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Overview
Equal Parts buys small independent insurance agencies and unifies them on a proprietary AI-powered platform. The system automates administrative tasks and supports agents with tools for quotes, risk management, onboarding, and claims, using natural language processing and predictive analytics. It differentiates itself by augmenting the agent–client relationship rather than replacing humans, applying a proven playbook from the energy services sector to scale through acquisition and consolidation. Its goal is to modernize the insurance distribution model to handle a coming wave of agent retirements and to maintain strong client service through technology-enabled workflows.
About Equal Parts
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$33M
Headquarters
Austin, Texas
Founded
2024
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Simplify's Take
What believers are saying
- On February 10, 2026, Inspired Capital led Equal Parts' $23 million Series A.
- Management targets 25 acquisitions in 2026 and $1 billion in premiums within 24 months.
- Startup-intros reported ~40% revenue growth and ~50% bottom-line improvement across platform agencies.
What critics are saying
- Equal Parts must integrate six acquired agencies by August 2026 without losing producers or clients.
- Acrisure, BroadStreet Partners, and PCF Insurance Services squeeze margins and bidding discipline.
- If AI workflows fail, Equal Parts becomes a capital-hungry roll-up with no durable moat.
What makes Equal Parts unique
- Founded by Mike Witte, Mike Meller, and Graham Yennie, Equal Parts sells agency-operating integration, not software alone.
- Equal Parts combines acquisitions with an AI back office, keeping local brands and relationships intact.
- The firm targets sub-$5 million agencies, a fragmented niche ignored by bigger broker roll-ups.
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Funding
Total Funding
$33M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
Life Insurance
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 10%2 year growth
↓ -4%Texas' Equal Parts raises $23M to support acquisition strategy. February 11, 2026 Equal Parts, an Austin, Texas-based insurance agency startup, announced it has raised $23M in Series A funding led by Inspired Capital. The investment will accelerate the company's acquisition strategy and further develop AI tools that extend the reach and impact of independent agencies. The company plans to acquire 25 agencies this year and reach $1B in premiums within 24 months. The Series A round, with participation from Equal Ventures, Max Ventures, Genius Ventures and lending partners, brings Equal Parts' total acquisition capital to $50M. Recent acquisitions include Strategic Insurance in New Mexico and Austin-based Assurely and Lumen Insurance. Was this article valuable? Interested in funding? Get automatic alerts for this topic.
Equal Parts, an insurance platform focused on transforming independent agencies, today announced it has raised $23M in Series A funding led by Inspired Capit...
Equal Parts, a company acquiring insurance agencies and migrating them to a proprietary operating system, has raised $23 million in Series A funding, CEO Mike Witte tells Axios. The fundraising comes as the insurance agency sector faces significant consolidation, with half of agency principals expecting major ownership changes within the next decade, according to Liberty Mutual research. The startup's rollup strategy targets the fragmented insurance agency market by centralising operations through its in-house technology platform.
Equal Parts acquires Blue Star Insurance, its 2nd New Mexico deal in 30 days, expanding its tech-enabled platform for independent agencies.
Equal Parts acquires Strategic Insurance, expanding its AI-driven platform for independent agencies.
Equal Parts is Hiring for 2 Jobs on Simplify!
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About Equal Parts
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Series A
Total Funding
$33M
Headquarters
Austin, Texas
Founded
2024
Equal Parts is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today