Equal Parts, an InsurTech platform focused on transforming independent insurance agencies through acquisition and technology, has raised $23m in fresh funding as it looks to scale rapidly across the US market.
The Series A round was led by Inspired Capital, with participation from Equal Ventures, Max Ventures, Genius Ventures and a group of lending partners.
The funding will support the company’s efforts to expand its footprint among independent agencies and strengthen its technology-driven operating model.
Founded in March 2025, Equal Parts acquires independent insurance agencies and integrates them into a shared operating platform designed to support growth while preserving agency culture and client relationships. The company positions itself as both an acquisition partner and an operational backbone for agency owners navigating succession and scale.
The business operates through a proprietary operating system built to ingest acquisitions, standardise workflows and automate back-office processes. By combining traditional relationship-based insurance practices with AI-powered tools, the platform aims to give agency owners more time to focus on clients, sales and expansion.
The newly raised capital will be used to accelerate the acquisition of independent agencies and to further develop the platform’s AI capabilities. Equal Parts said these investments are intended to extend the reach of its acquired agencies, increase operational efficiency and deliver stronger financial performance.
Since launch, the company said it has increased revenue growth for its acquired agencies by nearly 40% and delivered bottom-line improvements of almost 50%. Equal Parts has set bold growth targets, including acquiring 25 top-tier agencies this year and becoming the fastest insurance business to reach $1bn in premiums within the next 24 months.
Equal Parts was founded by Mike Witte, Mike Meller and Graham Yennie, a team with experience in scaling service-based businesses through acquisition and building AI platforms for digital transformation. The company argues its model offers a third option for agency owners who have traditionally faced a choice between selling to large corporate buyers or remaining independent with limited access to capital and technology.
Equal Parts CEO Mike Witte said, “This funding allows us to expand our reach as the operating platform independent agency owners need and the acquisition partner they deserve. 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. Instead, we carry their legacies forward in a new way, with equal parts technology and tradition.”
Inspired Capital general partner Mark Batsiyan said, “Equal Parts represents a changing of the guard in independent insurance, where subscale agencies are often overlooked or undervalued by private equity. We believe the company’s blend of human relationships and custom-built technology will unify and modernise an industry that desperately needs it to survive and thrive well into the future.”
Including this latest round, Equal Parts has now raised $50m in total acquisition capital. Recent acquisitions cited by the company include Strategic Insurance in New Mexico, as well as Austin-based agencies Assurely and Lumen Insurance.
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