Thatch, a company focused on healthcare system transformation, has secured a $40 million Series B funding round led by Index Ventures. The round also includes participation from Andreessen Horowitz, General Catalyst and other investors. The capital will help Thatch advance its mission of building a healthcare system that is personal and accessible for every American.
The company’s platform allows employers to offer a more flexible and personalized healthcare experience to their employees. Thatch’s model includes a tax-free healthcare budget that employees can allocate to health, dental and vision insurance plans, as well as other healthcare expenses. Thatch also integrates with major insurance carriers.
Since its launch in 2023, Thatch has served more than 1,000 businesses. Backed by its new funding, Thatch plans to deepen its integrations with insurance carriers and payroll systems and expand its team. Additionally, the company will work to increase awareness about its modern approach to healthcare benefits.
