Vancouver’s Quandri Secures Seed Capital to Expand Team, Build More Insurtech Bots

Quandri was founded in early 2021 with the concept of deploying digital workers to run companies’ high-volume, repetitive tasks.

Software bots, tailored to customers’ unique processes, can operate error-free at lightning speed and cost up to 50% less than their human counterparts, according to the Vancouver-based startup. With today’s available technologies, there is no reason for people to be performing repetitive tasks in their work, the BC company believes.

One sector in particular where Quandri has found its bots able to help is insurance.

“After working with our first couple of insurance brokers … we realized pretty quickly how massive of a pain point there was for this type of work in the insurance industry,” Quandri cofounder Jackson Fregeau informed BetaKit.

Fregeau added that his company has experienced “insane growth” since narrowing their focus on insurance.

To seize this sizeable opportunity, Quandri has raised $2 million in seed funding, according to BetaKit. The capital hails from California’s Aviso Ventures, Markham-based Good News Ventures, and Toronto’s N49P Ventures. Undisclosed angels also supported the round.

Betakit says that the startup plans to use its fresh capital “to expand its team and add more Python and machine learning engineers, as Quandri looks to launch three new bots this fall.”

The company’s current digital workforce offering includes three bots: eDoc Executive, Renewal Reviewer, and Download Director.

Jackson Fregeau, who studied Finance at the University of Calgary, launched Quandri alongside his brother Jamieson, an electrical engineering graduate from the University of Victoria, at the start of 2021.

Other Canadian insure-tech startups disrupting the space include Apollo Insurance and Goose Insurance, both also out of Vancouver, as well as Toronto’s SureBright.