Industry Newsworkflow automationinsurance techagency consolidation
Equal Parts Raises $23M To Modernize Agencies
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Equal Parts, founded by CEO Mike Witte, announced a $23 million Series A led by Inspired Capital to acquire independent insurance agencies and modernize their operations. Since its March founding, acquired agencies have reported nearly 40% revenue growth and almost 50% bottom-line improvement; the company plans to buy 25 agencies this year and target $1 billion in premiums within 24 months. Equal Parts focuses on connecting fragmented systems and preserving agency culture.
Scoring Rationale
Solid Series A and growth metrics drive relevance, but industry-specific focus limits broader AI/ML impact.
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