Quandri, a Vancouver-based insurtech startup, has announced the successful closure of a $12 million funding round, bringing its total capital raised to over $27 million since its inception in 2021. This Series A round was led by Framework Venture Partners, with participation from FUSE, Defined Capital, and a strategic investment from Intact Ventures, the venture arm of one of North America’s largest property and casualty insurance providers.
Revolutionizing Insurance Operations with AI
Founded by brothers Jackson and Jamieson Fregeau, Quandri is at the forefront of automating back-office operations for insurance brokerages and agencies. The company’s flagship product, the Renewal Intelligence Platform, leverages artificial intelligence to streamline policy renewals, document management, and client communications.
Key features of the platform include:
- Renewal Reviewer: Automates the comparison of policies upon renewal to identify coverage gaps and upsell opportunities.
- eDoc Executive: Standardizes document naming conventions to ensure accurate and efficient document management.
- Download Director: Matches unmatched policies and verifies producer commissions, reducing manual data entry.
These AI-powered tools enable insurance professionals to focus on high-value tasks, improving efficiency and client satisfaction.
Accelerated Growth and Expansion Plans
Since its previous funding round in 2023, Quandri has experienced significant growth:
- Revenue has increased 15-fold.
- The client base has expanded to over 100 insurance agencies across North America.
- The team has grown fivefold to 75 full-time employees.
With the new funding, Quandri plans to:
- Open a new 15,000-square-foot office in Vancouver.
- Establish a new office in Boston to better serve its U.S. customer base.
- Hire an additional 40 employees in 2025 to support its expansion efforts.
Industry Recognition and Future Outlook
Quandri’s innovative approach has garnered industry recognition, including being named one of LinkedIn’s Top Canadian Startups and a Techcouver Startup to Watch in 2025. The company’s commitment to transforming the insurance industry through AI automation positions it for continued success and growth.
CEO Jackson Fregeau expressed enthusiasm about the company’s future, stating, “The support from our investors validates the impact we’re making in the insurance industry. With this funding, we’re poised to scale our operations and continue delivering value to our clients.”
