Thatch
Founded Year
2021Stage
Series B | AliveTotal Raised
$84MLast Raised
$40M | 8 mos agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+70 points in the past 30 days
About Thatch
Thatch is a modern health benefits platform operating in the financial technology and insurance services sectors. The company provides a solution that enables businesses to set healthcare budgets for employees, who can then personalize their healthcare experience by choosing their insurance plans and benefits. Thatch's platform is designed to simplify health benefits administration, offering tools like instant quotes, budget calculators, and a Thatch Visa debit card for healthcare expenses. It was founded in 2021 and is based in San Francisco, California.
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Thatch's Product Videos
ESPs containing Thatch
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The ICHRA platforms market consists of companies that offer software to provide individual coverage health reimbursement arrangement (ICHRA) plans. Most ICHRA platforms facilitate payments between employees (sponsored by their employers) and health insurers. ICHRA platforms typically offer employers online portals to administer ICHRA plans, with many companies also offering complimentary portals f…
Thatch named as Leader among 13 other companies, including Gravie, Sureco, and zizzl health.
Thatch's Products & Differentiators
HSA
Our Just-In-Time Health Savings Account (HSA) helps employees save on healthcare expenses.
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Research containing Thatch
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Thatch in 3 CB Insights research briefs, most recently on Oct 20, 2025.
Oct 20, 2025 report
Digital Health 50: The most promising digital health startups of 2025
Oct 16, 2025 report
Insurtech 50: The most promising insurtech startups of 2025
Aug 7, 2025 report
State of Insurtech Q2’25 ReportExpert Collections containing Thatch
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Thatch is included in 8 Expert Collections, including Fintech.
Fintech
9,809 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Insurtech
3,403 items
HR Tech
6,137 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Artificial Intelligence (AI)
20,894 items
Insurtech 50 2025
50 items
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Digital Health
12,122 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Latest Thatch News
Nov 3, 2025
This partnership integrates Williamsburg Therapy Group's concierge-level care model into Thatch's modern benefits ecosystem, giving employers and benefit consultants a trusted, clinically sophisticated mental health partner within the Individual Coverage Health Reimbursement Arrangement (ICHRA) and Health Savings Account (HSA) framework. WTG brings together doctoral-level psychologists, psychiatrists, and postdoctoral fellows delivering coordinated care through a network of state-of-the-art offices in New York, Austin, Chicago, and Miami. Employees using Thatch can now access private, in-person therapy experiences designed with the same attention to quality, design, and hospitality that define today's premium health and wellness environments. “Thatch is building the infrastructure for the next generation of employer health benefits, and Williamsburg Therapy Group brings the clinical excellence, design sophistication, and scale to match that vision,” said Dr. Daniel Selling, Founder and CEO of Williamsburg Therapy Group. “Together, we're making concierge mental health care accessible within modern, flexible benefit structures.” While telehealth has expanded access to care, Williamsburg Therapy Group's inclusion as Thatch's sole in-person provider underscores a growing recognition that face-to-face therapy remains the gold standard for meaningful clinical outcomes and genuine relationships. In-person sessions foster deeper connection, nonverbal attunement, and therapeutic alliance—factors consistently linked to better long-term results. As companies prioritize employee well-being, many are rediscovering the irreplaceable value of genuine human presence in the therapeutic process. By featuring WTG as its exclusive in-person partner, Thatch highlights a shift in employer benefits: mental health care is no longer an afterthought—it is central to total health strategy. This collaboration reflects a shared commitment to personalization, transparency, and the seamless integration of care. About Williamsburg Therapy Group Williamsburg Therapy Group is a doctor-led collective of psychologists and psychiatrists providing evidence-based, concierge mental health care. With locations in New York, Austin, Chicago, and Miami, WTG combines advanced clinical expertise with hospitality-driven service and design. About Thatch Thatch is a next-generation benefits platform enabling employers to offer flexible, personalized health coverage through ICHRA and HSA programs, simplifying access to high-quality care. View source version on businesswire.com: https://www.businesswire.com/news/home/20251103614242/en/ Contacts Media Contact: Press Office | Williamsburg Therapy Group contact@williamsburgtherapygroup.com www.williamsburgtherapygroup.com
Thatch Frequently Asked Questions (FAQ)
When was Thatch founded?
Thatch was founded in 2021.
Where is Thatch's headquarters?
Thatch's headquarters is located at 353 Kearny Street, San Francisco.
What is Thatch's latest funding round?
Thatch's latest funding round is Series B.
How much did Thatch raise?
Thatch raised a total of $84M.
Who are the investors of Thatch?
Investors of Thatch include Andreessen Horowitz, General Catalyst, The General Partnership, SemperVirens Venture Capital, Index Ventures and 10 more.
Who are Thatch's competitors?
Competitors of Thatch include StretchDollar and 2 more.
What products does Thatch offer?
Thatch's products include HSA and 2 more.
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Compare Thatch to Competitors
Lively is a provider of benefits solutions that includes Health Savings Accounts (HSA), Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA), Lifestyle Spending Accounts (LSA), and Medical Travel Accounts (MTA). The company focuses on benefits administration for individuals and employers. Lively was formerly known as HealtheeSavings. It was founded in 2016 and is based in San Francisco, California.
Inspira Financial focuses on providing financial wellness solutions in the financial services industry. The company's main services include acting as a directed custodian, where it holds assets for clients but does not provide investment, tax, or legal advice. The company offers health, wealth, retirement, and benefits solutions. It primarily serves employers, advisors, and institutions in the financial community. Inspira Financial was formerly known as Millennium Trust Company and is a result of PayFlex merging into Millennium Trust Company. It was founded in 2000 and is based in Oak Brook, Illinois.
Alegeus is a company that provides SaaS-based benefit funding and payment solutions within the healthcare sector. It has a platform that includes account-based benefit programs, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), COBRA administration, and lifestyle spending accounts. Alegeus serves health plans, third-party administrators, and financial services solution providers. It was founded in 2012 and is based in Waltham, Massachusetts.
Optum Bank is a leader in health accounts banking, operating within the financial services and healthcare sectors. The company primarily offers health-related financial products such as health savings accounts, flexible spending accounts, and electronic payment/processing services. These products are designed to help individuals and organizations manage healthcare expenses more effectively. It was founded in 2003 and is based in Salt Lake City, Utah.
HSA Bank provides healthcare finance and benefits administration within the financial services industry. The company offers tax-advantaged accounts and administrative solutions, such as Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefits. HSA Bank's services aim to assist individuals with healthcare costs, provide employers with benefit packages, and support brokers and partners. It was founded in 1997 and is based in Sheboygan, Wisconsin.
Take Command Health specializes in health reimbursement arrangements (HRAs) within the financial technology sector. The company provides HRA administration software that enables businesses of various sizes to reimburse employees for health insurance tax-free. Take Command Health's main offerings include QSEHRA administration for small businesses and ICHRA administration for companies of any size, aiming to offer flexible and affordable health benefits. It was founded in 2014 and is based in Richardson, Texas.
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