Thatch
Thatch is a healthcare benefits platform for employers that raised $84M in a 2025 Series B. It has 223 employees.
The growth story
Thatch grew from 13 to 223 employees between 2022 and 2026, raising $84M along the way, most recently a Series B in April 2025.
About
Thatch sells software that lets companies customize and manage employee healthcare benefits. Employers use it to set budgets while giving workers more choice in coverage options.
The company has raised $84M, including from Andreessen Horowitz and General Catalyst. It employs 223 people, with engineering making up its largest department at 36 staff.
Founders and leadership
Engineering is the biggest team with 36 people. The company has a median tenure of 1 year, suggesting rapid recent hiring or turnover.
The Thatch org chart
Chris Ellis (Co-founder and CEO) leads 49 mapped leaders with 5 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Sales 48 (+92% YoY), Engineering 43 (+72% YoY), Operations 28 (+250% YoY), Customer Success and Support 15 (+88% YoY), Information Technology 14 (+100% YoY), Business Development 11 (+38% YoY).
Talent flow
Many employees previously worked at Stripe (21), Venteur (14), and Google (10). Alumni have founded at least 3 companies, including Cambrian and BizPort.
Most common previous employers of Thatch staff: Stripe (21), Venteur (14), Google (10), Brex (8), Square (8), Plaid (6). Former Thatch employees most often moved to Cambrian (1), BizPort (1), Betterfly (1), American Terawatt (1), fal (1), NYU Stern School of Business (1).
Alumni worth knowing
The Thatch mafia
Thatch alumni founded Cambrian (19 staff), BizPort (2 staff), and Flourish XV. The most notable is Cambrian with one founder and 19 employees.
3Rex Salisbury, was Investor until 2000Kyle Morioka, was Advisor until 2025Josh Hilgers, was Head of Employer Alliances until 2026Hiring now
Web traffic
Traffic mix: 57% direct, 33% search, 3% social, 1% paid.
What this company is made of
Most common skills at Thatch: Leadership (87), Microsoft Office (73), Microsoft Excel (69), Customer Service (68), Public Speaking (66), Project Management (62), Microsoft PowerPoint (52), Sales (51).
Where the team actually sits
Thatch people are concentrated in California, United States (29), Texas, United States (20), United States (13), New York, United States (11).
Search footprint
Thatch attracts about 5,611 organic search visits a month, traffic worth roughly $377K a month if bought through ads. It gained 2,914 ranking keywords and lost 1,496 in the last period.
Frequently asked
Thatch has 223 employees as of September 2026.
Thatch has raised $84M in total, most recently a Series B round in April 2025.
Thatch was founded in 2021 by Chris Ellis, Adam Stevenson.
Chris Ellis (Co-founder and CEO) sits at the top of Thatch's reporting structure, with 5 direct reports.
The most common previous employers of current Thatch staff are Stripe (21 people), Venteur (14 people), Google (10 people).
Former Thatch employees most often move to Cambrian (1), BizPort (1), Betterfly (1).
At least 3 companies have a founder who previously worked at Thatch, including Cambrian, BizPort, Flourish XV.
Thatch attracts about 5,611 organic search visits a month, worth roughly $377K a month in equivalent ad spend.
The most common skills among Thatch staff are Leadership, Microsoft Office, Microsoft Excel, Customer Service, Public Speaking.
Thatch staff are concentrated in California, United States (29), Texas, United States (20), United States (13).
Thatch has about 48 people in Sales, up 92% over the past year, as of September 2026.
Thatch has about 43 people in Engineering, up 72% over the past year, as of September 2026.
Computed from 169 current and 31 former Thatch profiles, as of September 2026. Source: Crustdata.
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