Source: 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.
“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.”
“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.”
Read the full article: https://www.businesswire.com/news/home/20250716833650/en/Quandri-Raises-US%2412M-to-Scale-AI-Automation-for-Insurance-Agencies-Across-North-America
