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Quandri has raised $12 million to enhance its AI platform for insurance brokerages, led by Framework Venture Partners and Intact Ventures.
Quandri has raised $12 million to scale its AI automation platform for insurance agencies across North America, announced in a press release. The funding round was led by Framework Venture Partners, with participation from Intact Ventures, and returning investors Fuse and Defined Capital.
Since its last funding round in 2023, Quandri has significantly increased its revenue and expanded its customer base to over 100 agencies and brokerages in Canada and the U.S. The company has also grown its workforce to 75 full-time employees. Notable clients include Brokerlink, Western Financial Group, HomeServices Insurance Inc., and BlueRidge Risk Partners.
The new funds will be used to accelerate Quandri's go-to-market efforts, enhance engineering and AI investments, and expand operations in both Canada and the U.S. The company plans to hire over 40 new employees and open a new office in Boston to support its growing U.S. customer base.
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