COMPANY PROFILE

Thatch

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Employer health budgets and ICHRA/CHOICE benefits platform

San Francisco, United StatesFounded 2021Health Tech & Medtech

Valuation $1–2.5B Last recorded · 2026

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Thatch

Thatch is a U.S. health-benefits company that helps employers replace traditional one-size-fits-all group plans with tax-free health budgets (ICHRA / CHOICE arrangements) so employees can buy individual insurance and eligible care that fits their lives. Founded about five years ago and led by co-founder and CEO Chris Ellis, Thatch integrates with payroll and PEOs including Gusto, Justworks, Paychex and ADP RUN, and offers Thatch Market for wellness and care spending (e.g. mental health and diagnostics) funded from leftover budget dollars. The company says it serves more than 5,000 employers with roughly 7x year-over-year revenue growth ahead of its latest round. In September 2026 Thatch raised a $108 million Series C at a $1 billion valuation from The General Partnership, Index Ventures, Scale Venture Partners, General Catalyst, Andreessen Horowitz and others, with strategic participation from Eli Lilly and Company, ADP Ventures and Paychex, to deepen carrier partnerships, payroll integrations and member tools. Sources: Thatch blog 15 Sep 2026; TechCrunch 15 Sep 2026; PR Newswire.

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At a glance

Status: Operational
Founded: 2021
Headquarters: San Francisco, United States
Employees: 183
Open positions: 7
Dealroom signal: 94.3/100
Industry: Health, Fintech
Sub-industry: Medical Devices, Health Platform, Financial Management Solutions
Sector: Health Tech & Medtech, Human Resources, Personal Finance, Employee Well-Being, Employee Benefits
Technology: Artificial Intelligence
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES BOther financing	Apr 2025	$40M	$160M	General Catalyst · Andreessen Horowitz · PeopleTech Partners · SemperVirens VC	↗
SERIES AOther financing	Sep 2024	$38M	$152M	SemperVirens VC · Avid Ventures · Index Ventures · Andreessen Horowitz	↗

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Growth signals

Thatch website traffic

Latest recorded traffic for Thatch is 120K monthly website visits, up 20% over the last three months. Thatch's team grew 17.3% over the past year.

Latest monthly visits120K 3-month web change+20% 1-year team growth+17.3%

Monthly website visitsFeb 2023–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Operations Specialist, Payroll ReconciliationAustin, TX · Accounting · Sep 5, 2026 Operations Specialist, Billing and CollectionsAustin, TX · Accounting · Sep 4, 2026 Customer Advocacy ManagerAustin, TX · CSM & Support · Sep 3, 2026 Sales Development RepresentativeAustin, TX · Sales · Sep 2, 2026 SEO & Performance Content LeadNew York, New York, United States, Northern America, Americas · Marketing & Communication · Aug 11, 2026 Growth Marketing LeadNew York, New York, United States, Northern America, Americas · Marketing & Communication · Aug 11, 2026 Revenue Strategy & Operations AssociateAustin, TX · Accounting · Aug 7, 2026 Video CreativeSan Francisco, CA · Marketing & Communication · Aug 7, 2026

8 distinct openings shownExplore hiring signals →

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