About Porch
Porch is a company based in Seattle (United States) founded in 2013 by Jake Cooney and Matt Ehrlichman.. Porch has raised $120.13 million across 5 funding rounds from investors including Lowe's, Watsco and FJ Labs. Porch has completed 5 acquisitions, including Done.com, Fountain and HireAHelper. Porch offers products and services including Movers Booking, Handyman Services, and Insurance Quotes. Porch operates in a competitive market with competitors including TaskRabbit, Houzz, Angi, Wrench Group and Zaarly, among others.
- Headquarter Seattle, United States
- Founders Jake Cooney, Matt Ehrlichman
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Sectors
Business ServicesReal Estate & Construction Consumer
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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 Porch
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Products & Services of Porch
Porch offers a comprehensive portfolio of products and services, including Movers Booking, Handyman Services, and Insurance Quotes. 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.
Platform for easily booking and comparing moving companies.
Service for hiring professionals for home maintenance tasks.
Tool for comparing and obtaining home and auto insurance.
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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
Porch has successfully raised a total of $120.13M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $20.62 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $20.6M
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First Round
First Round
(05 Jun 2013)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2020 | Amount | Series C - Porch | Valuation | Moderne Ventures , Watsco |
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| Jun, 2015 | Amount | Series B - Porch | Valuation |
investors |
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| Jan, 2015 | Amount | Series B - Porch | Valuation | Valor Equity Partners |
| 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 |
Investors in Porch
Porch has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lowe's, Watsco and FJ Labs. 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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Early-stage investments are provided to US tech and offline companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Private equity firm
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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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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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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 Porch
Porch has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Done.com, Fountain and HireAHelper. 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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Users are connected to local experts via a chat-based app.
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2014 | ||||
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Home and commercial services are connected via an online marketplace.
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2011 | ||||
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Property tax management is offered to homeowners by ValueAppeal.
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2009 |
| 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
| 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 Comparisons
Competitors of Porch
Porch 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 TaskRabbit, Houzz, Angi, Wrench Group and Zaarly, 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 |
Online platform that connects users with local independent taskers
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| domain | founded_year | HQ Location |
Home design, decorating, and renovation platform is operated online.
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| domain | founded_year | HQ Location |
Home repair professionals are hired via an app-based platform.
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| domain | founded_year | HQ Location |
Web application that enables tradesmen to create customized preventive maintenance programs
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| domain | founded_year | HQ Location |
Local home services are connected through an online marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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
Frequently Asked Questions about Porch
When was Porch founded?
Porch was founded in 2013.
Where is Porch located?
Porch is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Porch?
Matt Ehrlichman is the current CEO of Porch. They have also founded this company.
Is Porch a funded company?
Porch is a funded company, having raised a total of $120.13M across 5 funding rounds to date. The company's 1st funding round was a Series B of $65.95M, raised on Jun 05, 2013.
What does Porch do?
Porch was founded in 2013 in Seattle, United States, as an online platform in the home services sector. Professionals such as handymen, electricians, lawn care providers, painters, and laundry services are registered through an online process. Users are enabled to search for these services by applying location-based filters, facilitating connections between homeowners and local experts across the platforms operations.
Who are the top competitors of Porch?
Porch's top competitors include TaskRabbit, Houzz and Block Renovation.
What products or services does Porch offer?
Porch offers Movers Booking, Handyman Services, and Insurance Quotes.
How many acquisitions has Porch made?
Porch has made 5 acquisitions, including Done.com, Fountain, and HireAHelper.
Who are Porch's investors?
Porch has 17 investors. Key investors include Lowe's, Watsco, FJ Labs, Moderne Ventures, and Valor Equity Partners.
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