# Equal Parts

> Equal Parts is an Austin-based insurance company that acquires established independent insurance agencies and equips them with shared infrastructure and AI-driven automation. Founded in March 2025 by Mike Witte, Graham Yennie and Mike Meller, it positions itself as a growth network - preserving each agency's identity and local relationships while standardizing back-office workflows so agents can focus on clients. The company raised a $23M Series A led by Inspired Capital in February 2026 and aims to become a top-5 insurance distributor by acquiring 25 agencies in 2026 and reaching $1B in premiums.

- **Founded:** 2025
- **Headquarters:** Austin, Texas, United States
- **Founders:** Mike Witte (Co-Founder & CEO), Graham Yennie (Co-Founder & CTO), Mike Meller (Co-Founder & COO)
- **Team size:** ~21 employees
- **Products:** Agency Acquisition & Growth Network, AI Automation Platform, Commercial & Personal Insurance Distribution
- **Notable:** Raised $23M Series A led by Inspired Capital (February 2026), reaching roughly $50M in total acquisition capital., Drove nearly 40% revenue growth across acquired agencies since founding., Delivered almost 50% bottom-line improvement across portfolio agencies.

## Products & services

- **Agency Acquisition & Growth Network** — Acquires established independent insurance agencies, providing capital, shared infrastructure and operational support while preserving each agency's brand, culture and local client relationships.
- **AI Automation Platform** — AI tools that ingest data across underwriters, agency management systems, CRMs and intake forms to standardize workflows, automate back-office tasks, and surface insights for cross-selling, upselling, customer acquisition and risk management.
- **Commercial & Personal Insurance Distribution** — Coverage placed through network agencies including General Liability, Professional Liability, Employment Practices Liability, Workers' Compensation, Commercial Auto, Cyber Liability, Directors & Officers, Employee Benefits and Personal Lines.

## Achievements

- Raised $23M Series A led by Inspired Capital (February 2026), reaching roughly $50M in total acquisition capital.
- Drove nearly 40% revenue growth across acquired agencies since founding.
- Delivered almost 50% bottom-line improvement across portfolio agencies.
- Acquired four agencies within its first year - Strategic Insurance, Assurely, Lumen Insurance and D3 Insurance Group.
- Set a public target of 25 agency acquisitions in 2026 and $1B in premiums within 24 months.

## Latest updates

- **2026-02** — Closed $23M Series A led by Inspired Capital to accelerate agency acquisitions and AI tooling.
- **2025-10** — Acquired Strategic Insurance to expand its footprint into New Mexico.
- **2025-04** — Publicly launched as a next-gen independent insurance agency blending human relationships and AI.
- **2025-03** — Founded in Austin by Mike Witte, Graham Yennie and Mike Meller.

## Links

- Website: https://equalparts.ai
- LinkedIn: http://www.linkedin.com/company/equalparts

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Profile page: https://yespress.io/equal-parts
Published by YesPress — https://yespress.io
Last updated: 2026-07-21