Porch to Merge with PropTech Acquisition Corp. in SPAC Deal Valuing Company at $523M; to Trade as PRCH

Porch, a Seattle-based real estate tech and home-improvement marketplace, will go public via a SPAC merger with PropTech Acquisition Corp. at a $523 million valuation, receiving a $150 million investment and an expected $205 million cash balance while projecting revenue growth and narrowing losses.

MMatt Ehrlichman