# Thatch funding: rounds and investors

> Thatch has raised $151M across 3 rounds since 2021. Investors include Index Ventures, Andreessen Horowitz and General Catalyst. Every round with its source.

Source: https://millionrounds.com/company/thatch (Millionrounds; every figure on the page links to its filing or article)

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Thatch*

3 rounds we have observed, with the 12 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

B2C Fintech Healthcare HR Tech

Raised 2 months ago

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Funding summary Updated 5 Nov 2026

**$151M** raised across 3 rounds since 2021, from 3 sources

**$3.0M** Seed **$40M** Series B **$108M** Series C

- **Latest round:** Series C, $108M Sept 2026
- **Step-up i:** 2.7×
- **Investors:** 12 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2022 2023 2024 2025 2026

**$3.0M** Seed

**$40M** Series B

**$108M** Series C

- **First round:** Seed, $3.0M
- **Biggest round:** $108M
- **Usual gap between rounds:** 3.7 years

## The rounds

- **Sept 2026** Series C **$108M** *1 new* *5 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Index Ventures](https://millionrounds.com/fund/index-ventures) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [The General Partnership](https://millionrounds.com/fund/the-general-partnership) Reported by TechCrunch
- **Apr 2025** Series B **$40M** *9 new* [Index Ventures](https://millionrounds.com/fund/index-ventures) Lead [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [SemperVirens](https://millionrounds.com/fund/sempervirens) [The General Partnership](https://millionrounds.com/fund/the-general-partnership) [ADP Ventures](https://millionrounds.com/fund/adp-ventures) [PeopleTech Partners](https://millionrounds.com/fund/peopletech-partners) Reported by TechCrunch
- **Aug 2021** Seed **$3.0M** *2 new* [Freestyle Capital](https://millionrounds.com/fund/freestyle) [Kevin Hartz](https://millionrounds.com/fund/a-star-co) Source recorded

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2021 **Series B** 2025 **Series C** 2026 [Index Ventures](https://millionrounds.com/fund/index-ventures) L [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Quiet Capital](https://millionrounds.com/fund/quiet-capital) [The General Partnership](https://millionrounds.com/fund/the-general-partnership) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Freestyle Capital](https://millionrounds.com/fund/freestyle) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Kevin Hartz](https://millionrounds.com/fund/a-star-co) [SemperVirens](https://millionrounds.com/fund/sempervirens)

## Everyone who backed them

[Index Ventures](https://millionrounds.com/fund/index-ventures) VC firm **2** rounds, led 1

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **2** rounds

[General Catalyst](https://millionrounds.com/fund/general-catalyst) VC firm **2** rounds

[Quiet Capital](https://millionrounds.com/fund/quiet-capital) VC firm **2** rounds

[The General Partnership](https://millionrounds.com/fund/the-general-partnership) VC firm **2** rounds

[Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **1** round

[Freestyle Capital](https://millionrounds.com/fund/freestyle) VC firm **1** round

[Eli Lilly](https://millionrounds.com/fund/eli-lilly) Corporate VC **1** round

[Kevin Hartz](https://millionrounds.com/fund/a-star-co) VC firm **1** round

[SemperVirens](https://millionrounds.com/fund/sempervirens) VC firm **1** round

[ADP Ventures](https://millionrounds.com/fund/adp-ventures) Corporate VC **1** round

[PeopleTech Partners](https://millionrounds.com/fund/peopletech-partners) Accelerator **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=thatch).

## Also claim to have backed them

These 4 firms list Thatch as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[QuantumLight](https://millionrounds.com/fund/quantumlight) VC firm Per its own site

[Constellation](https://millionrounds.com/fund/constellation) VC firm Per its own site

[SemperVirens Venture Capital](https://millionrounds.com/fund/sempervirens-venture-capital) VC firm Per its own site

[Notre Dame Venture Capital](https://millionrounds.com/fund/notre-dame-venture-capital) VC firm Per its own site

## Quick answers about Thatch

### Who invested in Thatch?

Thatch's investors include Index Ventures, Andreessen Horowitz, General Catalyst, Quiet Capital and The General Partnership, and 7 more on record.

### How much has Thatch raised?

Thatch has raised $151M across 3 rounds since 2021.

### When did Thatch last raise?

Thatch's most recent round was a Series C of $108M in Sept 2026.

### What was Thatch's biggest round?

Its most recent round, $108M in Sept 2026, is also its largest on record.

### Who backed Thatch first?

Thatch's first round on record, in Aug 2021, was backed by Freestyle Capital and Kevin Hartz.

### What stage is Thatch at?

Thatch's latest named round is a Series C, in Sept 2026.

### Where is Thatch based?

Thatch is based in the United States.

### Who led Thatch's rounds?

Index Ventures led the Series B in 2025.

## Companies like Thatch

In the same sector, and raised in the last eighteen months.

[**Omni** $244M · Nov 2026](https://millionrounds.com/company/omni)[**Clark** $11M · Nov 2026](https://millionrounds.com/company/clark)[**General Medicine** $152M · Nov 2026](https://millionrounds.com/company/general-medicine)[**Pathfinder** $13M · Nov 2026](https://millionrounds.com/company/pathfinder)[**Midstream Health** $27M · Oct 2026](https://millionrounds.com/company/midstream-health)[**Settle** $103M · Oct 2026](https://millionrounds.com/company/settle)

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