COMPANY INFO
Thatch is a software development company founded in 2021, headquartered in San Francisco, California. It was founded by Adam Stevenson and Chris Ellis, with Chris Ellis serving as CEO. The company has between 51 and 200 employees and operates in the healthcare benefits industry. Thatch simplifies personalized healthcare for businesses by allowing them to set a budget for their employees, who can then personalize their healthcare experience through health insurance and additional benefits like mental health and fertility services. The official website is https://thatch.ai.
Thatch is a software development company founded in 2021, based in San Francisco, California. Specializing in healthcare benefits, Thatch simplifies personalized healthcare for businesses by allowing employers to set flexible health budgets, empowering employees to tailor their health insurance and select benefits such as mental health and fertility services. The company operates in the software and healthcare benefits sector, serving businesses across the US with a platform designed to improve employer healthcare offerings and employee satisfaction.
Thatch has demonstrated an impressive funding trajectory, raising approximately $83.2 million across three distinct funding rounds. The company's funding strategy emphasizes rapid scaling, platform development, and deep integration with key healthcare and payroll partners. Thatch’s backing from premier venture capital firms and notable angel investors highlights strong market confidence, supporting the company's mission to modernize and personalize health benefits for employers and employees alike. Major milestones include substantial follow-on investment in Series A and B rounds, which will fuel further platform expansion, employer adoption, and awareness initiatives.
The Series B funding round, led by Index Ventures, aimed to accelerate Thatch’s mission of building a more personal and accessible healthcare system. The capital is being used to deepen integrations with insurance carriers and payroll systems, drive team expansion, and boost overall awareness of modern benefits solutions.
Thatch’s Series A round was pivotal in scaling the platform to millions of users and enhancing employer and broker options. Led by General Catalyst and Index Ventures, the funds were allocated to product scalability, market outreach, and developing Thatch’s infrastructure to support broad adoption.
Thatch’s seed round, co-led by Wave Capital, Jenny Lefcourt, and Marc Randolph, supported the company’s launch and the initial development of its personalized healthcare benefits platform. The funding enabled early product validation and market entry.
Index Ventures is a leading global venture capital firm that has played a significant role in Thatch’s growth, leading both Series A and B rounds and offering extensive support in product scaling and go-to-market strategies.
General Catalyst, a renowned US venture capital fund, invested in the Series A and B rounds, providing key strategic guidance and financial resources to help Thatch expand its reach and optimize platform offerings.
SemperVirens is a specialized venture fund focused on workforce technology and benefits innovation. Their investment in Thatch underscores a belief in Thatch’s mission to transform healthcare accessibility for employees.
The General Partnership brings operational expertise and strategic resources, supporting Thatch’s efforts to expand employer and broker integrations.
Andreessen Horowitz is a top-tier Silicon Valley venture firm that participated in the Series B round, helping Thatch accelerate technical advancement and market adoption.
Avid Ventures backs transformative entrepreneurs, and their investment supports Thatch’s ambition to scale innovative employee benefits solutions.
Wave Capital was a lead investor in the seed round, facilitating early product development and Thatch’s initial market launch.
Jenny Lefcourt, well-known angel investor and partner at Freestyle, provided early confidence and capital to Thatch’s founding team.
Marc Randolph, co-founder of Netflix, invested in the seed round and offered mentorship, leveraging his experience to support Thatch’s early growth and vision.
ADP Ventures, the corporate venture arm of ADP, supports Thatch in integrating advanced payroll and benefits technologies for employers.
PeopleTech Partners is a community of senior HR and business leaders backing Thatch’s commitment to modernizing workplace health benefits.
Untapped Ventures invested in early rounds, supporting Thatch’s innovative approach to health insurance and benefits personalization.
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