Over the next decade, half of all independent insurance agency owners will retire. For most, the path forward isn't clear. Sell to a large corporate consolidator that prioritizes profitability over relationships, or stay independent and struggle without access to capital, technology, or operational resources to compete. The independent insurance market is massive but fragmented. These agencies collectively control hundreds of billions in premiums, yet most operate on outdated technology built on closed data models and shallow APIs that make meaningful automation nearly impossible.

This is the structural opportunity that drew us to Equal Parts, and we're thrilled to announce that Inspired Capital led their $23M Series A. Equal Parts is building the operating platform that allows independent agencies to scale without sacrificing the autonomy and client-focused values that define them.

Equal Parts offers a third way. The company acquires independent agencies and equips them with a proprietary operating system purpose-built to standardize workflows, automate back-office operations, and compound operational leverage at scale. Unlike legacy platforms, Equal Parts' technology ingests acquisitions seamlessly and handles everything from policy administration to compliance, freeing agency owners to focus on what they do best: building client relationships and driving growth.

We have been looking to invest in a company with this strategy for some time and were thrilled to find Equal Parts. Equal Parts is led by Mike Witte, the former co-founder and President of Workrise, which he scaled to hundreds of millions in revenue. We got to know Mike over the course of several months and were deeply impressed by how quickly he was learning the insurance market and his clearly defined views on how to create and unlock tremendous value with Equal Parts. The aging insurance agency workforce, combined with the AI tailwinds make now the perfect time for Equal Parts. Mike and his co-founders, Mike Meller and Graham Yennie, bring a rare combination of company building experience to the team, with Meller having built technology driven networks in relationship driven industries and Yennie bringing deep expertise in data science and machine learning to transform how independent insurance agencies operate.

Since it launched officially in March 2025, Equal Parts has increased revenue growth for its acquired agencies by nearly 40% and delivered bottom-line improvement by almost 50%. The company has set ambitious targets: acquire 25 top-tier agencies this year and become the fastest company to reach $1 billion in premiums within the next 24 months. Recent acquisitions include Strategic Insurance in New Mexico and the Austin-based agency Assurely.

What makes Equal Parts' approach work is the balance between technology and human relationships. The platform handles operational complexity in the background—from policy administration to compliance—while preserving the autonomy and culture that agency owners have spent decades building. For owners facing retirement without succession plans, these aren't just financial transactions. They're partnerships that allow them to exit on their terms while ensuring their legacies continue in capable hands.

We're excited to partner with Mike Witte, Mike Meller, Graham Yennie, and the entire Equal Parts team as they build the future of independent insurance.

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