Zorro secures a $20 million Series A investment for enhancing its benefits administration platform.

Zorro, a leading benefits administration platform, has announced that it has secured $20 million in a Series A funding round. This investment will propel Zorro towards transforming how individuals manage their financial futures, starting with benefits and expanding into broader healthcare financial planning.

The funding, led by Entrée Capital, with participation from existing investors 10D and Pitango, will accelerate the advancement of Zorro's AI-powered platform. This platform utilizes thousands of data points, AI, and advanced technology to inform and facilitate decision-making, offering a modern and personalized approach to employee benefits.

Zorro's end-to-end solution modernizes employee benefits by replacing traditional group plans with a defined contribution model. This model, known as Individual Coverage Health Reimbursement Arrangements (ICHRA), offers personalized and affordable healthcare plans. Employers can use Zorro to set a budget and allocate employee stipends for personalized health insurance coverage.

The investment will also be used to scale operations to support increased enrollments. Zorro has seen exponential growth, with Zorro-initiated enrollments surpassing an 800% year-over-year increase for 2025. Over 75% of employees enrolled through Zorro selected insurance plans based on platform recommendations without any human intervention.

Avi Eyal, Entrée Capital Managing Partner, stated that Zorro is leading the next wave of benefits innovation. Guy Ezekiel, Zorro CEO and Co-Founder, believes Zorro is building a future where health and wealth planning are integrated. He also noted that the investment will empower individuals to manage healthcare and insurance spending across their lifetime.

In addition to streamlining the process of comparing existing group plan designs with ICHRA in real-time, making recommendations that fuel cost control and greater flexibility for employers, Zorro's platform will include seamless payment and enrollment integrations, ancillary benefits, and financial planning tools.

On average, Zorro clients have saved over 20% on premiums compared to traditional group plans. The funding will be used to expand Zorro's technology to elevate the ICHRA experience for brokers, employers, and employees. The new capital will also be used to invest in people and processes to maintain ongoing customer satisfaction.

Avi Eyal also noted that this investment will transform how individuals manage their financial futures, starting with benefits and expanding into broader healthcare financial planning. Zorro is poised to lead the way in this exciting new era of benefits innovation.

Zorro secures a $20 million Series A investment for enhancing its benefits administration platform.