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Zorro Secures $20M for AI-Powered Benefits Adminstration Platform

  • Zorro, a benefits administration platform, secures $20M in Series A funding led by Entrée Capital.
  • The platform uses Individual Coverage Health Reimbursement Arrangements (ICHRA) combined with AI to offer personalized healthcare plans.
  • Zorro aims to shift employers to a defined contribution model for healthcare, providing budget predictability and personalization.
  • Zorro's CEO highlights the need for a new approach to healthcare coverage amid rising costs.
  • Zorro's platform empowers brokers to compare group plans with ICHRA, helps employers set budgets, and guides employees in selecting suitable plans.
  • The company has seen over an 800% increase in enrollments and significant premium savings for clients.
  • Over 75% of Zorro's enrolled employees chose plans recommended by the platform without human intervention.

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