Equal Parts Secures $23 Million to Transform Insurance Agency Operations
Investment to Boost Platform Expansion and Support Aggressive Growth Targets
Equal Parts, an insurance industry leader based in Austin, Texas, has secured $23 million in Series A funding, predominantly led by Inspired Capital. This significant investment aims to propel the company's strategic initiatives to acquire independent insurance agencies, enhance their capabilities with AI-driven tools, and target $1 billion in premiums by 2028. The funding is a testament to Equal Parts' commitment to technological advancement and operational efficiency.
Since its establishment in March 2025, Equal Parts has reported remarkable revenue growth and increased profitability for its acquired agencies, achieving a 40% surge in revenue and a nearly 50% enhancement in profit margins. Part of their aggressive expansion strategy includes acquiring 25 prominent agencies within this year alone.
Mike Witte, Co-founder and CEO of Equal Parts, emphasized the transformative potential of this funding, stating, "This enables us to offer the operating platform essential for agency owners to transition smoothly while preserving their cultural and client-focused values. Our approach blends cutting-edge technology with traditional practices, ensuring a harmonious balance between innovation and legacy."
The insurance industry often presents independent agency owners with challenging decisions, particularly regarding regulatory compliance requirements when exiting. They typically face selling to larger corporations focused on profitability or remaining independent without access to critical resources and technology. Equal Parts offers a unique alternative, promoting independence while leveraging shared infrastructure and advanced automation tools to enhance growth and operational efficiency.
Unlike traditional agency management systems constrained by restrictive data models, Equal Parts utilizes a proprietary operating system. This advanced system is designed for seamless integration of acquisitions, streamlining workflow automation, and allowing agency owners to concentrate on client interactions and business development without distractions.
Mark Batsiyan, General Partner of Inspired Capital, remarked on the funding, "Equal Parts is pioneering a new frontier for independent insurance agencies often overlooked by larger financial carriers. By merging human interaction with bespoke technology, they are modernizing the industry for long-term growth and sustainability."
Beyond Inspired Capital's leadership, the funding round saw participation from notable investors like Equal Ventures, Max Ventures, and Genius Ventures, among others. Recent acquisitions by Equal Parts include Strategic Insurance in New Mexico and Assurely and Lumen Insurance in Austin.
Equal Parts' innovative strategy combines cutting-edge technology, financial capital, and operational expertise to empower independent insurance agencies, driving growth while upholding community-centric values. For more information, please reach out to press@equalparts.ai.