The problem
Group health plans get pricier every year and give employees no choice of coverage
What they do
ICHRA platform letting employers give staff a tax-free budget to buy health insurance
Traction Revenue ~7x YoY; 5,000+ employers (Sep 2026)
Hiring trend
- Open roles
- 28
- Ops roles
- 3
- Headcount
- ~222 (Tracxn est.)
~222 staff (Tracxn est.); 32 open roles
Hiring in
- Austin
- San Francisco
- New York
- Remote (US)
Funding
- Last round
- $108M
- Stage
- Series C
- Date
- Sep 2026
Led by The General Partnership
- Hiring+1.528 open roles on the live job board (10–29 roles = +1.5)
- Funding recency+2Series C · $108M, Sep 2026 (1 month ago): 6 months or less = +1.5, $100M+ round +0.5
- Traction+1.5Strong growth: Revenue ~7x YoY; 5,000+ employers (Sep 2026)
- Red flags0None found in the last 24 months
- Total5.01.5 + 2 + 1.5 − 0 = 5.0 → Sprint (4.75 or more)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: hard to leave
Serves 5,000+ employers with ~7x revenue growth, a close No. 2 to Take Command in ICHRA.
Sources: TFN: Thatch $108M Series C, competitors ↗ · Dealroom: Thatch profile ↗ · QuoteSweep: Best ICHRA platforms 2026 ↗
Last checked Oct 25, 2026