Quandri, an AI platform modernizing servicing work for insurance brokerages and agencies, has raised $12 million in its latest funding round, bringing its total funding to over $20 million since its inception in 2021. This round was led by Framework Venture Partners, with existing investors FUSE and Defined Capital increasing their investments, and Intact Ventures also participating.
The funds will support Quandri’s go-to-market efforts, engineering and AI investments, and expansion in Canada and the U.S. Since its last funding round in 2023, Quandri has increased its revenue by 15 times and expanded its customer base to over 100 agencies and brokerages. The company has also grown its workforce from 15 to 75 full-time employees. Notable clients include Brokerlink and Western Financial Group.
Recent product milestones include launching Policy Checking, Policy Requoting, and Connect, which help automate policy reviews and enhance client engagement, leading to improved retention and revenue.
For the remainder of 2025, Quandri plans to hire over 40 new employees and expand its Vancouver headquarters with a new 15,000-square-foot office, while also opening an office in Boston to better serve its U.S. customers.
KEY QUOTES:
“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
“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.”
Chris Rosati, President and CEO at HomeServices Insurance
“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
