Porch.com, a home improvement technology startup has announced its acquisition of Fountain, a San Francisco-based startup. The financial terms of the deal were not disclosed.
Founded in 2013 by Matt Ehrlichman, the startup Porch.com connects homeowners with home-improvement professionals. The rapidly growing company has raised over $100 million through funding. On the other hand, Fountain, founded by Mint.com’s founder Aaron Patzer provides an app that connects users to experts and professionals in a variety of fields, including medicine, beauty and home repair. The app helps in connecting with professionals in a matter of 90 seconds.
Further to the acquisition, Porch will move to its new office in San Francisco which served as headquarters of Fountain. Porch is also bringing on board Eric Doerr, who was previously a GM of Microsoft, as its first chief product officer and Jim Dantzler, x-head of UX Design for Amazon Instant Video, as its vice president of design. Also, Porch is laying off around 60 to 100 people as a result of putting an end to its in-home pilot program called “Home Assistant” that the company has started testing in Seattle and Chicago.
Porch claims that it will be focusing on its technology and product offerings after ending the Home Services pilot. Craig Cincotta, senior vice president and head of communications for Porch said, “We will continue to hire the right people for the right roles at the right time, in particular engineering, design and product are areas we will continue to see growth in.” The company has still not decided whether Fountain would remain available as a standalone app.
Network of Porch is very wide with more than 3.8 million professionals, with more than 138 million connections since the time of its founding. It also has a partnership with North Carolina-based Lowe’s Home Improvement, a big player in the home-improvement industry.