US-based insurance platform Equal Parts has secured $23m in Series A funding to scale operations and pursue agency acquisitions.

The round was led by Inspired Capital and is intended to support the company’s plans to purchase independent agencies, enhance its proprietary technology and expand into new regions.

Alongside Inspired Capital, the round included participation from Equal Ventures, Max Ventures, Genius Ventures and lending partners.

This brings the total acquisition capital raised by the group to $50m.

Equal Parts’ plans include acquiring 25 “top-tier agencies” in 2026 and reaching $1bn in premiums within the next 24 months.

Equal Parts co-founder and CEO Mike Witte said: “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.”

Founded in March 2025 by Witte, Mike Meller and Graham Yennie, the company said agencies it has already acquired have recorded revenue growth of almost 40%.

It also reported that bottom-line results have improved by close to 50%.

Equal Parts presents itself as an option for independent agency owners that might otherwise sell to large corporate groups or attempt to grow without external funding and technology support.

The company said its operating system was built to integrate acquisitions, standardise and automate workflows, and handle back-office processes so owners can concentrate on customer relationships and sales.

Recent acquisitions completed by the company include Strategic Insurance in New Mexico, as well as Austin-based agencies Assurely and Lumen Insurance.