Zorro Secures $20 Million in Series A to Transform the Healthcare Benefits Industry for Brokers, Employers and Employees

First-of-its-Kind Insurtech Bridges Gap between Health and Financial Wellbeing, Offering a Benefits Solution that Delivers Cost Control, Flexibility and an Unmatched User Experience

, /PRNewswire/ -- Zorro (the "Company"), a next-generation benefits administration platform using advanced technology and big data to transform how America's workers plan, pay and save for healthcare, announced today that it has secured $20 million in a Series A round led by Entrée Capital, with participation from existing investors 10D and Pitango.

Harnessing the flexibility of Individual Coverage Health Reimbursement Arrangements ("ICHRA"), Zorro empowers employers to offer personalized and affordable healthcare plans to their employees. Leveraging thousands of data points, AI and the industry's most advanced technology platform, Zorro informs and facilitates decision-making across the health-to-wealth journey, starting with health plans.

"Healthcare is not one-size-fits-all, and with skyrocketing plan costs, we're past due for a viable alternative to traditional group coverage," said Guy Ezekiel, Zorro CEO and Co-Founder. "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."

Zorro's end-to-end solution modernizes employee benefits by replacing group plans with a defined contribution model—similar to the 401(k). Zorro's proprietary tools help brokers to compare existing group plan designs with ICHRA in real-time and make recommendations that fuel cost control and greater flexibility for employers. Zorro also helps employers set a budget and allocate employee stipends that can be used to purchase personalized health insurance coverage. Employees use Zorro's AI-powered, data-driven decision engine to compare hundreds of plans, factoring in their unique healthcare needs and financial risk tolerance to tailor the best bundle of health plans that meet their needs.

"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," added Avi Eyal, Entrée Capital Managing Partner. "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."

Since inception, Zorro has seen exponential growth, with Zorro-initiated enrollments surpassing an 800 percent year-over-year increase for 2025. Additionally, over 75 percent of employees enrolled through Zorro selected insurance plans based on platform recommendations without any human intervention, demonstrating the platform's ability to simplify complex choices at scale and optimize decision-making through sophisticated artificial intelligence technology. On average, Zorro clients have saved over 20 percent on premiums compared to traditional group plans while giving employees more personalized coverage.

The new capital will fuel the Company's continued growth, including scaling operations to support increased enrollments, investing in people and processes to support ongoing customer satisfaction and expanding its technology to elevate the ICHRA experience for brokers, employers and employees. It will also accelerate the advancement of Zorro's AI-powered platform, reinforcing its leadership position as the first fully integrated solution that goes beyond coverage selection to include seamless payment and enrollment integrations, ancillary benefits and financial planning tools—ultimately empowering individuals to manage healthcare and insurance spending across their lifetime.

About Zorro

Zorro is an AI-powered insurtech platform leveraging ICHRA (Individual Coverage Health Reimbursement Arrangements) to deliver affordable, flexible and personalized healthcare plans for employers and their employees. Zorro's pioneering technology helps brokers to sell, employers to buy and employees to engage with their healthcare benefits. Its advanced platform delivers sophisticated price quoting, streamlined employer management and comprehensive employee decision support to simplify administration, deliver budget predictability and inform important healthcare decisions.

Media Contact
Caitlin Kasunich
KCSA Strategic Communications
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SOURCE Zorro