Thatch, an employer-focused well being advantages platform, introduced it has raised $38 million in Sequence A funding led by Common Catalyst and Index Ventures.
New traders SemperVirens and Common Partnership participated within the spherical, in addition to current traders Andreessen Horowitz (a16z) and Avid Ventures.
what it does
Thatch provides ICHRA profit plans for employers, permitting them to set a month-to-month allowance for his or her staff to spend on advantages of their selection.
Staff select plans accessible of their space based mostly on their wants, and employers pay a hard and fast quantity per worker every month.
The California-based firm will use the funds to develop its workforce, speed up development and scale its expertise.
“We’re excited to help the Thatch staff as they reimagine the way forward for well being advantages,” Alex Tran, managing director at Common Catalyst, mentioned in an announcement.
“Final yr, we noticed them rent unbelievable expertise, win an enormous variety of clients and ship merchandise shortly. Thatch provides a robust worth proposition to clients: staff acquire extra selection and high quality in well being care; Employers acquire extra visibility into their spending.
Market overview
Quite a few digital well being corporations concentrate on Worker advantages market.
well being personification Present well being, navigation, welfare and well-being experiences, and data-driven personalization. Personify is the results of a $3 billion merger between Virgin Pulse, an action-first worker well being and engagement firm, and HealthComp, a advantages and analytics platform.
Different corporations embody employer-focused digital psychological well being suppliers Lyra Well being and Accolade, a digital well being care, care and advantages navigator.
The HIMSS Healthcare Cybersecurity Discussion board is scheduled to be held in Washington, D.C., from October 31 to November 1
