# Porch.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/porch-com

- Industry: Internet
- Headquarters: Seattle, US
- Website: www.porch.com
- Total disclosed funding: $119M
- Latest round: Series C (Dec 23, 2019)
- Investors on record: 9

## About

Porch.com, Inc. provides a platform that connects homeowners with service professionals for home improvement, moving, and insurance services, enhancing efficiency in home-related tasks.Founded in 2012, Porch.com, Inc. is headquartered in Seattle, US, and operates as a resource for homeowners seeking home service solutions. The company was co-founded by Jake Cooney, Margaret Whelan, Matt Ehrlichman, Rich Weitzel, and Ronnie Castro. In its most recent funding round, the company raised USD 150.00 mn in a PIPE from Wellington Management, resulting in a total amount raised of USD 150.00 mn across 8 deals.Porch offers a comprehensive suite of services aimed at simplifying home improvement, moving, and insurance processes for homeowners and businesses alike. Their core offerings include Porch Concierge®, a personal service that connects clients with home service providers, streamlining tasks such as moving, home improvement, and repairs. Users can compare and select home, auto, and umbrella insurance policies, as well as access a wide range of professionals for various home improvement projects, including general contracting, plumbing, and handyman services. Additionally, Porch provides moving services through HireAHelper, which allows users to obtain instant quotes from local movers. The company serves a diverse client base across the United States, targeting homeowners looking to enhance their living spaces and manage relocations efficiently. Porch's services are designed to meet the needs of clients in major metropolitan areas, offering localized solutions for home maintenance and improvement.In the most recent fiscal year of 2024, Porch reported a revenue of USD 437,848 and an EBITDA of USD -39,049. The company generates revenue through structured transactions involving partnerships with service providers and direct interactions with consumers, charging service fees tied to project engagements and subscription models for ongoing services.Porch.com, Inc. aims to expand its product offerings and geographic reach. It plans to design and launch new services, targeting specific markets for expansion, though details on these markets and timelines are not specified. The recent funding of USD 150.00 mn will support these growth initiatives, allowing for investment in new product development and increasing market penetration.

## Funding rounds

- Series C, Dec 23, 2019, $21M — Watsco Inc., Moderne Ventures
- Series B, Jan 20, 2015, $65M — Battery Ventures, Capricorn Investment Group, Valor Equity Partners, Founders Fund, Lowe's Companies Ventures, Panorama Point Partners
- Series A, Sep 22, 2014, $19M — Lowe's Companies Ventures
- Series A, Sep 23, 2013, $8.2M — SV Angel
- Seed, Sep 28, 2012, $6.3M — SV Angel

## Investors

- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed, Series A
- Lowe's Companies Ventures (https://capitalatlas.ai/funds/lowe-s-companies-ventures) — Series A, Series B
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- Capricorn Investment Group (https://capitalatlas.ai/funds/capricorn-investment-group) — Series B
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series B
- Panorama Point Partners (https://capitalatlas.ai/funds/panorama-point-partners) — Series B
- Watsco Inc. — Series C
- Moderne Ventures (https://capitalatlas.ai/funds/moderne-ventures) — Series C