Equal Parts Launches With $10m To Revolutionize Independent Insurance Through Ai And Human Connection

In a bold move to reimagine nan early of independent insurance, Equal Parts has officially launched pinch $10 cardinal successful acquisition capital, backed by Equal Ventures and Max Ventures. The Austin-based startup is not your emblematic security subordinate — it’s a next-generation agency connected a ngo to blend cutting-edge artificial intelligence pinch nan powerful quality relationships that person agelong defined nan security industry.

A Human-Centered Tech Revolution

Equal Parts is taking a refreshing stance successful an manufacture plagued by consolidation and integer fatigue. Instead of replacing quality agents pinch chatbots aliases afloat automated workflows, nan institution is enhancing nan quality touch pinch AI-powered infrastructure that tackles nan behind-the-scenes drudgery.

Think little astir automation for automation's sake, and much astir devices that amplify agents’ capabilities: auto-generating quotes, intelligently managing consequence portfolios, and surfacing actionable insights for cross-sell and upsell opportunities — each without compromising nan individual relationships that clients worth most.

“At Equal Parts, we judge nan early of security is adjacent parts invention and relationships, adjacent parts exertion and tradition,” said Mike Witte, CEO and co-founder. “The victor successful this abstraction will beryllium nan 1 that takes some of those parts to nan utmost — and we’re present to do precisely that.”

Witte is nary alien to scaling service-driven businesses. He antecedently co-founded Workrise (formerly RigUp), transforming it into a $2.9 cardinal power services platform. Now, he’s applying that aforesaid playbook to security — starting pinch mini but mighty independent agencies.

Why This Matters Now

The timing couldn’t beryllium much urgent. The independent security assemblage is connected nan brink of a monolithic generational turnover — pinch 50% of agents expected to discontinue wrong nan adjacent decade, and less young professionals entering nan field. At nan aforesaid time, galore agencies are burdened by fragmented software, manual processes, and outdated systems that stifle growth.

Enter Equal Parts.

The institution intends to get agencies pinch nether $5 cardinal successful gross — a conception often overlooked by accepted backstage equity — and infuse them pinch instrumentality learning devices that grip repetitive tasks for illustration archive processing, customer onboarding, and claims management.

By automating nan grunt work, agents are free to attraction connected what matters: customer service, strategical advising, and relationship-building.

Who’s Behind Equal Parts?

The founding squad brings heavy method and operational expertise:

• Mike Witte, CEO, antecedently scaled Workrise into a multibillion-dollar platform.

• Mike Meller, Head of Operations, led Workrise’s acquisition strategy and brings a crisp oculus for maturation done M&A.

• Graham Yennie, Head of Technology, specializes successful applied instrumentality learning, building AI solutions that lick real-world business problems alternatively than pursuit buzzwords.

Yennie and his squad are focused connected deploying intelligent systems that enactment arsenic a unit multiplier — not a replacement — for quality expertise. Their tech stack includes natural connection processing (NLP) for knowing customer communications, predictive analytics for customer retention, and AI-assisted CRM devices that streamline analyzable workflows.

The Equal Parts Approach: Different by Design

Where astir backstage equity firms spot security agencies arsenic cost-cutting opportunities, Equal Parts sees imaginable for maturation done empowerment. Their exemplary doesn’t conscionable sphere nan civilization of these agencies — it modernizes it, pinch a people-first mindset.

“Our exertion doesn’t switch nan quality element,” said Meller. “It enhances it by removing nan administrative load that truthful often prevents mini business owners from prioritizing client-focused work.”

The institution has already closed its first acquisition, pinch respective much connected way complete nan adjacent 90 days. This marks nan opening of what they telephone a caller era of people-centric, AI-enhanced insurance.

Building a Better Ecosystem, One Agency astatine a Time

Equal Parts is much than conscionable a roll-up strategy — it's a movement. With each acquisition, nan institution brings agencies into a collaborative level wherever they clasp autonomy while gaining entree to devices that supercharge their business.

Agents get a spot astatine nan table. Clients get amended service. And nan full manufacture gets a much-needed upgrade.

The company’s broader goal? To usher successful a caller procreation of tech-savvy security professionals who don’t person to take betwixt invention and empathy.