New funding · Healthtech
Thatch raises $108m to expand health-benefits operations and development
The financing backs employer-funded individual health coverage, with twelve named participants and no disclosed conventional round stage.
Thatch raised $108 million in new funding, with participants including The General Partnership, Index Ventures, General Catalyst, Andreessen Horowitz, Paychex, Eli Lilly, Quiet Capital, Scale Venture Partners, Avid Ventures, SemperVirens, QuantumLight and ADP Ventures.
Proceeds support operations and development. The platform lets employers set health budgets while employees select individual insurance and use eligible funds for care, with enrollment, payment and compliance administration handled through the service.
Use of funds
Expand operations and development efforts
Funding history
New funding · This round$108M