The General Partnership raises Thatch

SEPTEMBER 17, 2026

Thatch raises $108M led by The General Partnership

TARGET

ICHRA-based health benefits administration platform enabling employers to set tax-free budgets that employees use to choose individual health insurance plans and healthcare expenses.

Deal value	$108M invested
Ownership	VC-backed · The General Partnership, Index Ventures, General Catalyst, Andreessen Horowitz, Scale Venture Partners +7 more
Capital raised	~$193 million
Headcount	~200 FTEs
Headquarters	San Francisco, California
Leadership	Chris Ellis, Co-Founder and CEO Brian Patterson, Partner (Latham & Watkins LLP)

INVESTOR

The General Partnership

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The General Partnership -> Thatch  (2026-09-18)
vc_round | HR/Payroll | $108 million invested | announced
Target: ICHRA-based health benefits administration platform enabling employers to set tax-free budgets that employees use to choose individual health insurance plans and healthcare expenses.
Website: thatch.com
HQ: San Francisco, California | Ownership: vc-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/the-general-partnership-thatch.html

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