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.
Topics Mergers & Acquisitions Texas
Was this article valuable?
Here are more articles you may enjoy.
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates 
Study: AI May Be Tempering Insurer Hiring 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say 
