Thatch has raised $108 million in a Series C round, bringing its valuation to $1 billion. The investment came from The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz.
The round marks a significant milestone for the company, pushing it into the ranks of billion-dollar startups. The participation of multiple high-profile venture firms suggests strong investor confidence.
The announcement did not specify how the new capital will be used. The company's plans for the funds remain unclear.