Thatch, a health benefits platform for employers, secured $38 million in a Series A funding round led by General Catalyst and Index Ventures. The platform offers employers ICHRA benefits plans where employees can choose their own plans based on their needs, with employers providing a monthly allowance. Thatch plans to use the funding to expand its workforce, accelerate growth, and improve its technology. The market for digital health companies focusing on employee benefits is growing, with companies like Personify Health, Lyra Health, and Accolade also operating in the space. The HIMSS Healthcare Cybersecurity Forum is scheduled for October 31-November 1 in Washington, D.C.
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a16z and General Catalyst backed Thatch secures $38M
