Porch completes $100M Homeowners of America acquisition, doubling down on insurance market
GeekWire
APRIL 6, 2021
Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states. 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 The company, founded in 2012, has yet to turn a profit.
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