Porch Group, Inc. PRCH

Company Overview

Porch Group, Inc. is a software and services company focused on the home services and homeowners insurance industries. The company provides technology platforms that connect homebuyers, homeowners, home service professionals, and insurance carriers across the home lifecycle, from inspection and moving through ongoing maintenance and protection. Porch Group operates at the intersection of proptech, insurtech, and home services, with revenue primarily driven by software subscriptions, transaction-based services, and insurance premiums.

Founded in 2011, Porch initially focused on connecting homeowners with local service professionals using home inspection data. Over time, the company expanded through organic development and acquisitions to build an integrated ecosystem that includes vertical software for home inspectors and contractors, data-driven insurance distribution, and a reciprocal insurance carrier. Porch Group went public in December 2020 following a merger with a special purpose acquisition company and has since repositioned its strategy to emphasize higher-margin software and insurance operations.