Quandri raises $2 Million CAD to automate insurance industry's repetitive tasks

Quandri, a startup focused on automating repetitive tasks for the insurance industry, has successfully raised $2 million CAD in seed funding. This funding round was led by Aviso Ventures, Good News Ventures, and N49P Ventures, with additional support from undisclosed investors.

Founded in early 2021 by brothers Jackson and Jamieson Fregeau, Quandri has developed bots to automate manual tasks in the transaction-intensive insurance sector, saving firms thousands of hours in lost productivity. The new capital will be used to expand their team and launch three new bots this fall.

CEO Jackson Fregeau highlighted the company’s significant growth since increasing investment in sales and marketing, with expectations to generate ten times their annual recurring revenue compared to 2021. The demand for their services has surged as the insurance industry adapts to digitization and the need for cost-effective, efficient operations amidst a tight labor market.

Alex Norman, co-founder and managing partner of N49P Ventures, emphasized the transformative impact of Quandri’s technology on the insurance sector, allowing brokers to focus on revenue-generating activities.

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