Quandri, an AI platform transforming servicing work for insurance brokerages and agencies, has secured US$12 million in funding, bringing total capital raised since its 2021 launch to over US$20 million. The round was led by Framework Venture Partners, with existing investors FUSE and Defined Capital reaffirming their commitments. Intact Ventures, the investment arm of one of North America's largest property and casualty insurers, also participated in the round.
The new funding will support expansion initiatives across Canada and the U.S., bolster engineering and AI development, and scale go-to-market efforts.
“Quandri is solving a massive pain point in a legacy industry, and they’re doing it with a deep product focus and clear ROI,” said Ajay Gopal, Partner at Framework Venture Partners. “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.”
“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,” said Justin Smith-Lorenzetti, Head of Investments at Intact Ventures. “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.”
Since the previous funding round in 2023, revenue has increased by 15X and the client base has grown to over 100 agencies and brokerages across North America. Headcount has expanded fivefold to 75 full-time employees. Notable clients now include Brokerlink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners.
Major product milestones have included the introduction of tools such as Policy Checking, Policy Requoting, and Connect. These offerings enable automation of policy reviews, identification of renewal insights, streamlined requoting processes, and proactive client engagement — contributing to higher retention, revenue growth, and improved client service.
“Quandri is solving the right problems for our business,” said Chris Rosati, President and CEO at HomeServices Insurance Inc. “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.”
“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,” said Jackson Fregeau, CEO and co-founder of Quandri. “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.”
Plans for the rest of 2025 include hiring more than 40 new team members, expanding the Vancouver headquarters with a new 15,000-square-foot office, and establishing a Boston office to meet rising demand from U.S.-based clients.