A New York- and Tel Aviv, Israel-based company Zorro Raises $11.5M in Seed Funding, led by Pitango and 10D
MARCH 28, 2023/–Zorro, a New York- and Tel Aviv, Israel-based company providing health benefits experience for employees, employers and brokers, raised $11.5M in Seed funding. The round was led by Pitango and 10D.
The company intends to use the funds to further expand R&D efforts and scale customer operations.
Founded by Guy Ezekiel and Maya Perl, veteran executives in the healthcare and investment fields, Zorro was developed with a deep understanding of the US healthcare system and the needs of both employers and employees. Zorro analyzes employers’ benefit objectives to create a predictable budget and benefit allowance per employee or group of employees. Zorro’s vision is to be the healthcare financial companion of the future by improving access to quality and affordable healthcare to millions of Americans.
It also provides an end-to-end insurance management solution that offers a single, comprehensive platform making administering benefits seamless and effective. Additionally, the company acts as a financial companion and analyzes employees’ healthcare needs, family situation, risk tolerance and other personal characteristics. It then generates a recommended benefit bundle consisting of health insurance, supplemental coverages, specialized digital health solutions, and other financial value-add services.
About Pitango
Pitango VC, established in 1993, is Israel’s largest venture capital fund with over $2.8 billion under management. Pitango VC invests through three dedicated funds, Pitango First (early-stage investments), Pitango HealthTech (HealthTech investments), and Pitango Growth (growth investments). Pitango invests in startups around the world, in domains such as Vertical SaaS, Digital Health, Deep Tech, FinTech & InsureTech, Devops, Generative AI, Web3, and FoodTech.
With two offices in Israel (Herzliya and Sarona), Pitango currently manages several venture funds totaling over $2.8 Billion in committed capital. It has invested in more than 250 companies. The firm’s investors include Time Warner, Citigroup, Eastman Kodak, Deutsche Bank and HarbourVest Partners.
About 10D
Founded in 2018, 10D is a venture capital firm based in Tel Aviv, Israel that seeks to invest in early-stage Seed and Series A rounds in digital health, fintech, insurance and computer vision startups.
10D symbolizes the dimensions of reality – the four revealed dimensions of space and time, and six additional concealed dimensions, representing the elusive challenges and opportunities faced while building a successful venture. The 10th Dimension, 10D – is where everything possible and imaginable exists. Our vision is to partner with entrepreneurs who know how to look beyond, to create beyond and to lead beyond the seen and the unseen.
