Zorro, a next-generation benefits administration platform, has secured $20m in Series A funding as it looks to transform how healthcare benefits are delivered to brokers, employers and employees across the United States.
The round was led by Entrée Capital, with additional participation from existing investors 10D and Pitango.
The InsurTech platform utilises AI, advanced technology and big data to help employers offer personalised and affordable healthcare options for their employees. At the centre of Zorro’s solution is the use of Individual Coverage Health Reimbursement Arrangements (ICHRA), which enable businesses to give employees greater autonomy to choose plans that suit their personal and financial needs.
Zorro’s platform replaces traditional group health insurance with a defined contribution model, allowing employers to set fixed healthcare budgets while giving workers the freedom to select individualised health plans. Brokers can leverage Zorro’s proprietary tools to compare group plans with ICHRA options in real-time, helping them recommend cost-effective, tailored solutions. The AI-powered decision engine also assists employees in selecting from hundreds of available plans based on their healthcare needs and financial risk profiles.
The newly raised funds will be used to scale operations, support increasing enrolments, invest in personnel and processes to maintain customer satisfaction, and further enhance Zorro’s technology. The company plans to expand its AI-powered platform beyond coverage selection to include integrated payment solutions, ancillary benefits and financial planning tools, enabling users to better manage healthcare spending throughout their lifetime.
Since its inception, Zorro has experienced rapid growth. In 2025, the company recorded an 800% year-over-year increase in enrolments, with over 75% of employees choosing insurance plans directly through Zorro’s AI-driven recommendations without human intervention. On average, clients have saved more than 20% on premiums compared to conventional group plans, it claims.
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.
“However, this investment is about more than healthcare administration; Zorro is leading the next wave of benefits innovation and transforming how individuals manage their financial futures. We’re proud to join Zorro on its journey to give employers and employees the tools required to achieve true financial security—starting with these most crucial benefits and expanding into the broader healthcare financial planning landscape.”
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