Porch.com, the Seattle-based company that helps homeowners plan their home improvement projects, is on a fundraising spree.
After revealing in September that it had raised $27.6 million in funding a year earlier, the company is announcing today that it recently closed over $66 million in new funding.
Porch.com bills itself as a “home improvement network,” combining resources for finding home improvement professionals and managing your home’s projects. It offers a directory of local professionals, including which ones have worked on neighboring houses, reviews from past customers, a direct way to contact the professionals, and license verification.
For their homes, owners can create a dedicated profile for the property and update it with its history of projects, the professionals who have worked on it, and the permits it received. Users can also browse other properties’ profiles.
In December, the company released an iOS app that enables homeowners to connect with a Porch.com concierge about their project needs, search the directory of professionals, and contact them. The Porch Bookings feature, currently in beta in Seattle, lets homeowners book and pay for small jobs at pre-negotiated prices. It will be rolling out nationally in the coming months.
Porch.com competes with Angie’s List and Pro.com, among others, which also provide directories and the ability to contact and book home improvement professionals. Houzz, best known as a source of inspiration for home projects, also provides access to local professionals.
Valor Equity Partners led the round, with Founders Fund, Battery Ventures, Panorama Point Partners, Capricorn Investment Group, Lowe’s Home Improvement, Ty Pennington (of Extreme Makeovers: Home Edition and Trading Spaces fame), and other individual investors. Valor Equity Partners chief executive Antonio Gracias is joining the company’s board of directors.
Porch.com was founded in 2013 by Matt Ehrlichman, Scott Austin, Ha Phan, Ronnie Castro, and Eric Schleicher.
Porch is a startup with a big vision. We’re out to solve the pain that millions of homeowners experience regularly as they try to select a home service professional that they can trust. The home remodel and repair industry is highly fr… read more »
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