GoKawiilThatch Reaches $1 Billion Valuation With $108 Million Round for Healthcare Marketplace
Thatch, a startup that lets employers give workers a fixed healthcare budget to shop individual insurance plans, raised $108 million at a $1 billion valuation. That figure is more than double its $410 million valuation from 17 months ago, driven by roughly sevenfold growth in annual recurring revenue. The company uses an employer-funded model, recently rebranded CHOICE, that lets employees pick from various health, dental and vision plans and keep unused funds for other medical costs.