Our story
Porch sprang to life in 2013 to tackle the age-old problem of connecting homeowners with high-quality home improvement professionals. We started out as a home services marketplace, delivering project requests to pros across the country who make up part of the $500 billion home improvement market. (Yep, that number is correct!)
Since then, Porch has evolved into a vertical software company focused on making the home simple by providing software and services to companies. Porch’s mission is to partner with home service companies and together, delight homeowners from moving to improving and everything in between. From moving companies, home inspectors, large utility companies, real estate professionals, and more, these 11,000+ small and large businesses use Porch to improve their operations, grow their business, and improve their customer experiences. Through these companies, Porch gets introduced to their customers to help make the move and home maintenance simpler.
Today, Porch is involved with approximately 2 out of every 3 U.S. homebuyers each month.
The journey so far
Porch is founded
Having recently moved and began planning his family’s new home, Founder Matt Ehrlichman realizes how much stress and hassle comes along with homes. He decides his next business will focus on making the home simpler and founds Porch.
Launch
Porch exits stealth mode and launches as a home services marketplace with 1.5 million professionals listed and a unique data platform of home projects all with the mission of helping homeowners get projects done.
A great place to work & USA Today’s Entrepreneur of the Year
Porch is named Seattle's fastest growing company and one of the best places to work by Seattle Business Magazine. Matt Ehrlichman is named USA Today Entrepreneur of the Year.
Partnerships
Porch partners with Lowe's and other major partners, expands nationally, and begins to build proprietary demand channels.
New HQ
Porch continues expanding, moving into its current headquarters in Seattle's SODO neighborhood.
Vertical software platform
Porch quietly makes its key pivot, transitioning to becoming a vertical software platform and begins providing CRM solutions to companies who are involved in the home buying process. Porch launches its Moving Concierge products and services to simplify the entire move by helping homeowners tackle every item on their moving to-do lists.
Inspection Support Network
Porch acquires Inspection Support Network to become the leading provider of software to home inspectors.
Vertically integrating key services
Porch begins strategically identifying verticals to own more of the experience, starting with handyman, before expanding into moving, insurance, and security.
HireAHelper & moving services
Porch acquires HireAHelper, adding CRM tools for moving companies and expanding full-service capabilities into moving.
Vertical software expansion
Porch continues expanding its software platform for companies, launching additional modules and rapidly growing its customer base.
Kandela
Porch acquires Kandela, expanding into the utilities industry and launching TV/internet.
Warranty and real estate expansion
Porch launches partnerships with the leading warranty and real estate companies, to help their customers move.
Insurance
Porch goes deeper into the insurance value chain by helping with all types of P&C insurance through the leading carriers.
Divestitures
Porch divests parts of the business as more focus is put in to its vertical software platform.
Intention to go public announcement
Porch announces a merger with PropTech Acquisition Corp to take our company public on the NASDAQ through a SPAC IPO.
Rapid growth
The Porch vertical software platform has grown revenues 10x between 2017 and 2019 and now reaches 65% of all US homebuyers each month from more than 11,000 companies.
Nasdaq IPO
Porch rings the opening bell on the Nasdaq and begins trading under the ticker symbol PRCH
Vertical software expansion
Porch acquires iRoofing, further expanding its vertical software capabilities to roofing contractors
Mover marketing expansion
Porch acquires V12 to expand mover marketing capabilities
InsurTech expansion
Porch executes definitive agreement to acquire Homeowners of America, moves deeper in the insurance value chain and becomes one of the largest “InsurTech” companies with over $270 million of expected pro forma Gross Written Premium.
Title and closing services expansion
Porch acquires Rynoh to help settlement agents protect real estate transactions with transaction reconciliation and monitoring software.
Mortgage expansion
Porch acquires Floify to help mortgage companies and loan officers simplify the loan origination process through its digital mortgage automation and point-of-sale software.
Warranty expansion
Residential Warranty Services, based in Carmel, Indiana, is a national provider of home warranty products and inspector-centric software and services including its innovative 90 day warranty product. The company distributes solutions through a network of real estate agents and more than 1,000 home inspectors.