communication, Quandri’s software enhances retention rates, customer engagement, and revenue generation for its clients.
With the fresh injection of capital, Quandri plans to accelerate its expansion across Canada and the US. The firm is ramping up its go-to-market strategy, investing in AI and engineering capabilities, and growing its workforce. Notably, Quandri is opening a new office in Boston to better serve its growing US customer base, while also expanding its Vancouver headquarters with a new 15,000-square-foot facility.
Since its last funding round in 2023, Quandri has experienced a 15-fold increase in revenue, grown its customer base to over 100 insurance brokerages, and expanded its headcount to 75 employees. Clients include industry names such as BrokerLink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners.
Quandri CEO and co-founder Jackson Fregeau said, “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. 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.”
Framework Venture Partners partner Ajay Gopal said, “Quandri is solving a massive pain point in a legacy industry, and they’re doing it with a deep product focus and clear ROI. 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.”
Intact Ventures head of investments Justin Smith-Lorenzetti added, “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. 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.”
HomeServices Insurance Inc. president and CEO Chris Rosati commented, “Quandri is solving the right problems for our business. 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.”
As part of its future roadmap, Quandri aims to hire over 40 additional employees by the end of 2025 to further enhance its technology offerings and industry reach.
Quandri previously raised funding in 2023, contributing to the over $20m it has secured to date.
Copyright © 2025 FinTech Global
