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Porch Group logo — The vertical software and insurance platform for your home

Porch Group

The vertical software and insurance platform for your home

Founded 2013 United States Seattle, United States 829 employees Post-IPO Debt Total: $648.85M Information Technology, Internet

General Information

Company Name Porch Group
Founded Year 2013
Location United States Seattle, United States
Employees 829
Industries Information Technology, Internet
Funding Stage Post-IPO Debt
Social

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About Porch Group

Porch Group is a leading vertical software and insurance platform, recognized for its commitment to providing comprehensive services for homeowners. With a focus on simplifying the home-buying process, Porch Group aims to be the go-to partner for individuals seeking to move, maintain, and fully protect their residences. Central to their offerings is homeowners insurance, and they are well-positioned to capitalize on the significant opportunities within this market. The company's strategy revolves around delivering superior services for homebuyers, bolstered by advantageous underwriting capabilities and a holistic approach to home protection. Moreover, as a key player in the home services software-as-a-service (SaaS) sphere, Porch Group has forged strong relationships with approximately 30,000 essential entities in the home-buying ecosystem, such as home inspectors, mortgage companies, and title companies. In 2020, Porch Group made its mark by ringing the Nasdaq bell and initiating trading under the ticker symbol PRCH, signifying a pivotal moment in its journey. The company's commitment is resolute, as it aspires to achieve even greater heights. With its recent post-IPO debt investment of $333.00M on April 17, 2023, Porch Group demonstrates its resolve to capitalize on emerging opportunities and drive sustained growth. This trajectory marks just the beginning for Porch Group, offering potential for significant expansion and industry leadership.

Business keywords: vertical software platform, home services, homebuyers' concierge, home services companies, moving companies, insurance services, utility services, warranty services, Seattle-based company, technology for home services, home improvement services

Funding Rounds & Investors (12)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Debt $333.00M -
17 Apr 2023
Post IPO Equity $4.00M -
15 Apr 2022
Post IPO Equity $2.00M -
10 Aug 2021
Post IPO Equity $150.00M 1
Wellington Management
23 Dec 2020
Debt Financing $40.00M 1
Runway Growth Capital
01 Sep 2020
Series C $21.00M 2
Moderne Ventures, Watsco Ventures
08 Jan 2020
Venture Round Undisclosed 2
Moderne Ventures, Constance Freedman
24 Jan 2019
Convertible Note Undisclosed 1
Acequia Capital (AceCap)
23 Oct 2018
Series B $65.00M 10
Battery Ventures, Founders Fund +8
20 Jan 2015
Series A $27.60M 1
Lowe’s
17 Sep 2014

View All 12 Funding Rounds

Porch Group Alternatives & Competitors

View All Alternatives
Porch Group vs

Uma empresa do grupo Algar que oferece serviços de alta qualidade em TI e Telecom.

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Porch Group vs
Trustwork
Trustwork United States

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Porch Group vs

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FAQ About Porch Group

The vertical software and insurance platform for your home
Porch Group was founded in 2013.
Porch Group is headquartered in Seattle, United States.
Porch Group operates in Information Technology and Internet. Its work centres on vertical software platform, home services, homebuyers' concierge and home services companies.
Porch Group has approximately 829 employees.
Porch Group has completed 12 funding rounds, raising a total of $648.85M. The latest funding stage is Post-IPO Debt.
Top alternatives and competitors to Porch Group include Algar Telecom, Trustwork, Aventus Software, MiCare Global, DEIENAMI. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Porch Group and Algar Telecom are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Porch Group, https://bouncewatch.com/company/porch-group, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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