Toronto’s Framework Venture Partners led the round for the Vancouver-based startup, with participation from the venture arm of Montreal-headquartered Intact Financial, and returning investors Fuse and Defined. (The Logic)

Talking point: Insurance brokerages in the U.S. and Canada use Quandri’s software to automatically review policies that are up for renewal and identify opportunities to expand contracts. The startup will use the new funding to open a new Boston office as it expands in both countries, increase its sales and marketing efforts, and further develop its technology. Quandri also plans to add another 40 staff this year to its current workforce of 75 employees. The firm previously raised a US$8.5 million Series A in June 2023.