Moderne Ventures
Facts
- HQ
- Seattle
- Sectors
- Software, Developer tools, Code migration, Code remediation
EasyKnock Acquires Seattle Home Maintenance Startup Onder; CEO David Krieger Joins as Chief Product Strategy Officer
New York-based EasyKnock has acquired Seattle home maintenance startup Onder, integrating Onder's subscription-based services into EasyKnock's home equity platform. Onder's CEO David Krieger joins EasyKnock as chief product strategy officer amid a challenging venture capital environment prompting the merger.
Porch Group (PRCH) Raises $322M, Debuts on Nasdaq with $1B+ Valuation After SPAC Merger
Seattle-based home services technology company Porch (now Porch Group) went public via a SPAC merger and private investment, raising more than $322 million and debuting with a market value above $1 billion at $15 per share. Founder and CEO Matt Ehrlichman marked the Nasdaq opening bell on Dec. 24, 2020, and the company will trade under ticker PRCH.
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.
Kandela sues Porch and CEO Matt Ehrlichman for $11.5M, alleging fraud over earnout after April 2019 acquisition
Kandela, a Los Angeles moving-concierge startup acquired by Porch in April 2019, sued Porch and CEO Matt Ehrlichman in Los Angeles County Superior Court alleging fraud and breach of contract aimed at denying Kandela its earnout, seeking $11.5 million plus punitive damages.
