What is Porch?
Founded in 2013 and headquartered in Seattle, Washington, Porch operates as a vertical SaaS provider dedicated to enhancing the home experience. The company offers a suite of software and services designed to empower homeowners with the information and professional connections needed for smart home improvement decisions. Porch's platform facilitates access to inspiration, project management tools, and a network of service providers, aiming to make home management seamless. The company's strategic capital raises indicate a strong trajectory in scaling its operations and broadening its service offerings within the home services ecosystem.
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 Valor Equity Partners, Loweu2019s Companies, Inc., Battery Ventures, Founders Fund, 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
Loweu2019s Companies, Inc.
Lowe's Companies, Inc. is a major home improvement retailer that provides a wide range of products and services for construction, maintenance, and remodeling. Their investment in Porch suggests a strategic interest in integrating technology solutions into the home improvement value chain.
Founders Fund
Founders Fund is a venture capital firm known for investing in transformative companies across various sectors. Their backing of Porch indicates a belief in the company's disruptive potential within the home services and technology market.
Battery Ventures
Battery Ventures is a global investment firm that partners with companies in the software and services sectors. Their involvement with Porch highlights the company's strong foundation in software and its potential for significant market expansion.
What's next for Porch?
With its recent major strategic investment and substantial overall capital backing, Porch is poised for accelerated growth. The company is likely to focus on expanding its software solutions, enhancing its network of home service professionals, and potentially exploring new market segments within the home improvement and management industry. This infusion of capital will enable Porch to further solidify its position as a leader in simplifying homeownership and home improvement processes, driving innovation and user engagement.
See full Porch company page
