What does Zorro do?
Zorro is a provider of an end-to-end benefits administration platform that replaces traditional group health plans with a defined contribution model. Its solution uses AI-powered, data-driven tools to help brokers and employers compare plans in real time and offer personalized health insurance options that match employee needs.
How much did they raise?
The company raised $20M in a Series A round, led by Entrée Capital with participation from existing investors 10D and Pitango, which underscores growing investor confidence in its innovative approach to employee benefits.
What are their plans for the money?
With the new funds, Zorro plans to further develop its proprietary tools and expand its market reach. The investment will be used to enhance its digital platform, improve decision-making capabilities for both brokers and employers, and drive growth in the evolving benefits administration sector.
What have they achieved so far?
Zorro has already made significant progress by establishing a platform that offers real-time benefits comparisons and personalized recommendations, enabling employers to control costs while providing flexible, tailored health insurance options.