Thatch Raises $108M at $1B Valuation as Employers Shift Away From Traditional Health Plans

Health Platform Thatch Secures $108M Series C Amid Shift to Individualized Benefits

Thatch reaches a $1 billion valuation following a $108M Series C, as the federal government rebrands ICHRAs to CHOICE Arrangements to manage rising employer costs.

Health benefits platform Thatch reaches $1B valuation as healthcare costs surge

The five-year-old startup raised $108 million from The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz.

Thatch Raises $108M at $1B Valuation as Employers Shift Away From Traditional Health Plans

/PRNewswire/ -- Thatch, the health benefits platform helping employers move from traditional group health plans to a consumer-directed model, today announced...

Unicorn alert: Thatch raises $108M from General Catalyst and Index Ventures at $1B valuation

12 days before Thatch closed this round, the federal government renamed the regulation its whole business runs on.…

Thatch Reaches Raises $108M Raise to Expand Personalized Health Benefits

What You Should Know Thatch, the healthcare benefits platform transitioning employers from traditional group coverage to consumer-directed health budgets, raised $108 million in new funding at a $1 billion valuation on September 15, 2026.The financing round was co-led by The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz (a16z), with strategic participation from ADP Ventures, Paychex, Eli Lilly and Company, Scale …