Porch Group

Porch Group

Home services marketplace connecting homeowners with professionals

About

Porch.com connects homeowners with a variety of home improvement, repair, and maintenance professionals through its online platform. Users can find and compare quotes for over 1,100 types of projects, including handyman services, electrical work, HVAC, plumbing, flooring, lawn care, painting, and more. The platform operates as a marketplace where professionals pay to be listed and receive leads, while also offering premium tools to help them manage their businesses. Porch differentiates itself by providing a satisfaction guarantee, including the Porch Property Protection program, which ensures clients are satisfied with the work done. Additionally, Porch offers resources and guides to assist homeowners in planning their projects. The goal of Porch is to simplify the process of hiring quality professionals for home improvement projects, ensuring reliability and peace of mind for homeowners.

Company Stage

IPO

Employees

501-1,000

Industries

Consumer Software, Consumer Goods

Total Funding

$116.6M

Headquarters

Seattle, Washington

Founded

2013


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Simplify's Take

What believers are saying

  • Strategic partnerships, like with Aon, provide financial inflows and service expansion.
  • AI integration enhances customer experience and operational efficiency in home services.
  • Remote work trends boost demand for Porch's online on-demand home services.

What critics are saying

  • High competition from Amazon and Angi may erode Porch Group's market share.
  • Rapid startup growth could lead to market saturation, challenging Porch's competitive edge.
  • Over-reliance on Aon partnership poses risks if partnership dynamics change.

What makes Porch Group unique

  • Porch Group offers a unique Porch Guarantee for client satisfaction and protection.
  • The company provides a comprehensive marketplace for over 1,100 home service projects.
  • Porch Group's MovingPlace marketplace simplifies the moving process for consumers.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%

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