When was Thatch founded?

Thatch was founded in 2021 and raised its 1st funding round 2 years after it was founded.

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 $83.6M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Feb 15, 2023.

When was the latest funding round of Thatch?

Thatch's latest funding was a $***** Series B round on Apr 03, 2025, with participation from 3 investors. Its primary sector is HRTech. In United States, the HRTech sector has seen $643M in funding in 2026 to date.

Where does Thatch rank among its competitors?

Thatch ranks 24th amongst 312 active competitors, of which 101 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Jeeves, which secured $100M in Dec, 2025.

Who are the top competitors of Thatch?

Thatch's top competitors include Accolade, Hinge Health and Sharecare. Among them, Jeeves secured the most recent funding round in December, 2025.

Thatch - 2026 Company Profile, Team, Funding & Competitors

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 B

Total Funding

$83.6M in 3 rounds

Latest Funding Round

Series B, Apr 03, 2025, $*****

Investors

Index Ventures & 11 more

Ranked

24^th among 312 active competitors

Employee Count

198 as on Mar 31, 2026

Similar Companies

Zaggle & 676 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	Documents
THATCH HEALTH INSURANCE SERVICES LLC CIN: 7073295 , United States, Active	Sep 06, 2023	-	1 (As on Dec 31, 2024)	-
THATCH HEALTH, INC. CIN: 32086037341 , United States, Active	Aug 18, 2022	-	51 (As on Dec 31, 2024)	-

Thatch has raised a total funding of $83.6M over 3 rounds. Its first funding round was on Feb 15, 2023. Its latest funding round was a Series B round on Apr 03, 2025 for $*****. 3 investors participated in its latest round. Thatch has 12 institutional investors.

Here is the list of recent funding rounds of Thatch:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 03, 2025	9405912	Series B	7112572	1016761	7977453	8979774
Sep 05, 2024	2084677	Series A	3326313	2259759	6949690	The General Partnership & 3 more
Feb 15, 2023	2815759	Seed	7181842	9575670	Andreessen Horowitz & 1 more	Lux Capital & 3 more

Access funding benchmarks and valuations. Sign up today!

View details of Thatch's funding rounds and investors

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

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

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

Uncover Thatch's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Thatch include Accolade, Hinge Health and Sharecare. 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	Accolade 2007, Plymouth Meeting (United States), Acquired	Cloud-based platform for employee health benefits	$228M	McKesson, Andreessen Horowitz & 17 others	83/100
2nd	Hinge Health 2015, San Francisco (United States), Public	Provider of virtual physical therapy and digital pain care solutions	$854M	Coatue, Tiger Global Management & 13 others	82/100
3rd	Sharecare 2010, United States, Acquired	Provider of health and wellness social network for employees	$64M	Trinity Health, Wellington & 25 others	79/100
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 & 36 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	75/100
6th	Cigna 1792, Philadelphia (United States), Public	Provider of health insurance, dental plans and medicare coverage	-	JANA Partners, Tekla Capital Management & 3 others	75/100
7th	Sodexo 1966, Issy les Moulineaux (France), Public	Provider of food services and facilities management for various industries	-	Europa	74/100
8th	Wellhub 2012, New York City (United States), Series F	Cloud based corporate wellness program for employee health, productivity, and retention	$85M	General Atlantic, EQT & 21 others	74/100
9th	Healthee 2021, New York City (United States), Series B	AI-powered health benefits application for healthcare services	$84M	Glilot Capital Partners, Fin Capital & 8 others	73/100
10th	Jeeves 2019, New York City (United States), Series C	Digital company offering payment and corporate financial cards	$380M	CRV, GIC & 71 others	72/100
24th	Thatch 2021, San Francisco (United States), Series B	Provider of health cards for employees for health benefits	$83.6M	Index Ventures, Google Ventures & 10 others	63/100