Sorbet

About

Funding history · 3 rounds · $21.0M total

Company Intelligence Q&A

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What is Sorbet's primary business offering?

Sorbet provides a financial technology solution that allows professionals to utilize accrued time-off more effectively, while enabling employers to reduce vacation accruals, save on financing costs, and optimize cash flow.

When was Sorbet founded?

Sorbet was founded in June 2019.

How much total funding has Sorbet raised?

Sorbet has raised a total of $21,000,000 in funding.

Which investors participated in Sorbet's $6 million Seed round in April 2021?

Sorbet's $6 million Seed round in April 2021 was led by Viola Ventures, with participation from Meron Capital and Global Founders Capital.

Which investors participated in Sorbet's $15 million Seed round in June 2021?

Sorbet's $15 million Seed round in June 2021 was led by Group 11, with participation from Viola Ventures and Corner Ventures.

What significant financing did Sorbet secure in June 2025?

In June 2025, Sorbet secured a $25 million debt facility from Pier Asset Management and also debuted a new payroll integration feature.

What operational change did Sorbet undergo in September 2025?

In September 2025, Sorbet laid off all of its employees in Israel and most of its staff in the U.S. due to profitability pressure, which forced a reset of operations.

Where are Sorbet's main offices located?

Sorbet has its headquarters in Tel Aviv-Yafo, Israel, and an additional office in New York, NY, USA.

Who are the founders of Sorbet?

The founders of Sorbet are Rami Kasterstien, Veetahl Eilat-Raichel, and Eliaz Shapira.

Sectors & technology

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