About Thatch
Thatch is a company based in San Francisco (United States) founded in 2021 by Chris Ellis. It operates as a SaaS (Software-as-a-Service) and Two-Sided Marketplace. Thatch has raised $191.6 million across 4 funding rounds from investors including Index Ventures, Andreessen Horowitz and General Catalyst. Thatch offers products and services including ICHRA Platform, Thatch Marketplace, and Thatch Visa Debit Card. Thatch operates in a competitive market with competitors including Hinge Health, Accolade, Sharecare, Betterfly and Wellhub, among others.
- Total Equity Funding$191.6M (USD)
in 4 rounds
- Latest Funding Round$108M (USD), Series C
Sep 2026
- InvestorsIndex Ventures
& 15 more
Products & Services of Thatch
Thatch offers a comprehensive portfolio of products and services, including ICHRA Platform, Thatch Marketplace, and Thatch Visa Debit Card.
A platform for personalized employee health benefits management.
Marketplace for health and wellness services access.
Debit card for healthcare expenses and costs.
Apps and channels of Thatch
its YouTube channel Thatch has 8 subscribers.
Funding Insights of Thatch
Thatch has successfully raised a total of $191.6M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $108 million completed in September 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $191.6M
- Total Rounds 4
- Last Round Series C — $108M
- First Round $5.6M
(Feb 2023)
- Investors Count 16
All 4 funding rounds of Thatch with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2026 | $108M | Series C | – | – | |
| Apr 2025 | $40M | Series B | – | Index Ventures | |
| Sep 2024 | $38M | Series A | – | General Catalyst, Index Ventures | |
| Feb 2023 | $5.6M | Seed | – | a16z, Google Ventures |
16 investors in total: 16 institutional.
Investors in Thatch
Thatch has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Index Ventures, Andreessen Horowitz and General Catalyst.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups and entrepreneurs. | – | indexventures.com | - | |
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | – | a16z.com | - | |
Investment and transformation services for entrepreneurs in technology and finance sectors. | – | generalcatalyst.com | - | |
Venture capital firm early-stage investments | – | thegp.com | San Francisco, United States | |
Investments are directed by SemperVirens Venture Capital toward multiple sectors. | – | sempervirensvc.com | New York, United States | |
Early-stage startups are supported by Avid Ventures through investments. | – | avidventures.com | New York, United States | |
Corporate backed venture capital fund investing in multiple sectors | – | gv.com | Mountain View, United States | |
Seed and early-stage technology companies are funded by Lux Capital. | – | luxcapital.com | Menlo Park, United States | |
Investments are managed by Quiet Capital in New York. | – | quiet.com | New York, United States | |
Venture capital firm focused on early-stage web 3, biotech, energy, education, supply chain, and multiple sectors | – | notboring.co | New York, United States |
Investor details for Thatch
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Thatch
1 people are tracked at Thatch (1 in leadership).
| Name | Role | Group |
|---|---|---|
Chris Ellis | Co-Founder & CEO | Leadership |
Complete people profiles for Thatch
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Thatch
3 dated milestones of Thatch across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Thatch is founded.
- Funding First funding round of $5.6M.
- Funding Latest funding round, Series C, of $108.0M.
Competitors of Thatch
Thatch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Accolade, Sharecare, Betterfly and Wellhub, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | – | Employee health benefits are facilitated via a cloud-based platform. | |
| sharecare.com | 2010 | Atlanta, United States | $64M | 1,988 | Health and wellness social network for employees is provided. | |
| betterfly.com | 2018 | Santiago, Chile | $202.5M | – | Employee health and well-being solutions are delivered through a platform. | |
| wellhub.com | 2012 | New York, United States | $85M | 213 | Cloud-based wellness programs are offered for employee health and productivity. | |
| sodexo.com | 1966 | – | – | 423,000 | Employee benefits payment cards are provided via an online platform. | |
| cerner.com | 1979 | North Kansas, United States | – | 5,159 | Online platform for employee health benefits | |
| optum.com | 2011 | Eden Prairie, United States | $250,000 | 140 | Optum is recognized as a leading health solution and care delivery organization. | |
| claralabs.com | 2014 | San Francisco, United States | $11.75M | 21 | Meetings are scheduled using AI by adding Clara to emails. | |
| edenhealth.com | 2004 | New York, United States | $106.61M | 223 | Provider of medical practice platform for concierge physician and employee |
Detailed competitors of Thatch
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Thatch
The website of Thatch (thatch.ai) receives about 4.9K visits a month.
- Monthly visits4.9K
▼ 64.4% vs previous month
Websites whose visitors overlap most with Thatch. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| decent.com | 100% | 12.2K | #2,051,480 | View details | |
| pazcare.com | 94% | 67.9K | #504,640 | View details | |
| indexventures.com | 94% | – | #302,583 | View details | |
| peoplekeep.com | 80% | 98.5K | #291,350 | View details | |
| takecommandhealth.com | 79% | 98.8K | #248,407 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Thatch
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 24 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Thatch
Complete news archive for Thatch
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Thatch
10 companies that operate in the same segment as Thatch (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, France | USD 717.15 M | – | – | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | – |
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Frequently Asked Questions about Thatch
Thatch was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Thatch is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Chris Ellis is the current CEO of Thatch. They have also founded this company.
Thatch is a funded company, having raised a total of $191.6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $5.6M, raised on Feb 2023.
Thatch is operated as an all-in-one platform for providing personalized healthcare experiences through ICHRA (Individual Coverage Health Reimbursement Arrangement). Employers are enabled to set budgets, while employees are empowered to choose suitable health, dental, and vision plans from top carriers. The Thatch Marketplace is curated to offer exclusive health and wellness services. Solutions are designed for startups, small businesses, and enterprises, ensuring flexibility and compliance. Integration with payroll systems is supported seamlessly, and administrative burdens are reduced for employers.
Thatch's top competitors include Accolade, Hinge Health and Wellhub.
Thatch offers ICHRA Platform, Thatch Marketplace, and Thatch Visa Debit Card.
Thatch has 16 investors. Key investors include Index Ventures, Andreessen Horowitz, General Catalyst, The General Partnership, and SemperVirens Venture Capital.
Thatch operates through Thatch Health, Inc..