Texas’ Equal Parts Raises $23M to Support Acquisition Strategy

Equal Parts, an Austin, Texas-based insurance agency startup, announced it has raised $23M in Series A funding led by Inspired Capital. The investment will accelerate the company’s acquisition strategy and further develop AI tools that extend the reach and impact of independent agencies.

The company plans to acquire 25 agencies this year and reach $1B in premiums within 24 months.

The Series A round, with participation from Equal Ventures, Max Ventures, Genius Ventures and lending partners, brings Equal Parts’ total acquisition capital to $50M. Recent acquisitions include Strategic Insurance in New Mexico and Austin-based Assurely and Lumen Insurance.