Halifax-based start-up QuickFacts has raised $1.13m in its newest funding spherical, beating its preliminary objective of $500,000.

The agency goals to make use of this capital to help its development and growth throughout Canada.

Sandpiper Ventures, a fund centered on women-led groundbreaking know-how firms, led the spherical.

As well as, the buyers included Killick Capital, ex-Carta CEO Paul Hill, former supervisor director at Marsh Canada Neil Mitchell, in addition to each Girls’s Fairness Lab Toronto and Vancouver.

Founding and funding

Based by president and CEO Christy Silvestri and CRO Jeff Barsalou, QuickFacts aggregates insurance coverage service underwriting info for brokerages right into a single searchable database that compares service info.

In accordance with the corporate, an ordinary brokerage of 25 customers saves a mean of $140,000 a 12 months in wasted productiveness, or two full-time brokers, utilizing QuickFacts. At the moment, it has over 30 brokerages and 800 lively brokers utilizing the software program.

Moreover, the funding permits the insurtech to develop its buyer base to the remaining provinces throughout Canada.

Additionally, the corporate is making connections within the US and UK forward of potential development in 2024.

“As a dealer for 17 years, I spent a lot time answering underwriting questions for my staff that I couldn’t carry out my administration duties,” commented Christy Silvestri, president & CEO. “So we went and constructed the software program I needed as a dealer and supervisor. We’re drastically bettering the morale of brokers by empowering them with the short solutions they want. The business is seeing a scarcity of skilled brokers and a shift to distant work, so QuickFacts is making it a lot simpler for brokers to entry underwriting data.”

“We’re extraordinarily pleased with launching in Alberta, our first Western Canada province, on the prestigious IBAA Conference,” states Jeff Barsalou, CRO. “The occasion allowed us to attach with brokerage house owners, service decision-makers, insurtech firms, and associations for potential partnerships. There was overwhelming enthusiasm and constructive reception for the software program, and we’ve already begun activating in Western brokerages.”