Thatch

Thatch ARR grows 7x in 12 months, raises $108M Series C at $1B valuation

Thatch announced a $108M Series C funding round, bringing its valuation to $1B. The company reported significant growth with ARR increasing nearly 7x in the past year, alongside onboarding over 5,000 employers to its healthcare platform. Thatch enables employers to allocate health budgets for their employees, allowing them to select personalized insurance and care options. Key investors in this round include The General Partnership, Index Ventures, General Catalyst, Andreessen Horowitz, Scale Venture Partners, Avid Ventures, SemperVirens VC, Quiet Capital, and QuantumLight, with strategic support from ADP Ventures, Paychex, and Eli Lilly and Company.