Quandri, a Vancouver, B.C.-based startup that offers AI-fueled software for insurance brokerages and agencies, raised $12 million in a new round.
- Quandri focuses on the insurance renewal process, helping agencies automate repetitive tasks and identify relevant insights — cancelation risks, upsell opportunities, etc. It works with more than 100 customers.
- The 85-person company was founded in 2021 by brothers Jackson and Jamieson Fregeau. It has raised $20 million to date and plans to open a second office in Boston.
- Toronto-based firm Framework Venture Partners led the round. Bellevue, Wash.-based firm FUSE also participated alongside Defined Capital and Intact Ventures.
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