About Porch Group
Porch Group is a company based in Seattle (United States) founded in 2013.. The company has 733 employees as of December 31, 2024. Porch Group has completed 8 acquisitions, including American Home Protect, CSE Insurance Group and Floify. Porch Group offers products and services including ISN, HireAHelper, and Porch Utilities. Porch Group operates in a competitive market with competitors including ServiceTitan, Jobber, Housecall Pro, ServiceTrade and Happy, among others.
- Headquarter Seattle, United States
- Employees 733 as on 31 Dec, 2024
- Stage Public
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Porch Group, Inc.
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Annual Revenue
$437.85 M1.75as on Dec 31, 2024
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Net Profit
$-32.83 M75.49as on Dec 31, 2024
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EBITDA
$-37.88 M41.38as on Dec 31, 2024
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Latest Funding Round
$333.33 M (USD), Post-IPO
Apr 18, 2023
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Investors
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Employee Count
733
as on Dec 31, 2024
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Investments & Acquisitions
American Home Protect
& 7 more
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IPO & Listings of Porch Group
Porch Group is a publicly listed company on the NASDAQ with ticker symbol PRCH in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Porch Group
Porch Group offers a comprehensive portfolio of products and services, including ISN, HireAHelper, and Porch Utilities. 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.
Software for inspection companies to manage and grow businesses.
Platform for moving firms to handle operations and attract customers.
Tools for utilities to improve customer experiences and program adoption.
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Software Development Team
24 people
Advisor Team
20 people
Human Resources and Administration
13 people
Product Management Team
12 people
Leadership Team
11 people
Sales and Marketing
11 people
Finance and Accounting
9 people
Senior Team
5 people
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Funding Insights of Porch Group
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $333.3M
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First Round
First Round
(17 Sep 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Post-IPO - Porch Group | Valuation |
investors |
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| Sep, 2021 | Amount | Post-IPO - Porch Group | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investments & Acquisitions by Porch Group
Porch Group has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include American Home Protect, CSE Insurance Group and Floify. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home appliance repair services are provided to residential customers.
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2016 | ||||
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Mortgage borrower portals and dashboards are offered to financial institutions.
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2012 | ||||
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Cloud-based project management software for roofing contractors is provided.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Porch Group
| 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 |
Porch Group Comparisons
Competitors of Porch Group
Porch Group 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 ServiceTitan, Jobber, Housecall Pro, ServiceTrade and Happy, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business management software is offered for home service providers.
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| domain | founded_year | HQ Location |
Business management software is offered for home service providers.
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| domain | founded_year | HQ Location |
Business management software is provided for home service professionals.
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| domain | founded_year | HQ Location |
Business management software is provided for home service contractors.
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| domain | founded_year | HQ Location |
Software for property maintenance, asset management, and leasing is developed.
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| domain | founded_year | HQ Location |
SaaS solutions for property maintenance and repair management are provided.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Porch Group
Frequently Asked Questions about Porch Group
When was Porch Group founded?
Porch Group was founded in 2013 and raised its 1st funding round 8 years after it was founded.
Where is Porch Group located?
Porch Group is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
How many employees does Porch Group have?
As of Dec 31, 2024, the latest employee count at Porch Group is 733.
What is the annual revenue of Porch Group?
Annual revenue of Porch Group is $437.85M as on Dec 31, 2024.
What does Porch Group do?
Porch Group was founded in 2013 and is headquartered in Seattle, United States. Operations focus on the home improvement sector, where software and services are offered to support various needs. An inspection support network is maintained, along with home inspection software and roofing software. An online marketplace is provided for booking professional movers to handle packing, loading, and hauling. Concierge services are also included to assist users.
Who are the top competitors of Porch Group?
Porch Group's top competitors include ServiceTitan, Housecall Pro and Jobber.
What products or services does Porch Group offer?
Porch Group offers ISN, HireAHelper, and Porch Utilities.
Is Porch Group publicly traded?
Yes, Porch Group is publicly traded on NASDAQ under the ticker symbol PRCH.
How many acquisitions has Porch Group made?
Porch Group has made 8 acquisitions, including American Home Protect, CSE Insurance Group, and Floify.
What is Porch Group's ticker symbol?
The ticker symbol of Porch Group is PRCH on NASDAQ.