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Porch makes stock market debut, raising $322M to fuel its ambitions in home services technology

GeekWire

— Matt Ehrlichman (@mattehrlichman) December 22, 2020. Porch is the fifth company from Washington state to go public in 2020, joining marketing company ZoomInfo; biotech companies Silverback Therapeutics and Athira Pharma; and health technology company Accolade. It posted a net loss of $103 million last year on revenue of $77.6

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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Porch Group, the Seattle-based home services software company, completed its $100 million acquisition of Homeowners of America Inc. on Tuesday morning, its biggest deal since going public at the end of 2020. Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states.

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Newly public, Porch makes 4 acquisitions for more than $122M, discloses larger-than-expected loss

GeekWire

Porch also disclosed its preliminary financial results for 2020, saying that it expects a net loss between $53 and $55 million for the year, about $20 million further into the red than previously projected in its public filings. The deal is expected to close in the second quarter of this year.

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IPO, acquisitions and now a Super Bowl ad, Seattle’s Porch caps a high-profile stretch

GeekWire

Porch went public at the end of 2020 , raising more than $322 million through a merger with PropTech Acquisition Corp., The company reinvented itself as a provider of enterprise resource planning (ERP) and customer-relationship management (CRM) software to home services companies. The 30-second spot, with a reported price tag of $5.5

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Seattle’s Porch marks new era as public company with first Super Bowl ad touting home services tech

GeekWire

Porch went public at the end of 2020 , raising more than $322 million through a merger with PropTech Acquisition Corp., The company reinvented itself as a provider of enterprise resource planning (ERP) and customer-relationship management (CRM) software to home services companies. million for 30-second units.

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Tech Moves: Top Blue Origin engineer joins SpaceX; Axon hires HTC Vive exec; Porch adds to board

GeekWire

Prior to joining Convoy in 2018, Kreiner was CEO of Cal Net Technology Group and a managing partner at Olympic Valley Capital. Founded in 2020, Lessen currently has 20 employees in Seattle and plans to double headcount in the region by the end of 2021. He spent time at Kargo Global and Rubicon Project before joining Marchex in 2020.

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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

It was acquired in 2020 by FBH Corporation, owned by Jean Chalopin, also the chairman of Bahamas-based Deltec Bank. Its net worth was $5.7 By acquiring Farmington, Moonstone received a banking charter, a business license required for financial institutions handling deposits and offering other bank-like services. Morgan Chase.

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