Zorro, an AI-powered benefits administration platform, has raised $20m in Series A funding to expand its personalised healthcare solutions for brokers, employers and employees.
The funding round was led by Entrée Capital, with support from existing backers 10D and Pitango.
The InsurTech company helps employers offer flexible healthcare options by using Individual Coverage Health Reimbursement Arrangements (ICHRA). Its AI-powered platform allows brokers to compare plans, employers to control costs, and employees to select personalised coverage based on their healthcare needs and financial risk tolerance.
The new capital will help Zorro scale operations, grow its customer base, invest in technology, and enhance its AI-powered platform with new features such as integrated payments, ancillary benefits and financial planning tools.
Since launch, Zorro has seen an 800% increase in enrolments for 2025, with 75% of employees selecting plans directly through its AI-driven platform. On average, clients have saved over 20% on premiums compared to traditional group plans.
Zorro CEO and co-founder Guy Ezekiel said, “Healthcare is not one-size-fits-all, and with skyrocketing plan costs, we’re past due for a viable alternative to traditional group coverage. Zorro is building a new future where health and wealth planning are integrated, giving employers budget predictability without sacrificing quality and individuals the autonomy to make smart, personalized decisions for themselves and their families.”
Entrée Capital managing partner Avi Eyal said, “Zorro’s groundbreaking technology is already helping employers to break free from traditional group plan constraints and empowering employees to select health plans that align with their preferences.”
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