Insurtech Insights
Healthcare Startup Thatch Secures $40 Million in Series B Funding
Healthcare Startup Thatch Secures $40 Million in Series B Funding
San Francisco-based healthcare startup Thatch has raised $40 million in a Series B funding round led by Index Ventures, with participation from Andreessen Horowitz, General Catalyst, ADP Ventures, SemperVirens, PeopleTech Partners, and The General Partnership.

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Founded in 2021, Thatch specialises in helping employers provide Individual Coverage Health Reimbursement Arrangements (ICHRA) to their employees. Since launching its platform in 2023, the company has helped over 1,000 businesses implement its healthcare solution.

Alongside the funding announcement, Thatch revealed a key leadership hire: Gary Daniels, former CEO of UnitedHealthcare’s Pacific Northwest division, will join the company as Chief Growth Officer. Daniels brings extensive experience in the healthcare industry and will help drive Thatch’s expansion efforts.

The new capital will be used to scale operations, enhance product offerings, and expand Thatch’s market reach, as the company continues to reshape employer-sponsored healthcare.

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