What is Porch?
Founded in 2013 and headquartered in Seattle, Washington, Porch operates as a sophisticated vertical SaaS platform designed to streamline the complexities of home management. The company provides a comprehensive suite of software and services that bridge the gap between homeowners and service providers. By offering actionable data, project inspiration, and professional connectivity, Porch has established itself as an essential ecosystem for the residential maintenance and renovation market. Its business model focuses on enhancing operational efficiency for service companies while simplifying the decision-making process for consumers, effectively digitizing the fragmented home improvement industry.
How much funding has Porch raised?
Porch has raised a total of $106.1M across 7 funding rounds:
Angel/Seed
$6.3M
Series A
$27.3M
Series B
$65.9M
Private Equity
$540K
Private Equity
$987K
Debt
$5M
Debt
$100K
Angel/Seed (2013): $6.3M, investors not publicly disclosed
Series A (2013): $27.3M, investors not publicly disclosed
Series B (2015): $65.9M supported by Loweu2019s Companies, Inc., Founders Fund, Battery Ventures, Valor Equity Partners, Panorama Point Partners, and Capricorn Investment Group
Private Equity (2017): $540K, investors not publicly disclosed
Private Equity (2017): $987K, investors not publicly disclosed
Debt (2020): $5M with participation from PPP
Debt (2025): $100K led by Northeast Bank
Key Investors in Porch
Lowe's Companies, Inc.
A leading home improvement retailer providing a vast array of products and installation services to professional customers and homeowners across the United States.
Founders Fund
A venture capital firm that invests in high-impact companies across various sectors, known for its founder-friendly approach and support for category-defining businesses.
Battery Ventures
A global investment firm that partners with exceptional management teams to build category-defining businesses in software, enterprise infrastructure, and industrial technology.
What's next for Porch?
With this major enterprise-level funding, Porch is well-positioned to accelerate its product development roadmap and expand its service footprint. The strategic allocation of these funds will likely focus on enhancing the platform's core software capabilities, deepening integration with home service professionals, and scaling its market reach. As the company navigates its current growth trajectory, the focus remains on maintaining its competitive edge in the vertical SaaS space, ensuring that its digital infrastructure remains the primary choice for stakeholders seeking to optimize home improvement outcomes through data-driven insights and seamless service orchestration.
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