Predict your next investment

Corporation
INTERNET | eCommerce / Home Furnishings & Improvement
porch.com

See what CB Insights has to offer

Founded Year

2013

Stage

Reverse Merger | IPO

Total Raised

$128.65M

Market Cap

1.69B

Stock Price

18.26

About Porch

Porch is a home network that is free for homeowners and home professionals. Porch enables homeowners to make smart home improvement decisions by giving them the information they need to find the right professionals, get inspiration, and manage their home. The Porch App, an app available for iOS, gives homeowners direct access to a personal Porch Concierge to help find professionals for users' homes.

Porch Headquarter Location

2200 1st Ave South Suite 300

Seattle, Washington, 98134,

United States

855-494-5972

Latest Porch News

Porch bolsters insurtech, home warranty presence with new acquisitions

Sep 13, 2021

Reinsurance News Software company Porch Group has announced the acquisitions of CSE Insurance and American Home Protect (AHP), as it looks to accelerate its insurtech ambitions and enter the home warranty market. CSE is a California-based personal lines insurer focused on property and auto that Porch has agreed to acquire from its current owner, Covéa. The $48.6 million acquisition is expected to help Porch expand the number of the states where it operates as a full-stack managing general agency and carrier, while also providing an entrance into the California market. CSE will also bring new insurance products in auto and umbrella and complement Porch’s Homeowners of America (HOA) business. “CSE has made significant progress over the last two years to become a strong business led by a proven team with specialized insurance expertise in California,” said Matt Ehrlichman, Porch founder, Chairman and CEO. “This acquisition not only accelerates the pace of geographic expansion of our managing general agent and carrier but also provides new insurance products such as auto and umbrella, which enables us to provide affordable bundled insurance solutions for consumers. We are excited about how Porch’s unique capabilities can continue to drive growth in our InsurTech business.” Porch has also closed its $38.6 million acquisition of AHP, a Texas-based provider of whole home warranty policies across the US that utilizes a direct-to-consumer model to acquire customers for their multi-year warranty plans. AHP will provide Porch an additional stream of subscription-based revenue, with significant expansion opportunities available with the Porch ecosystem. “Our acquisition of AHP enables Porch to help more fully protect one’s home,” said Matt Ehrlichman, Porch founder, Chairman and CEO. “Offering both insurance and warranty can help Porch ensure our customers’ largest investment, their home, is well cared for. We are impressed with the core capabilities AHP has built in a relatively short period of time and are confident that as part of Porch, given our unique demand and data, we will be well positioned for growth.”

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Porch

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Porch in 2 CB Insights research briefs, most recently on Apr 14, 2021.

Expert Collections containing Porch

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Porch is included in 3 Expert Collections, including Smart Money VCs (2017-2019).

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

T

Tech IPO Pipeline 2020

282 items

Track and capture company information and workflow.

R

Real Estate Tech

2,189 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, sm

Porch Patents

Porch has filed 2 patents.

The 3 most popular patent topics include:

  • Acetylcholinesterase inhibitors
  • Floors
  • Insecticides
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/18/2018

3/30/2021

Woven fabrics, Acetylcholinesterase inhibitors, Architectural elements, Floors, Insecticides

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

6/18/2018

00/00/0000

Grant Date

3/30/2021

00/00/0000

Title

Subscribe to see more

Related Topics

Woven fabrics, Acetylcholinesterase inhibitors, Architectural elements, Floors, Insecticides

Subscribe to see more

Status

Grant

Subscribe to see more

Porch Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Porch Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.