# Thatch Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thatch-health

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.thatch.com
- Total disclosed funding: $196M
- Latest round: Series C (Sep 15, 2026)
- Investors on record: 17

## About

Based in California, US, and founded in 2021 by its CEO Chris Ellis, and co-founder Adam Stevenson, Thatch Health Inc. operates as a financial technology company that enables startups to provide competitive health and wellness benefits to their teams. In September 2026, Thatch Health, Inc. raised USD 108 million in series C funding co-led by The General Partnership, Index Ventures, General Catalyst Partners and Andreessen Horowitz, with participation from ADP Ventures, Avid Ventures, Quiet Capital, SemperVirens, Eli Lilly & Company, Paychex Inc., QuantumLight, and Scale Venture Partners.


Thatch Health Inc. provides a healthcare benefits platform that leverages financial infrastructure for healthcare spending and saving, allowing startups to provide health and wellness benefits to their employees. The company product includes a tech-enabled Health Savings Account, or HSA, a Thatch debit card for all healthcare expenses, on-demand access to resolve billing issues via text, and a dashboard for compliance and future distributions.

The company will use the September 2026 funding to expand its health benefits platform and support more employers and employees using individual health insurance plans.

## Funding rounds

- Series C, Sep 15, 2026, $108M — Index Ventures, General Catalyst Partners, Scale Venture Partners, Andreessen Horowitz, Paychex Inc., Eli Lilly & Company, Quiet Capital, SemperVirens, Avid Ventures, The General Partnership, QuantumLight, ADP Ventures
- Series B, Apr 3, 2025, $40M — Index Ventures, General Catalyst Partners, Andreessen Horowitz, SemperVirens, The General Partnership, ADP Ventures, PeopleTech Partners
- Series A, Jul 22, 2024, $42M — Index Ventures, General Catalyst Partners, Andreessen Horowitz, SemperVirens, Avid Ventures, The General Partnership
- Seed, Feb 15, 2023, $6M — Lux Capital, GV, Andreessen Horowitz, Quiet Capital, BrightEdge Ventures, Not Boring Capital

## Investors

- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed
- GV (https://capitalatlas.ai/funds/gv) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Seed, Series A, Series B, Series C
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed, Series C
- BrightEdge Ventures (https://capitalatlas.ai/funds/brightedge-ventures) — Seed
- Not Boring Capital (https://capitalatlas.ai/funds/not-boring-capital) — Seed
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C
- SemperVirens (https://capitalatlas.ai/funds/sempervirens) — Series A, Series B, Series C
- Avid Ventures (https://capitalatlas.ai/funds/avid-ventures) — Series A, Series C
- The General Partnership (https://capitalatlas.ai/funds/the-general-partnership) — Series A, Series B, Series C
- ADP Ventures (https://capitalatlas.ai/funds/adp-ventures) — Series B, Series C
- PeopleTech Partners — Series B
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series C
- Paychex Inc. — Series C
- Eli Lilly & Company — Series C
- QuantumLight (https://capitalatlas.ai/funds/quantumlight) — Series C