Quandri raises $12 million

Quandri, a Canadian startup offering an AI solution for the policy renewal process for insurance brokerages and agencies, has raised $12 million, bringing total funding to date to ~$20 million. The round was led by Framework Venture Partners, with participation from FUSE, Defined Capital, and Intact Ventures.

Founded in 2021, Quandri offers a renewal intelligence software that streamlines tasks and identifies actionable policy insights. The startup will use the funding 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. 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.” – Ajay Gopal, Partner at Framework Venture Partners.

“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.” – Justin Smith-Lorenzetti, Head of Investments at Intact Ventures.

“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.” – Jackson Fregeau, CEO and co-founder of Quandri.