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Zorro Secures $20 Million in Series A led by Entrée Capital to transform healthcare benefits for brokers, employers, and employees.

Jun 11, 20256 months ago

Amount Raised

$20 Million

Round Type

series a

New YorkHealth Care

Investors

Pitango10 DEntrée Capital

Description

Zorro, a next-generation benefits administration platform, announced it has secured $20 million in a Series A round led by Entrée Capital. This funding will help empower employers to offer affordable healthcare plans through a modernized approach. The company utilizes advanced technology and big data to improve decision-making across the health-to-wealth journey. With its innovative solutions, Zorro aims to replace traditional group plans with a defined contribution model.

Company Information

Company

Zorro

Location

New York, New York, United States

About

Zorro is a next-generation benefits administration platform that leverages advanced technology and big data to transform how workers in America plan, pay, and save for healthcare. It offers a flexible and personalized benefits solution, enabling employers to provide customized healthcare plans through Individual Coverage Health Reimbursement Arrangements. Zorro's AI-driven platform simplifies the decision-making process for both employers and employees, promoting cost control and improved user experience. The company aims to modernize employee benefits by integrating health and wealth planning for better financial security.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech