QuickFacts, a Halifax, Canada-based insurtech startup dedicated to boosting efficiency in the insurance industry, has closed an oversubscribed $2 million funding round.
Investors
The funding round was led by Sandpiper Ventures, with participation from Killick Capital, InsurTech NY, Paul Hill, Neil Mitchell, Phil Gibson, Don Jacobi, East Valley Ventures, and other prominent angel investors.
Founded in 2020, Sandpiper Ventures is a venture capital firm based in Halifax, Canada. The firm invests in women-led, groundbreaking technology companies as a strategic and profitable decision. Sandpiper Ventures focuses on seed-stage investments and provides a platform for women investors and founders to impact the venture capital landscape significantly.
QuickFacts Use of Funds
The investment will support its launch into the Quebec and U.S. markets, following its recent expansion into Canada's Western provinces. The company also plans to expand its team by adding four new staff members this year.
About QuickFacts
Founded by Christy Barsalou and Jeff Barsalou in late 2020, QuickFacts is a software compant that offers an innovative platform that consolidates insurance carrier information into a user-friendly, searchable database. The software enables side-by-side underwriting comparisons and streamlines brokerage workflows, reducing underwriting calls and saving users up to 2 hours/day. QuickFacts's user base has 100 brokerage clients and 2,500 users.
Funding Details
Company: QuickFacts, Inc.
Raised: $2.0M
Round: Unknown
Funding Date: August 2024
Lead Investor: Sandpiper Ventures
Additional Investors: Killick Capital, InsurTech NY, Paul Hill, Neil Mitchell, Phil Gibson, Don Jacobi, East Valley Ventures
Company Website: https://www.quickfactsinc.com/
Software Category: Underwriting Comparisons and Workflows
Source: https://www.quickfactsinc.com/news/2024-funding-round-close/