Latest news with #EqualParts
Time Out
2 days ago
- Entertainment
- Time Out
The best bar in London in 2025, according to Time Out
London is brimming with brilliant bars, and here at Time Out we've been drinking in loads of them in order to find out which one is the very best. After many cocktails and much deliberation, the new number one in our ranking of the best bars in London is Equal Parts in Hackney, which opened in 2023. 'London has been overrun with 'listening bars' in the last couple of years, but few, if any, take such a fastidious approach to their drinks list as this Hackney Road specimen,' reads our glowing review. 'Partly inspired by Edward Hopper's Nighthawks, the decor in the corner bar is similarly atmospheric; all bare plaster walls, dark wood and mid-century furnishings.' At Equal Parts, the cocktail list is divided into two main sections, with short, strong drinks made with equal measures of each ingredient, and a 'signature list' featuring more unique recipes. The bar was opened by Michael Sager of Sager + Wilde fame, and we like it very, very much. Also making the grade in our brand new top 50 is the newly-opened Ellie's in Dalston, which this weekend was the site of Charli xcx's wedding afterparty (after she enjoyed a meal at Dalla, one of our top 50 London restaurants for 2025). Keith Floyd-core Covent Garden wine bar Le Beaujolais also made the cut, as did Peckham rooftop spots Frank's Cafe and Forza Wine. The best bars in London according to Time Out Here are our top 10 drinking spots in the capital right now. Equal Parts, Hackney Scarfes Bar, Holborn Jumbi, Peckham Satan's Whiskers, Bethnal Green Dram Bar, St Giles Ellie's, Dalston Forza Wine, Peckham Rasputin's, Hackney Sweeties, King's Cross Blondies, Clapton
Yahoo
27-06-2025
- Business
- Yahoo
Equal Parts acquires Assurely to expand insurance for start-ups
Equal Parts, a US insurance agency, has acquired Assurely, an Austin, Texas-based insurance operator focused on start-ups and emerging businesses. Assurely, founded by David Carpentier and Ty Sagalow, provides insurance solutions for companies with complex funding structures, crowdfunding elements or non-traditional investor groups. Its core offering, the TigerMark managing general agent programme, delivers tailored directors and officers insurance for early-stage companies that face challenges securing coverage through standard providers. The acquisition marks Equal Parts' second strategic move since its launch in March 2025, following the purchase of Lumen Insurance. Through Equal Parts' technology platform, Assurely's operations will shift to integrated systems, moving away from manual processes and fragmented workflows. This complements the expertise of Lumen Insurance, which serves venture-backed tech start-ups at various stages. Together, the acquisitions enable Equal Parts to address the insurance needs of a broad range of emerging companies, particularly those with unique funding or capital structures. Equal Parts CEO and co-founder Mike Witte said: 'David and the Assurely team exemplify what we mean by going further for clients. They didn't accept that certain companies were 'hard to insure' – they created an entirely new solution. By integrating TigerMark into our connected platform, we can scale this offering while dramatically improving operational efficiency through automated workflows.' David Carpentier said: 'Together, we can serve more founders, solve more complex problems and continue pushing the boundaries of what is possible in insurance.' Equal Parts was launched in March 2025 with $10m in acquisition capital, supported by Equal Ventures and Max Ventures. It aims to acquire agencies generating less than $5m in revenue, providing them with AI tools to streamline back-office operations. "Equal Parts acquires Assurely to expand insurance for start-ups " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
26-06-2025
- Business
- Business Wire
Equal Parts Continues Expansion with Acquisition of Assurely, Adding Proprietary D&O Platform for Startups
AUSTIN, Texas--(BUSINESS WIRE)-- Equal Parts, a next-generation insurance agency combining traditional relationships with AI technology, today announced its acquisition of Assurely, an Austin-based agency focused on startups and emerging companies. I've always believed that every company deserves access to proper, cost-effective insurance coverage, regardless of how complex or unique they might be. Founded by David Carpentier and Ty Sagalow, Assurely has built a reputation for tackling unique insurance challenges, particularly for companies with complex capital structures, crowdfunding components, and non-traditional investor bases. The company's flagship offering, the TigerMark MGA program, provides proprietary Directors & Officers (D&O) insurance specifically designed for early stage companies that struggle to secure adequate coverage through conventional channels. 'David and the Assurely team exemplify what we mean by going further for clients,' said Mike Witte, CEO and co-founder of Equal Parts. 'They didn't accept that certain companies were 'hard to insure' — they created an entirely new solution. By integrating TigerMark into our connected platform, we can scale this offering while dramatically improving operational efficiency through automated workflows.' Equal Parts' technology infrastructure will transform Assurely's operations by connecting previously siloed systems and eliminating manual processes. This approach solves a critical challenge for traditional agencies that struggle with disconnected point-to-point systems, targeting the operational margins that enable continued innovation. 'I've always believed that every company deserves access to proper, cost-effective insurance coverage, regardless of how complex or unique they might be,' said Carpentier. 'Equal Parts shares that philosophy and has the platform to scale these kinds of specialized solutions. Together, we can serve more founders, solve more complex problems, and continue pushing the boundaries of what's possible in insurance.' This marks Equal Parts' second acquisition since its launch in March 2025, following the purchase of Lumen Insurance. Together, the two agencies create complementary capabilities — Lumen brings expertise in serving venture-backed tech startups throughout their lifecycle, while Assurely adds specialized solutions for companies with strategic early investors, non-traditional funding, or complex capitalization structures. The combined expertise enables Equal Parts to serve virtually any emerging company. 'We're not just acquiring agencies — we're creating a platform where talented professionals can scale their impact,' added Witte. 'David achieved what the insurance industry said couldn't be done. Now we're amplifying it through our technology infrastructure.' About Equal Parts Equal Parts is an insurance innovation company that acquires exceptional independent agencies and empowers them with cutting-edge AI tools designed to enhance, not eliminate, the human touch. Launched in March 2025 with $10 million in acquisition capital led by Equal Ventures and Max Ventures, the company enables insurance professionals to focus on what they do best—building and maintaining client relationships—while AI handles mundane back-office tasks. The company aims to generate $1 billion in premiums over the next three to five years. About Assurely Assurely is an Austin-based insurance agency specializing in serving complex early stage and emerging companies. Founded by David Carpentier and Ty Sagalow, the company is known for its TigerMark MGA program, which provides specialized D&O coverage for companies with non-traditional capital structures. Assurely's expertise in fintech, alternative funding models, and complex business structures has made it a trusted partner for founders building ambitious companies that traditional insurance providers struggle to serve them.
Yahoo
16-04-2025
- Business
- Yahoo
What to know about Workrise co-founder's plan to bring AI to insurance with new startup
Mike Witte has always loved relationship-based business. He built his career in the startup space by co-founding RigUp, a workforce management platform aimed at supporting smaller oil and gas companies. The company has since rebranded to Workrise and achieved unicorn status with a valuation of nearly $3 billion. Witte told the American-Statesman the crux of the business is services and relationships, which he says is the same for his new startup. That startup, Equal Parts, launched last month with $10 million in acquisition capital led by Equal Ventures and Max Ventures, and it plans to bring artificial intelligence to insurance. Witte said the insurance industry has a "technology ecosystem problem," with independent insurance agency owners being consumed by office tasks and using outdated technology systems. That's where Equal Parts comes in, with Witte wanting to improve speed and make the industry more innovative by using AI. "We believe that the future of insurance is equal parts innovation and relationships. It's equal parts technology and tradition," Witte told the American-Statesman. "Those things have to be bridged together, and we want to be that bridge." To do this, Witte's new startup plans to acquire smaller insurance agencies and supercharge them with AI, not to replace human agents, but to enhance the backend technologies and improve connection. On Wednesday, Equal Parts announced its first acquisition, Austin-based Lumen Insurance Technologies LLC. Lumen Insurance, which was founded by David Perez in 2016, is a commercial insurance agency focused on serving Austin's tech startup community. "Lumen is the epitome of what we were looking for," Witte said. "It was strong client relationships, very specialized. ... It's a great starting point for us. We get a phenomenal human being in David Perez, but we also back to the thesis. We've got a client base that he serves that's very tech forward, combined with a bunch of Austin businesses, and it just checked all the boxes for what we're looking to do in the Austin community." Witte emphasized that addressing the technology and connectivity issues in the insurance industry is crucial for its future. He described the current technological challenges as a "death by a thousand cuts." According to the U.S. Chamber of Commerce, about half of the current insurance workforce is expected to retire over the next 15 years, leaving more than 400,000 positions unfulfilled. The industry, according to the U.S. Bureau of Labor Statistics, is also seeing an unemployment rate nearly half the national average. Witte said this is, in large part, due to the lack of connectivity and innovation with the industry's necessary point-to-point management systems. With its first acquisition, Equal Parts plans to help Lumen build and scale a "highly connected back end" by linking point-to-point systems together. With this highly connected back end, Witte said Equal Parts plans to leverage AI to automate the systems, so agents can get back to "what they should be doing, which is talking to clients." "A lot of that, to me, is just the legacy nature of the business and how work gets done," Witte said. "It's not necessarily attractive and appealing to young folks that want to be in a more innovative environment. I do think that Equal Parts, we need to be a brand, a company and an employer that provides that avenue for younger folks to get into insurance, that want to be a part of the more innovative work environment. It's certainly what we what we hope to cultivate." This article originally appeared on Austin American-Statesman: Workrise co-founder's new Austin startup acquires Lumen Insurance
