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Health benefits platform Thatch reaches $1B valuation as healthcare costs surge

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CitrixNews Staff
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Health benefits platform Thatch reaches $1B valuation as healthcare costs surge

Thatch, a platform that lowers healthcare costs for employers while expanding plan choices for workers, has raised $108 million at a $1 billion valuation from existing investors: The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz.

The new fundraise comes 17 months after Thatch raised a $40 million Series B at a $410 million valuation, according to PitchBook.

Originally reported by TechCrunch. Read the full story at the original source.