Equal Parts Secures $23 Million Funding to Revolutionize Independent Insurance

Equal Parts, an insurance platform based in Austin, has secured $23 million in a Series A funding round, led by Inspired Capital. This influx of capital aims to support the platform's expansion, enhance its custom-built operating system, and propel Equal Parts toward its ambitious goal of achieving $1 billion in premiums by 2028.

Since launching in March 2025, Equal Parts has been acquiring independent insurance agencies, providing shared resources, and utilizing AI-driven automation for improved operational efficiency. The company reports nearly 40% growth in revenue and a 50% increase in profitability among its acquired agencies. In 2026, Equal Parts plans to purchase 25 additional agencies, driving toward its significant premium targets within the next two years.

Raising Capital for Strategic Growth

The recent funding round, with contributions from Equal Ventures, Max Ventures, Genius Ventures, and several financial institutions, has increased Equal Parts' total acquisition capital to $50 million. Noteworthy acquisitions include New Mexico's Strategic Insurance and two Texas entities, Assurely and Lumen Insurance. Mike Witte, Co-Founder and CEO, commented on the company's mission to provide a supportive operational platform for independent agency owners, underscoring a focus on maintaining agency values during ownership transitions.

Mark Batsiyan, General Partner of Inspired Capital, highlighted the transformative potential of Equal Parts in the independent insurance space. He emphasized the blend of human relationship management and cutting-edge technology as essential tools for advancing an often-underestimated sector.