Last updated 2026-07-26
- Raised $25M debt round led by Pier Asset Management, May 2025
- Raised $6M Series A led by Viola Ventures, Mar 2021
- Raised $15M Seed round led by Group 11
Total raised
$46.0M
Last: Undisclosed Round 2025-06
Stage
Seed
Founded
2019
Headcount
164
HQ
Tel Aviv-Yafo, Israel
Sector
Fintech & Insurtech
About
Sorbet is an Israeli fintech startup that provides a platform enabling employees to convert their unused Paid Time Off (PTO) into cash. The platform integrates with employers' existing calendar, HR, and payroll systems to identify time management patterns and proactively suggest personalized breaks and vacations. Sorbet aims to help businesses manage and reduce their PTO liabilities while offering employees a financial benefit and promoting a healthier work-life balance.
Funding history · 3 rounds · $46.0M total
2025-05
Debt Financing
$25.0M
★ Pier Asset Management
2021-03
A Round
$6.0M
★ Viola VenturesMeron CapitalGlobal Founders Capital
Date unknown
Seed
$15.0M
★ Group 11Viola VenturesCorner Ventures
Headcount over time
From 5 (2020-09) to 163 (2026-01) · +158 (+3160%) · 20 points · source: Finder history + radar grounding
Q&A
- What is Sorbet's primary business?
- Sorbet is a fintech company that offers a platform for employees to convert their unused Paid Time Off (PTO) into cash, helping businesses manage PTO liabilities and promoting employee financial flexibility.
- When was Sorbet founded?
- Sorbet was founded in June 2019.
- What was Sorbet's most recent funding event?
- In June 2025, Sorbet secured a $25 million Debt Financing round from Pier Asset Management.
- Which investors participated in Sorbet's Seed funding rounds?
- Sorbet raised Seed rounds in April 2021 from Viola Ventures and in June 2021 from Group 11.
- What is the total amount of funding Sorbet has raised to date?
- Sorbet has raised a total of $46 million USD.
- What significant operational change did Sorbet undergo in September 2025?
- In September 2025, Sorbet laid off all its employees in Israel and most of its staff in the U.S. due to profitability pressures, as reported by Calcalistech.
- Who are the co-founders of Sorbet?
- The co-founders of Sorbet are Veetahl Eilat-Raichel (CEO), Eliaz Shapira (CPO), and Rami Kasterstein.
Team · 3
Veetahl Eilat-Raichel
Founder · CEO
Eliaz Shapira
Founder · CPO
Rami Kasterstein
Founder · Founder
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & Insurtech
Technologies
Platforms & InterfacesSoftwareMobile
Target customers
Enterprise & Professional Services
Business model
B2B
Highlights
Verified
Tags
employee-engagemententerprise-solutionsenterprisesproductivityhrhr-techmanagement-solutions
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | getsorbet.com/ |
|---|---|
| linkedin.com/company/67915732 | |
| facebook.com/getsorbet | |
| YouTube | youtube.com/channel/UC5lvhwQgVEhHxoQPW1Shhfw |
| instagram.com/getsorbet |
Identifiers & details
| Legal name | Shift Time Inc. |
|---|---|
| Founded | 2019-6 |
| Employees (exact) | 164 |
| Offices | New York |
Radar intelligence
Patents
| EPO | 14 |
|---|
Publications (Crossref)
| Works | 1 |
|---|
Web history (Wayback)
| Domain | getsorbet.com |
|---|
Certificate / subdomain footprint
| Subdomains | 45 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 516084407 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2019-09-12 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2024 |
| Active charges / liens | 0 |
| Registry events | 4 — charge (4) |
| Registered address | הסוכנות 3 הוד השרון |
Recent registry events
| Date | Event |
|---|---|
| 2025-12-28 | סילוק שעבוד |
| 2025-07-07 | סילוק שעבוד |
| 2025-07-07 | סילוק שעבוד |
| 2025-08-06 | סילוק שעבוד |