Thatch, a San Francisco-based health benefits platform, raised $38M in Series A funding led by Index Ventures and General Catalyst.

Additional investors include SemperVirens and The General Partnership, with ongoing support from Andreessen Horowitz (a16z) and Avid Ventures. The funding will be used to expand Thatch's team, enhance its technology, and accelerate customer acquisition.

Founded by Chris Ellis and Adam Stevenson, Thatch offers a personalized healthcare experience combining fintech and healthtech, simplifying benefit management for businesses.

Since its 2023 launch, Thatch has assisted hundreds of companies, from startups to large enterprises, in improving healthcare coverage and reducing costs.