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Thatch, a San Francisco-based healthtech startup, has secured $40 million in Series B funding led by Index Ventures, with participation from Andreessen Horowitz and General Catalyst, bringing total funding to $84.5 million since its inception in October 2021. The company, which offers Individual Coverage Health Reimbursement Arrangements (ICHRA) to employers, has seen its valuation triple since its Series A round in February 2024 and has onboarded over 1,000 companies, including Dave’s Hot Chicken and Jersey Mike’s. Thatch plans to utilize the new funds to enhance its platform and expand within the employer-sponsored healthcare sector.
Allstate Health Solutions has partnered with Thatch and Ambetter Health to introduce an Individual Coverage Health Reimbursement Arrangement (ICHRA), enabling employers to reimburse employees tax-free for individual health insurance premiums and eligible medical expenses. This collaboration enhances offerings for Intuit QuickBooks customers, providing access to a variety of health plans tailored to workforce needs. Thatch's platform simplifies plan selection, allowing employees to manage their healthcare budgets effectively.
Chris Ellis
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
healthtech startup thatch secures 40 million in series b funding
07:20 04.04.2025
allstate health solutions partners to enhance employee healthcare reimbursement options
16:00 14.11.2024
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