Zorro raises $20 million

Employee benefits company Zorro has secured $20 million in a Series A round led by Entrée Capital, with participation from existing investors 10D and Pitango.

Founded in 2022, Zorro replaces traditional group health plans with a defined contribution model, giving employers control over budgets while letting employees choose their own coverage. Its platform helps brokers compare group plans with ICHRA options in real time and guide employers through setting stipends. Employees can then use Zorro’s decision tool to compare plans based on cost, coverage, and personal health needs.

“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.” – Guy Ezekiel, Zorro CEO and Co-Founder.

“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.” – Avi Eyal, Entrée Capital Managing Partner.