Jun 23, 2025

Zorro, 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 that it has secured $20 million in a Series A round led by Entrée Capital, with participation from existing investors 10D and Pitango. Utilizing the flexibility of Individual Coverage Health Reimbursement Arrangements (ICHRA), Zorro enables employers to offer personalized and affordable healthcare plans to their employees. Utilizing 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. Since its founding, Zorro has seen exponential growth, with Zorro-initiated enrollments surpassing an 800% year-over-year increase for 2025. And over 75% 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% on premiums compared to traditional group plans, while providing employees with more personalized coverage. Problem being addressed: Zorro’s end-to-end solution modernizes employee benefits by replacing traditional group plans with a defined contribution model, similar to a 401(k) plan. And Zorro’s proprietary tools help brokers compare existing group plan designs with ICHRA in real-time, making recommendations that fuel cost control and greater flexibility for employers. Zorro also helps employers set a budget and allocate employee stipends that could be used to purchase personalized health insurance coverage. Employees utilize Zorro’s AI-based and data-driven decision engine to compare hundreds of plans, taking into account their unique healthcare needs and financial risk tolerance to tailor the best bundle of health plans that meet their specific requirements. How the funding will be used: 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. And 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. KEY QUOTES: “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 Pulse 2.0 focuses on business news, profiles, and deal flow coverage.