When was Thatch founded?

Thatch was founded in 2021 and became a unicorn in 2026, reaching the milestone in 5 years. It raised its 1st funding round 2 years after its incorporation.

Where is Thatch located?

Thatch is headquartered in San Francisco, United States. It is registered at 353 KEARNY ST,SAN FRANCISCO,CA,94108,0.

Who is the current CEO of Thatch?

Chris Ellis of Thatch. They have also founded 1 company.

How many employees does Thatch have?

As of Mar 31, 2026, the latest employee count at Thatch is 198.

Is Thatch a funded company?

Thatch is a funded company, having raised a total of $192M across 4 funding rounds to date. The company's 1st funding round was a $5.6M Seed round, raised on Feb 15, 2023.

When was the latest funding round of Thatch?

Thatch's latest funding was a $108M Series C round on Sep 15, 2026, with participation from 12 investors. Its primary sector is HRTech. In United States, the HRTech sector has seen $2.16B in funding in 2026 to date.

Is Thatch a HRTech company?

The primary sectors of Thatch are HRTech, Finance & Accounting Tech, Payments and Employee Health IT.

Where does Thatch rank among its competitors?

Thatch ranks 51st amongst 222 active competitors, of which 76 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Thatch, which secured $108M in Sep, 2026.

Who are the top competitors of Thatch?

Thatch's top competitors include Hinge Health, Sharecare and Wellhub. Among them, Thatch secured the most recent funding round in September, 2026.

Thatch - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Thatch operate in

Thatch serves in the FinTech, HealthTech market segments.The primary business model of Thatch are:

Company Details

Provider of health cards for employees for health benefits. The company offers visa debit cards that can use to pay for healthcare to personalize the experience for each employee and reduce the burden of large bills.

Website: thatch.ai
Social
Email ID: *****@thatch.ai
Phone Number: +1 **********
Registered Address: 353 KEARNY ST,SAN FRANCISCO,CA,94108,0

Key Metrics

Founded Year

2021

Location

San Francisco, United States

Stage

Series C

Total Funding

$192M in 4 rounds

Latest Funding Round

Series C, Sep 15, 2026, $108M

Investors

Index Ventures & 16 more

Ranked

51^st among 222 active competitors

Employee Count

198 as on Mar 31, 2026

Similar Companies

Hinge Health & 566 more

View Thatch's full profile

Thatch is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
THATCH HEALTH, INC. CIN: 32086037341 , United States, Active	Aug 18, 2022	-	51 (As on Dec 31, 2024)	-
THATCH HEALTH INSURANCE SERVICES LLC CIN: 7073295 , United States, Active	Sep 06, 2023	-	1 (As on Dec 31, 2024)	-

Thatch has raised a total funding of $192M over 4 rounds. Its first funding round was on Feb 15, 2023. Its latest funding round was a Series C round on Sep 15, 2026 for $108M. 12 investors participated in its latest round. Thatch has 17 institutional investors.

Here is the list of recent funding rounds of Thatch:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 15, 2026	$108M	Series C	-	-	-	The General Partnership, Index Ventures, General Catalyst, Andreessen Horowitz, ADP, Paychex, Eli Lilly and Company, Scale Venture Partners, QuantumLight, SemperVirens, Quiet Capital, Avid Ventures
Apr 03, 2025	$40M	Series B	-	-	Index Ventures	Andreessen Horowitz, General Catalyst
Sep 05, 2024	$38M	Series A	-	-	General Catalyst, Index Ventures	The General Partnership, SemperVirens, Avid Ventures, Andreessen Horowitz

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View details of Thatch's funding rounds and investors

The founders of Thatch are Chris Ellis and Adam Stevenson. Chris Ellis is the CEO of Thatch.

Here are the details of Thatch's key team members:

Chris Ellis: Co-Founder & CEO of Thatch.
Contact Info: 1 email address
Adam Stevenson: Co-Founder of Thatch.
Contact Info: 1 email address

View details of Thatch's Founder profiles and Board Members

Thatch's employee count trend

Thatch has 198 employees as of Mar 26. Here is Thatch's employee count trend over the years:

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Top competitors of Thatch include Hinge Health, Sharecare and Wellhub. Here is the list of Top 10 competitors of Thatch, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hinge Health 2015, San Francisco (United States), Public	Provider of virtual physical therapy and digital pain care solutions	$854M	Tiger Global Management, Coatue & 14 others	83/100
2nd	Sharecare 2010, United States, Acquired	Provider of health and wellness social network for employees	$64M	Trinity Health, Summit Partners & 25 others	80/100
3rd	Wellhub 2012, New York City (United States), Series F	Cloud based corporate wellness program for employee health, productivity, and retention	$605M	Atomico, EQT & 29 others	76/100
4th	Sword Health 2015, New York (United States), Series E	Provider of AI-powered digital physical therapy and pelvic health solutions	$450M	Khosla Ventures, General Catalyst & 39 others	75/100
5th	HealthEquity 2002, Draper (United States), Public	Employee benefits management platform for individuals and businesses	$15.3M	Berkley Capital, Napier Park Global Capital ... & 4 others	74/100
6th	Accolade 2007, Plymouth Meeting (United States), Acquired	Cloud-based platform for employee health benefits	$228M	McKesson, Andreessen Horowitz & 17 others	74/100
7th	Healthee 2021, New York City (United States), Series B	AI-powered health benefits application for healthcare services	$84M	Glilot Capital Partners, Fin Capital & 9 others	73/100
8th	PayActiv 2012, San Jose (United States), Series C	Platform providng prepaid corporate cards for employee benefit	$134M	Generation Partners, Eldridge Industries & 7 others	72/100
9th	Carrum Health 2013, San Mateo (United States), Series B	Provider of health benefits for employees and individuals	$96M	Cross Creek, Alchemist Accelerator & 8 others	70/100
10th	Transcarent 2018, San Francisco (United States), Series D	Provider of employee health benefits solutions	$424M	7wire Ventures, General Catalyst & 18 others	70/100
51st	Thatch 2021, San Francisco (United States), Series C	Provider of health cards for employees for health benefits	$192M	Caffeinated Capital, Google Ventures & 15 others	51/100