Thatch

Private

San Francisco, CaliforniaEnterprise Softwarehttps://jointhatch.com/

Last Round

Series B

Apr 3, 2025

Total Funding Raised

$84M

Company Overview

Thatch is a fintech and healthcare company that provides a modern health benefits platform using an Individual Coverage Health Reimbursement Arrangement (ICHRA).

Sector

Enterprise Software

Verticals

HR, InsurTech, Compliance, Vertical SaaS

Business Model

B2B

Customer Profile

Subscription SaaS, Marketplace Commission, Payment Processing Fee

AI Layer

Application

Keywords

ICHRA administrationhealth benefits platformICHRAIndividual Coverage Health Reimbursement Arrangementdefined contribution health benefitshealth stipendemployee benefits administrationHRA softwarehealthcare spending cardPEPM billingACA compliancepayroll integrationhealth and wellness marketplaceAI employee support

Historical Pricing

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Caplight Momentum Score

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Thatch Comps

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Thatch comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Thatch Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Series B	Apr 3, 2025
Series A	Sep 5, 2024
Seed	Feb 15, 2023

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Thatch Investors

Notable investors and investment history

Thatch investors
Investor	Rounds
Andreessen Horowitz	Series B, Series A, Seed
ADP Ventures	Series B
GV	Seed
BrightEdge	Seed
Lux Capital	Seed
The General Partnership	Series B, Series A
Not Boring Capital	Seed

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Market signals

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Apr 3, 2025
$40M round led by Index Ventures
Sep 5, 2024
$38M round led by General Catalyst and Index Ventures.

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Thatch Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Thatch Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersSan Francisco, California

Year Founded2021

Last FundingApr 3, 2025

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