The round was led by Framework Venture Partners, with renewed backing from FUSE and Defined Capital, and a new investment from Intact Ventures, the venture capital arm of one of North America’s largest property and casualty insurers.
The new capital will support Quandri’s continued expansion across Canada and the United States, with the company planning to accelerate its go-to-market strategy, boost investment in AI and engineering, and grow its team. As part of its scaling efforts, Quandri is opening a new office in Boston to better serve its U.S. client base and expanding its Vancouver headquarters with a 15,000-square-foot space.
Quandri’s Renewal Intelligence Platform is designed to automate and streamline the traditionally manual policy renewal process for insurance brokerages. The software helps teams conduct policy reviews, identify actionable renewal insights, automate requoting, and improve client engagement—leading to stronger retention, better customer experiences, and increased revenue. Since its last funding round in 2023, Quandri has seen its revenue grow by 15x, expanded to over 100 customers, and grown its headcount to 75 full-time employees. Key clients include BrokerLink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners.
Ajay Gopal, Partner at Framework Venture Partners, said, “Quandri is solving a massive pain point in a legacy industry, and they’re doing it with a deep product focus and clear ROI. 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.”
Justin Smith-Lorenzetti, Head of Investments at Intact Ventures, added, “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. 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.”
Chris Rosati, President and CEO at HomeServices Insurance Inc., commented, “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, CEO and co-founder of Quandri, said, “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. 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.”
Quandri plans to hire over 40 additional employees by the end of 2025, further enhancing its capabilities as it continues to develop AI-driven solutions that modernize the insurance industry’s infrastructure and operations.
