Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Thatch is a privately held healthcare-fintech/software company founded in 2021. Its mission is to make employer healthcare more personalized and portable by replacing one-size-fits-all group benefits with employer-funded, employee-selected coverage.
Primary product
An all-in-one Individual Coverage Health Reimbursement Arrangement (ICHRA) platform: employers set a budget, while employees choose individual health plans and eligible wellness/health services. The product includes plan selection and enrollment, reimbursements, payroll/HCM integrations, compliance tools, a health-services Marketplace, and a Thatch Visa debit card; Thatch also offers Ask Thatch, an AI-powered expense-verification service.
Founded
2021
Headquarters
San Francisco, California, United States
Team size
150-200 (official site says 150+; third-party company data reports 161 and another source reports 198 as of March 2026)
Work style
Remote
Industry
Software Development / Healthcare Technology
Sub-industry
Employer benefits administration, ICHRA, health-insurance fintech, healthcare payments
Offices
Business model
Leadership
Co-founder and CEO
Adam Stevenson
Co-founder and President
Chief Growth Officer
COO & CLO
Head of Engineering
Remote-first and distributed, with optional offices. Public company materials emphasize user obsession, ownership, bias toward action, trust, empathy, clarity over ceremony, quality over shortcuts, feedback, lifelong growth, and promotion from within.
Work style
Remote
Compensation
Public job postings show role-specific ranges including $161,000-$230,000 for a backend/full-stack software-engineering role and $110,000-$120,000 for a People Operations Generalist. Equity and complete benefits details were not reliably public in the reviewed sources. Job applications ask whether candidates require US visa sponsorship, but that does not establish a sponsorship policy.
Benefits
Pricing
Public pricing was not clearly disclosed; the site provides a quote flow and plan-related pages, indicating quote-based B2B pricing rather than a public self-serve price list.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $40M-$50M; one third-party company profile estimates $42M. This is an estimate, not a company-reported financial statement.
Estimated monthly visits
118.9K
Traffic estimate as of Jun 2026
Thatch announced an agreement under which Venteur’s employers, employees, and broker partners would transition to Thatch’s platform. The announcement describes a customer/platform transition; it does not establish that Thatch acquired Venteur’s corporate entity.
SourceThatch Blog · Apr 2026
Thatch announced an agreement to transition Venteur customers and brokers onto its platform, expanding its ICHRA footprint and benefits distribution.
Thatch · Apr 2026
Thatch announced a platform transition for Venteur’s employers, employees, and broker partners.
ADP / PR Newswire · Dec 2025
Thatch became available within ADP’s RUN payroll platform, enabling ICHRA quoting and activation with payroll deductions and carrier-payment automation.
Thatch Blog · Apr 2025
Thatch launched its Marketplace, a curated ecosystem of health and wellness services payable with tax-free benefit balances, including partners such as Truemed, Prenuvo, AliveCor, Lyra Health, Grow Therapy, and Teal Health.
TechCrunch · Apr 2025
TechCrunch reported $84.5M total equity raised, more than 1,000 companies onboarded, 8x year-over-year revenue growth, and the company’s employee-focused marketplace/debit-card model.