Porch makes $35M acquisition; reshuffles board; revenue up 200%; loss grows; PPP loan forgiven
GeekWire
AUGUST 16, 2021
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 Paycheck Protection Program loan from the U.S. million a year ago.
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