About Homeowners of America Insurance
Homeowners of America Insurance is a company based in Irving (United States) founded in 2005 by Spencer Tucker was acquired by Porch Insurance Reciprocal Exchange in January 2025.. Homeowners of America Insurance offers products and services including Home Insurance, Condo Insurance, Landlord/Dwelling Fire Insurance, Flood Insurance, and Optional Endorsements. Homeowners of America Insurance operates in a competitive market with competitors including Fidelity National Financial, GeoVera Insurance, TypTap Insurance, FM and Weston Insurance, among others.
- Headquarter Irving, United States
- Founders Spencer Tucker
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Homeowners Of America Insurance Company
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Annual Revenue
$38.41 M36as on Dec 31, 2015
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Net Profit
$4.04 M87as on Dec 31, 2015
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EBITDA
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Latest Funding Round
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Investors
Porch Group
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Homeowners of America Insurance
Homeowners of America Insurance offers a comprehensive portfolio of products and services, including Home Insurance, Condo Insurance, Landlord/Dwelling Fire Insurance, Flood Insurance, and Optional Endorsements. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for homes against risks like fire and theft
Offers protection for condominium units and contents
Insures rental properties against fire and related damages
Covers damages from flooding events for properties
Adds extra coverage options for specific property needs
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Funding Insights of Homeowners of America Insurance
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2005 | Amount | Series A - Homeowners of America Insurance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Homeowners of America Insurance
Homeowners of America Insurance has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Porch Group, IA Capital Group and Porch Insurance Reciprocal Exchange. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on tech startups
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Software and services are provided to home improvement industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Homeowners of America Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Homeowners of America Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Homeowners Of America Insurance Comparisons
Competitors of Homeowners of America Insurance
Homeowners of America Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fidelity National Financial, GeoVera Insurance, TypTap Insurance, FM and Weston Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Financial institution offering insurance & transaction services
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| domain | founded_year | HQ Location |
Earthquake and windstorm-hurricane insurance is provided by GeoVera Insurance.
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| domain | founded_year | HQ Location |
An online P&C insurance platform for individuals is operated.
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| domain | founded_year | HQ Location |
Commercial property insurance solutions are provided to mitigate loss risks.
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| domain | founded_year | HQ Location |
Windstorm insurance carrier
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| domain | founded_year | HQ Location |
Offers insurance for homes, renters, and properties in Florida against various hazards.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Homeowners Of America Insurance
Frequently Asked Questions about Homeowners of America Insurance
When was Homeowners of America Insurance founded?
Homeowners of America Insurance was founded in 2005.
Where is Homeowners of America Insurance located?
Homeowners of America Insurance is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Who is the current CEO of Homeowners of America Insurance?
Spencer Tucker is the current CEO of Homeowners of America Insurance. They have also founded this company.
What is the annual revenue of Homeowners of America Insurance?
Annual revenue of Homeowners of America Insurance is $38.41M as on Dec 31, 2015.
What does Homeowners of America Insurance do?
Homeowners of America Insurance was established in 2005 as a carrier specializing in property insurance. Operations are based in Irving, Texas, with coverage extended to homeowners throughout the United States. Services include standard home insurance policies tailored for residential properties, managed under the leadership of founder and CEO Spencer Tucker. The company focuses on the insurance sector, providing essential protection against common risks without additional commercial offerings.
Who are the top competitors of Homeowners of America Insurance?
Homeowners of America Insurance's top competitors include Fidelity National Financial, Investors Title and GeoVera Insurance.
What products or services does Homeowners of America Insurance offer?
Homeowners of America Insurance offers Home Insurance, Condo Insurance, Landlord/Dwelling Fire Insurance, Flood Insurance, and Optional Endorsements.
Who are Homeowners of America Insurance's investors?
Homeowners of America Insurance has 3 investors. Key investors include Porch Group, IA Capital Group, and Porch Insurance Reciprocal Exchange.