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Porch Group
Work Here?
Home services marketplace connecting homeowners with professionals
Porch Group
Work Here?
Home services marketplace connecting homeowners with professionals
About Porch Group
Industries
Consumer Software
Consumer Goods
Company Size
501-1,000
Company Stage
IPO
Total Funding
$116.6M
Headquarters
Seattle, Washington
Founded
2013
Overview
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, window installation, appliance repair, remodeling, roofing, and door installation. 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.
Simplify's Take
What believers are saying
- The home services market is projected to grow by USD 1.03 trillion by 2029.
- AI-driven customer service chatbots can enhance user experience on Porch's platform.
- The rise of subscription models offers steady revenue and increased customer retention.
What critics are saying
- Increased competition from Amazon and Angi could erode Porch Group's market share.
- Regulatory challenges may increase operational costs for Porch Group.
- Numerous startups entering the market could lead to pricing pressures for Porch Group.
What makes Porch Group unique
- Porch Group offers a unique satisfaction guarantee with its Porch Property Protection program.
- The platform covers over 1,100 types of home improvement and maintenance projects.
- Porch Group's MovingPlace marketplace simplifies the moving process for consumers.
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Funding
Total Funding
$116.6M
Above
Industry Average
Funded Over
7 Rounds
Battery Ventures
Founders Fund
SV AngelGrowth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -2%2 year growth
↑ 0%NEW YORK, Feb. 10, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The global home services market size is estimated to grow by USD 1.03 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.5% during the forecast period. Increasing urbanization is driving market growth, with a trend towards introduction of new services. However, regulatory and compliance issues poses a challenge. Key market players include Amazon.com Inc., American Home Shield Corp., Angi Inc., AskforTask Inc., Gapoon Online Consumer Services Pvt
NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global home services market size is estimated to grow by USD 1.03 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.5% during the forecast period. Increasing urbanization is driving market growth, with a trend towards introduction of new services. However, regulatory and compliance issues poses a challenge. Key market players include Amazon.com Inc., American Home Shield Corp., Angi Inc., AskforTask Inc., Gapoon Online Consumer Services Pvt
NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global home services market size is estimated to grow by USD 1.03 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.5% during the forecast period. Increasing urbanization is driving market growth, with a trend towards introduction of new services. However, regulatory and compliance issues poses a challenge. Key market players include Amazon.com Inc., American Home Shield Corp., Angi Inc., AskforTask Inc., Gapoon Online Consumer Services Pvt. Ltd., Helpling GmbH and Co
NEW YORK, Jan. 27, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The global home services market size is estimated to grow by USD 1.03 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.5% during the forecast period. Increasing urbanization is driving market growth, with a trend towards introduction of new services. However, regulatory and compliance issues poses a challenge. Key market players include Amazon.com Inc., American Home Shield Corp., Angi Inc., AskforTask Inc., Gapoon Online Consumer Services Pvt
SEATTLE-(BUSINESS WIRE)- Porch Group, Inc. ("Porch" or "the Company") (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today announced the launch of MovingPlace, a new marketplace helping consumers to manage their entire move.
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About Porch Group
Industries
Consumer Software
Consumer Goods
Company Size
501-1,000
Company Stage
IPO
Total Funding
$116.6M
Headquarters
Seattle, Washington
Founded
2013
There are no jobs for Porch Group right now.
Find jobs on Simplify and start your career today