Proptech Acquisition

Proptech Acquisition Corporation was a blank-check company, also known as a SPAC, incorporated for the purpose of effecting a merger, asset acquisition, stock purchase, or similar business combination with one or more businesses. The company, led by co-CEOs Thomas Hennessy and Joseph Beck, focused on targets in the real estate technology ("PropTech") sector. In December 2020, it successfully completed its business combination with Porch.com Inc., a vertical software platform for the home. The combined public company was renamed Porch Group, Inc. and now trades on the Nasdaq stock exchange.