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§ Private Profile · Austin, TX, USA
Next-generation insurance agency acquiring independent agencies, providing AI-native tools for policy administration and compliance.
Based in Austin, Texas, Equal Parts operates a next-generation insurance platform that acquires independent agencies and equips them with AI-native operational tools for policy administration, compliance, and quoting. The company targets the long-tail market of independent insurance agencies generating under $5 million in revenue, allowing them to scale while maintaining their existing client relationships. The firm has acquired six agencies, including its initial acquisition of Lumen, and plans to purchase an additional 25 agencies over the next year. Equal Parts has secured $33 million in funding, comprising a $10 million seed round backed by Equal Ventures and Max Ventures, followed by a $23 million Series A led by Inspired Capital. The organization aims to manage $1 billion in insurance premiums within five years. Equal Parts was founded in 2025 by Mike Witte, Mike Meller, and Graham Yennie.
Equal Parts has raised $33.0M across 2 funding rounds.
Equal Parts deploys AI tools to ingest data, generate insights, and facilitate AI-backed quoting, aiming to provide faster, smarter coverage. This technology also assists in identifying cross-selling opportunities and minimizing surprises for clients.
Equal Parts deploys AI tools to ingest data, generate insights, and facilitate AI-backed quoting, aiming to provide faster, smarter coverage. This technology also assists in identifying cross-selling opportunities and minimizing surprises for clients.
Equal Parts has raised $33.0M across 2 funding rounds. Most recently, it raised $23.0M Series A in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 10, 2026 | $23M Series A | Inspired Capital | Equal Ventures, Genius Ventures, MAX Ventures | Announced |
| Apr 4, 2025 | $10M Venture Round | Equal Ventures, MAX Ventures | — | Announced |
Equal Parts is an insurance agency that leverages artificial intelligence to enhance the traditional insurance experience. The company integrates world-class human agents with purpose-built AI tools to serve a broad spectrum of clients, ranging from seed-stage startups to large Fortune 500 corporations. This hybrid model is designed to provide a more efficient and effective insurance process for businesses of various sizes.
A core component of Equal Parts' strategy involves deploying AI tools to streamline operations and improve client outcomes. These tools are utilized to ingest vast amounts of data, generate actionable insights, and facilitate AI-backed quoting processes. This technological integration aims to deliver faster, smarter coverage solutions while minimizing unexpected issues for clients, and can also assist with cross-selling opportunities.
Beyond its direct service offerings, Equal Parts actively pursues a growth strategy through the acquisition of established insurance agencies. Upon acquisition, the company empowers these agencies with cutting-edge tools and resources. This strategic approach is intended to enable the acquired entities to scale their operations and enhance their success within a competitive and evolving market.
The organization operates on a foundation of data-driven decision-making. Equal Parts applies a comprehensive knowledge-gathering approach across its people and operational processes. This methodology is designed to systematically uncover new opportunities, optimize existing workflows, and foster continuous improvement throughout the agency's ecosystem.
By combining advanced AI capabilities with deep industry insight and a focus on strategic acquisitions, Equal Parts positions itself to reshape the insurance landscape. Its objective is to provide a superior insurance experience characterized by efficiency, intelligence, and strong client relationships.