Alphabet Supports Digital Health Benefits Platform

GV (formerly Google Ventures), the venture capital arm of Alphabet, jointly led a $6 million seed funding round to help launch Thatch, a digital benefit management platform.

According to Thatch’s Feb. 15 press release, Thatch is working with startups to provide employees with a technology-focused savings account and Thatch debit card for healthcare spending.

GV led the funding round with a16z.

“Paying for healthcare is painful, but it shouldn’t be,” said Thatch co-founder and CEO Chris Ellis. “We are excited to work with startups that want to improve healthcare for their employees. I continue to be inspired by the fact that what we create can impact every American, bringing innovation to an important space that has long been overlooked.”