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

GeekWire

Porch says it will use the acquisition to build its national footprint in the home insurance market. Porch cut its net loss in half in 2020, to $51.6 Porch then uses that access to connect homebuyers to movers, insurance agents, home security firms, TV/internet companies and other service providers, making money on transaction fees.

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Porch Group announces two more acquisitions for a total of more than $94 million

GeekWire

million; and a deal to acquire California-based CSE Insurance for $48.6 million in cash, subject to approval by the California Department of Insurance. for a total of $35 million; and Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock. Its quarterly net loss widened to $16.3

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Porch makes $35M acquisition; reshuffles board; revenue up 200%; loss grows; PPP loan forgiven

GeekWire

Its quarterly net loss widened to $16.3 Other deals this year include the acquisition of Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding Porch’s footprint in the insurance tech market. million, exceeding analysts’ expectations. million, vs. a loss of $6.3

Insurance 101
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A hedge fund billionaire outbid crypto investors for a rare copy of the US Constitution

The Verge

Finally, ConstitutionDAO threw in the towel, telling supporters they wouldn’t have had enough remaining money to “insure, store, and transport the document.”. Citadel is one of the largest hedge funds in the world, and Forbes ranks him fourth on their list of wealthiest hedge fund managers, with a net worth of $16.1

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

GeekWire

Three weeks after its stock market debut, Seattle-based home services technology company Porch Group announced four acquisitions , including an agreement to buy Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding its footprint in the insurance tech market. See full slide deck.

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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

Big deals have become almost run-of-the-mill for Seattle-based home services tech company Porch Group , which has been acquiring an array of companies in areas such as home inspections, moving, real estate, and insurance. ” The net impact, he said, is “less dilution and more value for our shareholders.”.

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

GeekWire

The company 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. Just three weeks after that stock market debut, Porch announced four acquisitions for more than $122 million.