HomeUSAThatch Raises $38M in Series A Funding

Thatch Raises $38M in Series A Funding

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Thatch

Thatch, a San Francisco, CA-based personalized health benefits platform for businesses, raised $38M in Series A funding.

The round was led by Index Ventures and General Catalyst, along with new investors SemperVirens and The General Partnership, with participation from existing investors including Andreessen Horowitz (a16z) and Avid Ventures.

The company intends to use the funds to expand its team, continue to scale its technology platform, and accelerate customer acquisition.

Led by Chris Ellis and Adam Stevenson, Thatch provides a platform that offers personalized healthcare experience combining fintech and healthtech solutions, and an interface that simplifies the complex process of healthcare benefit management for both employers and employees.

Key features include:

  • Simplified budget setting and fund allocation for employers
  • Personalized plan selection tools for employees
  • Integration of tax incentives and credits
  • Cost savings through pooled buying power

Since launching in 2023, Thatch has helped hundreds of companies across every sector of the economy improve their healthcare coverage while curbing costs. Customers range from AI startups and small businesses to nonprofits and large enterprises with thousands of employees.

FinSMEs

05/09/2024

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