Thatch
A US health-benefits technology platform centered on the Individual Coverage Health Reimbursement Arrangement (ICHRA) model. Its software automates employee health-benefit administration for small and medium-sized businesses, supporting compliance management, account settlement, and insurance marketplace integration.
Timeline (last 90 days)
Health benefits platform Thatch has completed a funding round of $108 million.
Following the completion of this funding round, Thatch's valuation surpassed $1 billion, making it a unicorn company.
Thatch was founded five years ago.
Thatch's current funding round was jointly participated in by The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz (a16z).
Thatch productizes the HRA model through software automation of compliance management, account settlement, and insurance marketplace integration.