Equal Parts, an Austin-based insurance platform focused on transforming independent agencies, has raised $23 million in Series A funding led by Inspired Capital. The company said the round will support expansion of its footprint, continued development of its purpose-built operating system, and progress toward a goal of $1 billion in premiums by 2028.
Founded in March 2025, Equal Parts acquires independent insurance agencies and provides shared infrastructure and AI-driven automation intended to standardize workflows, streamline back-office operations, and increase operating leverage across the network. The company said it has driven nearly 40% revenue growth and almost 50% bottom-line improvement across acquired agencies, and is targeting 25 acquisitions in 2026 while aiming to reach $1 billion in premiums within the next 24 months.
Equal Parts positions itself as an alternative to owners who either sell to larger corporate buyers or attempt to stay independent without the capital and technology needed to scale. The company says its operating system is designed to ingest acquisitions, standardize and automate workflows, and enable agency leaders to focus on client relationships, sales, and growth.
Inspired Capital was joined in the round by Equal Ventures, Max Ventures, Genius Ventures, and lending partners. Equal Parts said the Series A brings its total acquisition capital raised to $50 million. Recent acquisitions cited by the company include Strategic Insurance in New Mexico and Austin-based agencies Assurely and Lumen Insurance.
KEY QUOTES
“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.”
Mike Witte, Co-Founder And CEO, Equal Parts
“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 modernize an industry that desperately needs it to survive and thrive well into the future.”
Mark Batsiyan, General Partner, Inspired Capital
