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Deal · Funding15 September 2026 · Closed

Thatch raises $108 million at $1 billion valuation

The valuation more than doubles from $410 million 17 months ago, as annual recurring revenue grew about sevenfold and enrollment passed 5,000 employers.

Thatch Issuer · The General Partnership Investor · Index Ventures Investor · General Catalyst Investor · Andreessen Horowitz Investor · ADP Ventures Investor · Paychex Investor · Eli Lilly and Company Investor · Scale Venture Partners Investor · QuantumLight Investor · SemperVirens Investor · Quiet Capital Investor · Avid Ventures Investor

Intelligence

The deal

Type
Funding
Amount
$108M
Status
Closed
Round
new funding
Valuation
$1B
Region
United States
Date
15 September 2026

As of this development: a later development may record new terms.

Lifecycle

  1. AnnouncedNot recorded
  2. Closed15 September 2026 · This development

The parties

Thatch Issuer

1 development · 1 deal in Minutes

The General Partnership Investor

1 development · 1 deal in Minutes

Index Ventures Investor

3 developments · 3 deals in Minutes

General Catalyst Investor

5 developments · 5 deals in Minutes