Intact Private Capital

We have an exciting announcement to share today: Quandri has secured another financing round of $12 million USD. Existing investors such as FUSE and Defined have doubled down, and we’ve added great new partners in Framework Venture Partners, who led the round, and Intact Ventures, who brings a deep insurance background to the table, accelerating our learning and ability to serve the industry better. We’ve come a long way since Jamieson Fregeau and I first started the business in early 2021. Back then, we didn’t know what an endorsement was and didn’t wake up in the middle of the night thinking about how to manage constant underwriting changes. We definitely had no idea the rollercoaster we’d be getting on by choosing to build technology in this incredible industry that is insurance. Since then, we’ve built something special: Quandri operates in two countries, has built a team of 85 incredibly dedicated employees, works with over 100 of the best brokerages and agencies in North America, and has raised over USD $20M in venture capital from amazing investors. Most importantly, we’re delivering real results for brokers and agents. We’re driving innovation and productivity to clients who sorely need it. We’ve had an amazing client base since day one, who believed in our vision of what the industry could be, and still do. To all of those great people, and our incredible team, thank you. You’re the ones who made this happen and continue to push us forward. While it’s been an exciting ride so far, the best parts are still to come. This fundraise will mobilize critical priorities over the coming months: ▪️ Ensuring we can hire the right people and build the necessary systems to deliver a high-quality product and service experience at scale. Quandri has grown 15X since our last fundraise, and we have no intention of slowing down. ▪️ Going deeper on delivering results and driving meaningful change for brokerages and agencies. This is what we strive to do every day. ▪️ Bridging the gap between artificial intelligence and insurance servicing work. Quandri is making AI work in real, complex, scaled problems in insurance distribution. Technology at its best should transform how you work and deliver significant, measurable results to your top and bottom line. It’s a complex problem that demands innovative thinking and real effort. We’re going deeper, because the end of the rainbow is worth it. We see a future where AI and humans work in lockstep to deliver a trusted and delightful servicing experience to every consumer in the insurance ecosystem. We’re a long way from that today, but this is a step in the right direction. Come join us. https://hubs.ly/Q03xmQDc0

I'm thrilled to announce that Pine has surpassed $1 billion in mortgages under administration! When we launched Pine in 2023, our goal was simple: to use technology to help Canadians own homes with less friction and more transparency. We're also proud to launch a suite of AI tools, with a new look that makes the entire homeownership journey, from search to close, simpler and smarter. A huge thank you to our team, our partners, and the thousands who trust us with the biggest financial decisions of their lives. We're building the future of AI-enabled real estate, and this is just the beginning!