AI startup Quandri raises $12M to scale automation for insurance agencies and brokers across North America

Insurance agencies have been drowning in repetitive servicing work for years. Vancouver-based Quandri saw the mess and built a platform that lets brokers automate it, starting with renewals. That simple but high-impact idea has now caught the attention of serious backers.

The AI startup just raised $12 million in fresh funding, bringing its total to over $20 million since it launched in 2021. Framework Venture Partners led the round, with follow-on support from existing investors FUSE and Defined Capital. Intact Ventures, the investment arm of one of North America’s biggest property and casualty insurers, also joined in.

With $12M in New Funding, Quandri Expands AI-Driven Renewal Automation for Insurance Brokers

Quandri is using the fresh capital infusion to ramp up sales, grow its engineering and AI teams, and expand on both sides of the border. The company is also planning to open a Boston office and has secured a 15,000-square-foot space to grow its headquarters in Vancouver, Quandri said in a news release.

Started by brothers Jackson and Jamieson Fregeau, Quandri didn’t initially zero in on insurance. The original plan was to tackle repetitive tasks across industries. But it didn’t take long before the team found the sweet spot: the bloated and outdated renewal processes bogging down brokerages. That shift has fueled serious momentum.

Since its last funding round in 2023, Quandri has grown its revenue by 15x and now works with over 100 agencies and brokerages across Canada and the U.S. Headcount has jumped to 75 full-time employees. The company has also rolled out new product features like Policy Checking, Policy Requoting, and Connect, tools brokerages are now using to automate policy reviews, flag renewal insights, and handle client engagement more efficiently.

“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,” added 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’s traction hasn’t gone unnoticed by the agencies using it, either. Chris Rosati, President and CEO at HomeServices Insurance Inc., said, “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.”

Jackson Fregeau, the company’s CEO, said that having new investors like Framework and Intact on board gives them both resources and confidence. “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,” he said. “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.”

LinkedIn named Quandri one of its Top Startups last year. The company’s Renewal Intelligence Platform is now helping brokers and agents identify policy insights and streamline tasks, all while aiming to deliver a smoother renewal experience for clients.