Quandri Raises $16M to Scale AI Insurance Platform North America

Quandri, a Vancouver-based insurtech startup founded in 2021 by brothers Jackson and Jamieson Fregeau, has raised between $12 million USD and $16 million USD in its latest funding round, bringing its total capital raised to over $20 million to $27 million. The round was led by Framework Venture Partners with participation from FUSE, Defined Capital, and Intact Ventures, the corporate venture arm of one of North America's largest property and casualty insurers. Quandri's AI-powered Renewal Intelligence Platform helps insurance brokerages and agencies automate back-office processes, identify actionable policy insights, and enhance client renewal experiences. Since 2023, the company has seen rapid growth, including a 15-fold increase in revenue, expansion to over 100 clients across North America, and a fivefold increase in its workforce to 75 employees. Plans for 2025 include hiring 40 additional staff, expanding its Vancouver headquarters, and opening a new office in Boston to better serve its growing U.S. market. The new funding will be used to accelerate go-to-market efforts, deepen AI and engineering investments, and scale operations in both Canada and the U.S., with investor support highlighting Quandri's potential to modernize a legacy industry.