Quandri, an AI platform dedicated to modernizing servicing work for insurance brokerages and agencies, has announced it secured US$12 million in a new funding round, bringing its total raised since 2021 to over US$20 million.
The latest investment round was led by Framework Venture Partners, with existing investors FUSE and Defined Capital increasing their commitments. Intact Ventures, an insurtech investment group backed by one of North America’s largest property and casualty insurance providers, also participated. Quandri stated the capital will be allocated towards accelerating its go-to-market strategies, boosting engineering and AI investments, and expanding operations across Canada and the U.S.
Ajay Gopal, Partner at Framework Venture Partners, commented on the investment: “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.” He added, “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.”
Since its previous funding round in 2023, Quandri has experienced significant growth, increasing its revenue by 15 times and expanding its customer base to more than 100 agencies and brokerages in both Canada and the U.S. The company has also grown its workforce fivefold to 75 full-time employees. Notable North American clients include Brokerlink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners.
Quandri has introduced several key product enhancements, including Policy Checking, Policy Requoting, and Connect. These features enable brokerages and agencies to automate policy reviews, identify renewal insights, streamline requoting processes, and proactively engage clients. This functionality aims to enhance client retention, boost revenue, and improve overall customer experience.
Chris Rosati, President and CEO at HomeServices Insurance Inc., noted, “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.”
Justin Smith-Lorenzetti, Head of Investments at Intact Ventures, expressed his support: “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.”
Jackson Fregeau, CEO and co-founder of Quandri, stated, “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.”
For the remainder of 2025, Quandri plans to hire over 40 new employees. The company is also expanding its Vancouver headquarters with a new 15,000-square-foot office and establishing a Boston office to support its growing U.S. customer base. Founded in 2021, Quandri provides an AI-enabled servicing platform designed to transform workflows for North American insurance brokerages and agencies. The company, recognized as one of LinkedIn’s 2024 Top Startups, offers its Renewal Intelligence Platform to help brokers and agents streamline tasks, uncover actionable policy insights, and deliver an improved renewal experience to clients.
