Quandri, a Vancouver-based AI automation company serving the insurance industry, has raised US$12 million in a new funding round aimed at accelerating its growth across North America. The round was led by Framework Venture Partners, with participation from Intact Ventures—the venture arm of one of the continent’s largest property and casualty insurers—as well as existing investors Fuse and Defined Capital.

Founded in 2021 by brothers Jackson and Jamieson Fregeau, Quandri has developed an AI platform that automates routine servicing work for insurance brokerages and agencies. Since its last raise in 2023, the company has grown its customer base to more than 100 brokerages and agencies in Canada and the U.S., increased its headcount fivefold to 75 employees, and achieved a 15-fold increase in revenue.

With the fresh injection of capital, Quandri plans to deepen its engineering and AI capabilities, scale its go-to-market efforts, and expand its presence on both sides of the border. That includes opening a new 15,000-square-foot office in Vancouver—where the company is headquartered—and establishing an office in Boston to support its expanding U.S. client base.

“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 AI tools are designed to improve efficiency and client engagement for brokerages, with features like automated policy checking and requoting. Major clients include Western Financial Group, Brokerlink, and HomeServices Insurance Inc.

“Quandri is solving the right problems for our business,” said Chris Rosati, president and CEO of HomeServices Insurance Inc. “Their AI platform has helped us operate more efficiently, improve how we engage clients, and focus our teams on higher-value work.”

The round marks a vote of confidence from both new and returning investors. “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,” said Justin Smith-Lorenzetti, head of investments at Intact Ventures.

CEO Jackson Fregeau called the backing from Framework and Intact a sign of growing 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,” he said.

Quandri plans to hire more than 40 additional employees by the end of 2025, reinforcing its position as a growing player in Vancouver’s tech ecosystem and a rising force in the insurtech sector.