Porch.com, a VC-backed home services startup, is going public with a blank-check company, one of the first such deals for the proptech world. The Seattle-based firm said Friday it entered a definitive agreement to merge with PropTech Acquisition Corp., a company formed last year by Abu Dhabi Investment Authority veterans Thomas Hennessey and Joseph Beck. The deal gives Porch.com an enterprise value of $523 million with an equity value of $728 million and $205 million
source https://therealdeal.com/2020/07/31/porch-com-to-go-public-in-523m-deal/
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