Thatch reports $108M Series C at $1B; Forge's record disagrees
Chris Ellis told TechCrunch Thatch's ARR grew nearly sevenfold; Forge lists an unresolved April Series C of $130M at a $1.03B post-money valuation.
By RuntimeWire Staff · Published
Primary source: Thatch
Why it matters
Thatch's valuation rests on employers adopting ICHRAs as insurance costs rise. Its disclosed ARR growth is striking, but the missing revenue figure prevents investors from calculating the multiple behind the $1 billion price, while Forge's conflicting financing record clouds the round itself.
Chris Ellis and Adam Stevenson said they raised $108 million for Thatch, an employer health-benefits platform, at a $1 billion valuation on September 15th. The account of the financing relies on Thatch's Series C announcement and TechCrunch's report.…
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