Originally published by FinSMEs on February 16, 2023
Thatch, a San Francisco, CA-based provider of a healthcare benefits platform for startups, raised over $6M in total funding, including a pre-seed and seed round.
The seed round was led by a16z and GV, with participation from Lux Capital, Quiet Capital, Not Boring Capital, and BrightEdge.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Founded in 2021 by Chris Ellis and Adam Stevenson, Thatch provides a health benefits platform that enables startups to provide competitive health and wellness benefits to their teams. The platform includes a tech-enabled Health Savings Account, or HSA, a debit card for all healthcare expenses, on-demand access to experts who can resolve billing issues via text, and a dashboard that brings everything together.