Thatch Raises $108M at $1B Valuation as Revenue Grows 7x
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San Francisco – September 18, 2026 -- Thatch, a health benefits platform enabling employers to replace group health plans with individual employee budgets, has raised $108 million in new funding at a $1 billion valuation. The round was led by The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz, with participation from ADP Ventures, Paychex, Eli Lilly and Company, Scale Venture Partners, QuantumLight, SemperVirens, Quiet Capital, and Avid Ventures.