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# Thatch raises $108M Series C at a $1B valuation for employer health benefits
- URL: https://www.enterprisey.com/thatch-raises-108m-series-c-at-a-1b-valuation-for-employer-health-benefits/
- Published: 2026-09-15T21:45:00.000Z
- Updated: 2026-10-26T04:18:26.000Z
- Description: Thatch, whose platform lets employers give workers a fixed pre-tax health budget to pick their own plans, raised $108M at a $1B valuation. It says it serves more than 5,000 employers.
- Author: Enterprisey Admin
- Tags: News, Funding, HR & payroll

Thatch, whose platform lets employers give workers a fixed pre-tax health budget to pick their own plans, raised $108M at a $1B valuation. It says it serves more than 5,000 employers. ([TechCrunch](https://techcrunch.com/?p=3164314&ref=enterprisey.com); [Fierce Healthcare](https://www.fiercehealthcare.com/finance/thatch-secures-108m-series-c-backed-general-catalyst-and-index-ventures-reach-unicorn?ref=enterprisey.com); [MedCity News](https://medcitynews.com/2026/09/thatch-secures-108m-reaches-1b-valuation/?ref=enterprisey.com))

Backers include The General Partnership, Index Ventures, General Catalyst and Andreessen Horowitz, with ADP Ventures, Paychex and Eli Lilly joining as strategic investors. Thatch says annual recurring revenue grew almost sevenfold over the past twelve months. ([TechCrunch](https://techcrunch.com/?p=3164314&ref=enterprisey.com); [Fierce Healthcare](https://www.fiercehealthcare.com/finance/thatch-secures-108m-series-c-backed-general-catalyst-and-index-ventures-reach-unicorn?ref=enterprisey.com); [MedCity News](https://medcitynews.com/2026/09/thatch-secures-108m-reaches-1b-valuation/?ref=enterprisey.com))