Equal Parts Raises $23 Million to Enhance Independent Insurance Agencies
Equal Parts, a U.S.-based insurance platform, has successfully raised $23 million in a Series A funding round to expand its operations and acquire independent agencies. Led by Inspired Capital, with additional backing from Equal Ventures, Max Ventures, and Genius Ventures, this investment aims to bolster Equal Parts' strategic initiatives. These include acquiring independent agencies, advancing proprietary technology, and expanding into new geographic markets to enhance their position in the insurance industry.
This infusion of capital increases the company’s total acquisition capital to $50 million. Part of their strategic plan involves acquiring 25 leading agencies by 2026, targeting $1 billion in generated premiums over the next two years. Equal Parts aspires to become a preferred partner and operating platform for independent agency owners, facilitating exits while preserving cultural integrity and client-centered values, crucial elements in today's regulatory compliance requirements.
Strategic Growth and Vision
Co-founder and CEO Mike Witte stressed the importance of the funding in aiding independent agencies during ownership transitions without compromising their legacy. He noted, "Half the industry is retiring in the next decade. We allow owners to exit without sacrificing their agency’s culture, autonomy, or client-focused values." Founded in March 2025 by Witte, Mike Meller, and Graham Yennie, Equal Parts has seen marked growth, with acquired agencies reporting nearly 40% revenue growth and a 50% improvement in bottom-line results.
Acquisitions and Technological Integration
Equal Parts is positioning itself as a strategic option for independent agencies weighing whether to sell to large corporate entities or try to expand independently without external financial and technological support. Their operational framework aims to streamline acquisitions and automate workflows, allowing agency owners to concentrate on client relationships and sales, while managing intricate regulatory compliance standards.
Recent strategic acquisitions include Strategic Insurance in New Mexico and Austin-based firms Assurely and Lumen Insurance. These moves significantly enhance the company’s expansion strategy, integrating cutting-edge technology with traditional agency practices, ultimately optimizing claims processing and risk management within the insurance ecosystem.