- Thatch is a modern health benefits platform specializing in Individual Coverage Health Reimbursement Arrangements (ICHRA), positioned as a leading solution for flexible health benefits administration.
- In April 2025, Thatch raised $40 million in a Series B funding round led by Index Ventures, with participation from notable investors including Andreessen Horowitz and General Catalyst, bringing total funding to $84 million.
- Thatch recently partnered with ADP to integrate its ICHRA solutions into the RUN Powered by ADP payroll platform, enabling over 900,000 small businesses to offer customizable health coverage options.
- Thatch's ideal buyers are small to mid-sized businesses seeking to simplify health benefits administration and provide flexible options to employees, addressing the pain point of outdated employer-driven health plans.
Thatch's workforce is organized into ten departments, with Operations being the largest at six employees, followed closely by Engineering, Executive, and Marketing, each with four employees. The company maintains a balanced functional mix, ensuring diverse expertise across its operations. Notably, Community and Social Services, along with Human Resources, contribute to the organizational structure, reflecting a commitment to both internal and external engagement.
Thatch operates across ten locations, with the largest presence in San Francisco, CA, housing four employees. Other notable locations include Sacramento and Charlotte, each with two employees. The 'Other' category indicates a significant distribution of workforce across various regions, suggesting a remote or hybrid work model that enhances geographic flexibility while maintaining a concentrated operational base.
