Equal Parts Raises $23M to Expand Insurance Platform

The funding will support the company's plans to purchase independent agencies, enhance its proprietary technology, and expand into new regions.

Published on Feb. 11, 2026

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Equal Parts, a US-based insurance platform, has secured $23 million in Series A funding led by Inspired Capital. The funding will be used to scale operations, pursue agency acquisitions, enhance the company's proprietary technology, and expand into new regions. Equal Parts plans to acquire 25 'top-tier agencies' in 2026 and reach $1 billion in premiums within the next 24 months.

Why it matters

The insurance industry is facing a wave of retirements, with half of independent agency owners expected to exit in the next decade. Equal Parts presents itself as an attractive option for these owners, allowing them to exit without sacrificing their agency's culture, autonomy, or client-focused values. The company's operating system is designed to integrate acquisitions, standardize and automate workflows, and handle back-office processes, enabling agency owners to focus on customer relationships and sales.

The details

Equal Parts was founded in March 2025 by Mike Witte, Mike Meller, and Graham Yennie. The company has already completed acquisitions of Strategic Insurance in New Mexico and Austin-based agencies Assurely and Lumen Insurance. Equal Parts claims that the agencies it has acquired have recorded revenue growth of almost 40% and improved bottom-line results by close to 50%.

  • Equal Parts was founded in March 2025.
  • The company plans to acquire 25 'top-tier agencies' in 2026.
  • Equal Parts aims to reach $1 billion in premiums within the next 24 months.

The players

Equal Parts

A US-based insurance platform that provides an operating system for independent agency owners to integrate acquisitions, standardize and automate workflows, and handle back-office processes.

Inspired Capital

The venture capital firm that led the $23 million Series A funding round for Equal Parts.

Mike Witte

Co-founder and CEO of Equal Parts.

Strategic Insurance

An insurance agency acquired by Equal Parts in New Mexico.

Assurely

An Austin-based insurance agency acquired by Equal Parts.

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What they’re saying

“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 of Equal Parts (Life Insurance International)

What’s next

Equal Parts plans to acquire 25 'top-tier agencies' in 2026 and reach $1 billion in premiums within the next 24 months.

The takeaway

Equal Parts' acquisition-focused model provides a solution for independent insurance agency owners looking to exit the industry without compromising their agency's values and culture. The company's technology-driven approach aims to streamline operations and enable agency owners to focus on customer relationships and sales.