Equal Parts Secures $23 Million to Transform Independent Insurance Agencies
Equal Parts, an InsurTech platform specializing in the transformation of independent insurance agencies through AI-driven strategies, has secured $23 million in new funding to facilitate its rapid scaling across the United States. This Series A funding round was led by Inspired Capital and included participation from Equal Ventures, Max Ventures, Genius Ventures, and other lending partners.
This capital is earmarked to enhance Equal Parts' expansion efforts in the industry, fortifying its technology-centric operational framework. Established in March 2025, Equal Parts strategically acquires insurance agencies, integrating them into a cohesive operational platform that supports growth while preserving unique agency cultures and client relationships. The company is positioned as a strategic acquisition partner and a foundational operational support system for agency owners facing complex regulatory compliance requirements.
Equal Parts has developed a proprietary operating system to streamline acquisitions, standardize workflows, and automate administrative processes. By integrating traditional insurance practices with AI-enhanced tools, the platform empowers agency owners to concentrate on client service, sales, and business expansion. This AI-driven approach addresses the industry's underwriting and risk management challenges, providing a competitive edge.
The newly secured funds will expedite the acquisition of independent agencies and advance the platform’s AI functionalities. Equal Parts aims to expand the reach of acquired agencies, enhance operational efficiency, and optimize financial performance. Since its inception, the company reports a 40% increase in revenue growth and a 50% improvement in profitability for its portfolio agencies. Their growth trajectory includes acquiring 25 leading agencies within the year, with an ambitious target of $1 billion in premiums over the next two years.
Building a Legacy Through Innovation
Founded by industry veterans Mike Witte, Mike Meller, and Graham Yennie, Equal Parts offers an innovative path for agency owners. This model bridges the gap between selling to larger corporate buyers and maintaining independence, addressing challenges in capital and technology access. The co-founders bring deep expertise in scaling service-oriented enterprises and crafting AI systems poised for digital transformation, positioning the company as a game-changer in the insurance sector.
Equal Parts CEO Mike Witte states, “This funding enables us to expand our influence as the essential operating platform for independent agency owners. We provide a pathway for owners to exit without losing their agency's culture, autonomy, or client-focused values, blending technology with tradition.”
Inspired Capital's General Partner, Mark Batsiyan, highlights Equal Parts' role in revolutionizing the independent insurance market, where smaller agencies are often overlooked. He expressed confidence in Equal Parts' ability to consolidate and modernize this sector, merging relationship-building with AI technology insights. To date, including the recent Series A funding, Equal Parts has raised a total of $50 million dedicated to acquisitions, encompassing Strategic Insurance in New Mexico and Austin-based firms Assurely and Lumen Insurance.