Porch Group

About

Porch Group Inc provides vertical software platforms and services to home service industries.

Seattle,Washington,United States
501 - 1000
https://www.porchgroup.com

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $4M
Industries: Home Improvement,Home Services,Information Technology,Internet,Software
Founded date: Jan 1, 2018
Number Of Employee: 501 - 1000
Operating Status: Active
Stock Symbol: nasdaq:PRCH
Legal Name: Porch Group, Inc.
Also Known As: Porch.com,Porch

Seattle-based Porch Group, the vertical software platform for the home, provides software and services to more than 30,900 home services companies such as home inspectors, mortgage companies and loan officers, title companies, moving companies, real estate agencies, utility companies, and warranty companies. Through these relationships and its multiple brands, Porch provides a moving concierge service to homebuyers, helping them save time and make better decisions on critical services, including insurance, warranty, moving, security, TV/internet, home repair and improvement, and more.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

12

$637.84M

Porch Group has raised a total of $637.84M in funding over 2 rounds. Their latest funding was raised on Apr 15, 2022 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 15, 2022	Post-IPO Equity	$4M	—	—	—	Detail
Aug 10, 2021	Post-IPO Equity	$1.99M	—	—	—	Detail
Dec 24, 2020	IPO	$322M	—	—	—	Detail
Dec 23, 2020	Post-IPO Equity	$150M	1	Wellington Management	—	Detail
Sep 1, 2020	Debt Financing	$40M	1	Runway Growth Capital	—	Detail

Investors

Number of Lead Investors

Number of Investors

4

24

Porch Group is funded by 24 investors. Wellington Management and Runway Growth Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Wellington Management	Yes	Post-IPO Equity
Runway Growth Capital	Yes	Debt Financing
Valor Equity Partners	Yes	Series B
Moderne Ventures	—	Series C
Watsco Ventures	—	Series C
Constance Freedman	—	Series Unknown
Acequia Capital (AceCap)	—	Convertable Note
Battery Ventures	—	Series B
Capricorn Investment Group	—	Series B
Fabrice Grinda	—	Series B

Employee Profiles

Number of Employee Profiles

18

Porch Group has 18 current employee profiles, including Board member Sean Kell

Board member

Executive

Employee

Executive

Executive

Acquisition

Porch Group has acquired 12 organizations. Their most recent acquisition was MostLikely on Sep 1, 2014. They acquired MostLikely for 0.

Date Company Name	Industry	Acquisition Type	Price
Sep 1, 2014 MostLikely	Analytics	acquisition	—	Detail
Dec 18, 2014 Elemental Foundry	Collaboration	—	—	Detail
Oct 29, 2015 Fountain Software	Apps	acquisition	—	Detail
Aug 22, 2018 SERVIZ	Apps	acquisition	—	Detail
Jul 23, 2019 HireAHelper	Customer Service	acquisition	—	Detail