Latest news with #FrameworkVenturePartners
Yahoo
5 days ago
- Business
- Yahoo
AI-driven insurtech company Quandri secures $12m
Quandri, a Canada-based insurance tech start-up, has raised $12m in a new funding round to scale AI automation across North America. This brings the company's total funding to more than $20m since it was founded in 2021. The funding was led by Framework Venture Partners and saw investment from FUSE, Defined Capital and Intact Ventures. The company said it intends to use the funds to further its market expansion efforts, invest in engineering and AI development, and grow its operations in Canada and the US. Quandri CEO and co-founder Jackson Fregeau said: 'We have 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 are delivering to brokerages and agencies, and gives us the insight and fuel we need to keep pushing the industry forward.' Quandri has reported a 15-fold increase in revenue since its 2023 funding round and has expanded its client base to more than 100 agencies and brokerages in North America. The company has also grown its workforce to 75 full-time employees. It has launched several products such as Policy Checking, Policy Requoting and Connect. The Renewal Intelligence Platform by Quandri is designed to assist brokers and agents in simplifying processes, identifying key policy insights and improving client experiences during renewals. Quandri plans to hire an additional 40 employees by the end of 2025 and is expanding its Vancouver headquarters with a new 15,000ft² office. A new office in Boston, US, is also being opened to serve its growing US clientele, the company said. "AI-driven insurtech company Quandri secures $12m " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
National Post
6 days ago
- Business
- National Post
Quandri Raises US$12M to Scale AI Automation for Insurance Agencies Across North America
Article content Sorry, your browser doesn't support embedded videos. Article content The round is led by Framework Venture Partners with participation from Intact Ventures Article content Article content VANCOUVER, British Columbia & BOSTON — Quandri, the AI platform modernizing servicing work for insurance brokerages and agencies, has raised US$12 million, bringing the total funds raised since the company's inception in 2021 to over US$20 million. The round was led by Framework Venture Partners with investors FUSE and Defined Capital doubling down on their existing investments in Quandri. The funding round also included an investment from Intact Ventures, a pre-eminent insurtech investment group backed by one of the largest providers of property and casualty insurance in North America. Quandri will use these funds to accelerate its go-to-market efforts, increase engineering and AI investments, and expand operations in both Canada and the U.S. Article content '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.' '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.' Article content '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.' Article content Since its last funding round in 2023, Quandri has increased its revenue by 15X and expanded its customer base to more than 100 agencies and brokerages across Canada and the U.S. The company has also expanded its headcount fivefold to 75 full-time employees. Marquee North American clients include Brokerlink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners. The company has delivered several major product milestones including the launch of Policy Checking, Policy Requoting, and Connect. Brokerages and agencies are now using Quandri to automate policy reviews, surface renewal insights, streamline requoting, and proactively engage clients, leading to stronger retention, increased revenue, and a better client experience. Article content '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.' Article content '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.' Article content For the remainder of 2025, Quandri plans to hire more than 40 people. The company is also expanding its Vancouver HQ with a new 15,000-square-foot office and opening a Boston office to serve a growing U.S. customer base. Article content About Quandri Article content Founded in 2021, Quandri is an AI-enabled servicing platform transforming how North America's insurance brokerages and agencies get work done. Named as one of LinkedIn's 2024 Top Startups, Quandri's Renewal Intelligence Platform enables brokers and agents to streamline tasks, identify actionable policy insights, and provide end clients with an exceptional renewal experience. For additional information, visit Article content Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Article content Article content
Business Wire
6 days ago
- Business
- Business Wire
Quandri Raises US$12M to Scale AI Automation for Insurance Agencies Across North America
VANCOUVER, British Columbia & BOSTON--(BUSINESS WIRE)-- Quandri, the AI platform modernizing servicing work for insurance brokerages and agencies, has raised US$12 million, bringing the total funds raised since the company's inception in 2021 to over US$20 million. The round was led by Framework Venture Partners with investors FUSE and Defined Capital doubling down on their existing investments in Quandri. The funding round also included an investment from Intact Ventures, a pre-eminent insurtech investment group backed by one of the largest providers of property and casualty insurance in North America. Quandri will use these funds to accelerate its go-to-market efforts, increase engineering and AI investments, and expand operations in both Canada and the U.S. '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.' Share '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 its last funding round in 2023, Quandri has increased its revenue by 15X and expanded its customer base to more than 100 agencies and brokerages across Canada and the U.S. The company has also expanded its headcount fivefold to 75 full-time employees. Marquee North American clients include Brokerlink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners. The company has delivered several major product milestones including the launch of Policy Checking, Policy Requoting, and Connect. Brokerages and agencies are now using Quandri to automate policy reviews, surface renewal insights, streamline requoting, and proactively engage clients, leading to stronger retention, increased revenue, and a better client experience. '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.' For the remainder of 2025, Quandri plans to hire more than 40 people. The company is also expanding its Vancouver HQ with a new 15,000-square-foot office and opening a Boston office to serve a growing U.S. customer base. About Quandri Founded in 2021, Quandri is an AI-enabled servicing platform transforming how North America's insurance brokerages and agencies get work done. Named as one of LinkedIn's 2024 Top Startups, Quandri's Renewal Intelligence Platform enables brokers and agents to streamline tasks, identify actionable policy insights, and provide end clients with an exceptional renewal experience. For additional information, visit
