Quandri Raises $16M to Scale AI for Insurance Brokerages
Vancouver-based Quandri has successfully secured $16 million to expand its AI-powered platform aimed at assisting insurance brokerages and agencies. Since its inception in 2021, Quandri has attracted more than $27 million in total funding. The recent investment round was spearheaded by Framework Venture Partners and included continued support from FUSE and Defined Capital, with strategic investment coming from Intact Ventures, Canada’s leading provider of property and casualty insurance.
Recognized as one of LinkedIn’s Top Canadian Startups, Quandri plans to utilize the fresh capital to accelerate its go-to-market strategy, enhance its AI and engineering capabilities, and significantly scale operations across Canada and the U.S. The company, founded by brothers Jackson and Jamieson Fregeau, is seeing rapid growth: revenue shot up 15 times, their client base now surpasses 100 clients in North America, and their workforce has quintupled to 75 full-time employees.
