Catch Raises $12M for Gig Worker Benefits

Catch raised $12 million in Series A funding, led by Crosslink, with participation from earlier investors Khosla Ventures, NYCA Partners, Kindred Ventures and Urban Innovation Fund.

The company is working to make sure that every gig worker has the health and retirement benefits they need.

Co-founders Kristen Anderson and Andrew Ambrosino started Catch in 2019 and raised $6.1 million previously, giving it a total of $18.1 million in funding: “We were the first to build the infrastructure and earn the regulatory approval to create a framework for independent benefits. Catch is the only portable benefits platform that provides a flexible backbone with in-house capabilities across banking, investment, and insurance. And now, it’s time to unleash growth.”

The company, which is in the midst of moving its headquarters to New York, sells health insurance, retirement savings plans and tax withholding directly to freelancers, contractors or anyone uncovered. The funding will be used to support more distribution partnerships and its relocation from Boston.

Announcement: Catch Raises $12M for Gig Worker Benefits