QuickFacts Raises $2M to Accelerate Software Expansion Across North America
HALIFAX, NS – August 15, 2024 - QuickFacts, an insurtech startup dedicated to enhancing efficiency in the insurance industry, is pleased to announce the successful closure of an oversubscribed $2 million funding round. This investment positions QuickFacts for a successful launch in Quebec and the U.S. market, following its recent expansion across the Canadian Western provinces. This financing round was led by Sandpiper Ventures, a fund focused on women building ground-breaking technology companies. 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.
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