QuickFacts, an insurtech startup dedicated to enhancing efficiency in the insurance industry, sequred of an oversubscribed $2 mn funding round led by Sandpiper Ventures, a fund focused on women building ground-breaking technology companies.
This investment positions QuickFacts for a launch in Quebec and the U.S. market, following its recent expansion across the Canadian Western provinces.
The investor group also includes Killick Capital, a private investment firm based in St. John’s and headed by Mark Dobbin; Paul Hill, Canadian technology executive and angel investor; InsurTech NY, a NYC-based fund investing in new products, distribution solutions, and technologies to evolve the insurance industry; Neil Mitchell, former Managing Director at Marsh Canada; Phil Gibson, previous Managing Director for Aviva, and senior executive at Allstate and Travelers US; Don Jacobi, the previous owner of Jacobi Brien Insurance; East Valley Ventures and other angel investors.
This blend of Venture Capital and Angel investors offers outstanding support throughout all of QuickFacts’ business functions, aiding the company in reaching significant milestones.
Co-founded by Christy Barsalou (President & CEO) and Jeff Barsalou (CRO) in late 2020, QuickFacts offers a platform that consolidates insurance carrier information into a user-friendly, searchable database.
Their software facilitates side-by-side underwriting comparisons and streamlines brokerage workflows, reducing underwriting calls by up to 50% and saving users up to 2 hours per day.
In 2024 alone, brokers using QuickFacts have collectively saved an estimated 228,306 hours to be repurposed towards growing the business and better servicing customers.
QuickFacts has experienced rapid growth, tripling its number of active users in just over a year to reach 100 brokerage clients and 2,500 users. This growth has enabled QuickFacts to forge larger partnerships within the brokerage industry.
With 19 current employees, this raise will give QuickFacts the capacity to grow its team, with plans to hire four additional staff this year.
These team additions will help QuickFacts complete its Canadian expansion, break into the U.S. market, facilitate the addition of new Commercial and Agricultural product lines, and explore possibilities with its vendor and carrier partners.
by Peter Sonner
