PropTech Acquisition completed the merger with Porch in a $523m deal.

PropTech Acquisition, a special purpose acquisition company, completed the acquisition with Porch, a software and services platform for the home inspection and home service industries, from private equity firms Battery Ventures, Valor Equity Partners, Panorama Point Partners, FJ Labs, Moderne Ventures and The Founders Fund Growth Management, in a $523m deal. With the closing, the combined company has been renamed “Porch Group" and its common stock and warrants will begin trading on The Nasdaq under the ticker symbols "PRCH" and “PRCHW”. “Today is a momentous day for our company, our employees and our shareholders. We set out to build a truly great company that makes the home simple, from moving to maintenance and everything in between. It has been an amazing journey building Porch to where it is today, but we truly believe we are just now getting started," Matt Ehrlichman, Porch Founder, and CEO.