Thatch, a healthcare plan marketplace where employers set a fixed budget that employees can use for individual plans, raised a $108M Series C at a $1B valuation (Marina Temkin/TechCrunch)

Thatch, a healthcare plan marketplace that lets employers set a fixed budget for employees to purchase individual plans, secured $108 million in Series C funding. The investment values the company at $1 billion. The round was led by investors who see growth potential in employer-budgeted health benefits.