QuickFacts raises $1.13 million

QuickFacts has raised $1.13 million in a funding round led by Sandpiper Ventures.

Founded in 2020 by Christy Silvestri (President & CEO) and Jeff Barsalou (CRO), QuickFacts (a team of 16) aggregates insurance carrier underwriting information for brokerages into a single searchable database that compares carrier information.

The investor group also includes Killick Capital, a private investment firm based in St. John’s and headed by Mark Dobbin; Paul Hill, ex-Carta Worldwide CEO and Verafin chairman; Neil Mitchell, former managing director at Marsh Canada; both Women’s Equity Lab Toronto and Vancouver including their members Julie McGill, Lori Oliver, and Miriam Mowat.

“As a broker for 17 years, I spent so much time answering underwriting questions for my team that I couldn’t perform my management tasks. So we went and built the software I wanted as a broker and manager. We’re drastically improving the morale of brokers by empowering them with the quick answers they need. The industry is seeing a shortage of experienced brokers and a shift to remote work, so QuickFacts is making it much easier for brokers to access underwriting knowledge. We are thrilled to have secured our funding, which will play a crucial role in fueling our expansion plans across Canada and launching workflows. This investment signifies our investors’ confidence and support in QuickFacts’ mission to empower brokers with instant, reliable information.” – Christy Silvestri, President & CEO.

“We are extremely proud of launching in Alberta, our first Western Canada province, at the prestigious IBAA Convention. The event allowed us to connect with brokerage owners, carrier decision-makers, insurtech companies, and associations for potential partnerships. There was overwhelming enthusiasm and positive reception for the software, and we’ve already begun activating in Western brokerages.” – Jeff Barsalou, CRO.