Sorbet

Company Overview

Snapshot

Founded in June 2019 by Rami Kasterstien, Veetahl Eilat-Raichel, and Eliaz Shapira, Sorbet operates with 51–200 employees. The company has secured funding across 3 rounds from 6 investors. In June 2025, Sorbet secured a debt facility from Pier Asset Management.

Business overview

Sorbet is a financial technology solution operating within the Fintech & Insurtech sector. The company provides a platform that enables professionals to more effectively utilize accrued, but often unusable, time-off. Concurrently, it offers employers financial flexibility to reduce vacation accruals, optimize cash flow, and save on financing costs. Sorbet's core technology serves enterprises and professional services, falling under the broader categories of platforms & interfaces, software, and mobile solutions.

Strategic signal

In September 2025, Sorbet announced a significant operational reset, including laying off all employees in Israel and most U.S. staff, due to profitability pressures. This indicates a major strategic pivot and restructuring effort, signaling to investors a challenging period of recalibration for the company as it seeks a sustainable path forward.

Company Intelligence Q&A

What is Sorbet's primary offering?

Sorbet provides a financial technology solution that allows professionals to convert unused accrued time-off into usable value, while offering employers financial benefits such as reduced vacation accruals and optimized cash flow.

When was Sorbet founded and by whom?

Sorbet was founded in June 2019 by Rami Kasterstien, Veetahl Eilat-Raichel, and Eliaz Shapira.

What was a significant financial development for Sorbet in June 2025?

In June 2025, Sorbet secured a debt facility from Pier Asset Management. This was accompanied by the debut of a new payroll integration feature aimed at expanding access to financial flexibility for employees.

What operational changes did Sorbet undergo in September 2025?

In September 2025, Sorbet announced a significant operational restructuring, which included laying off all employees in Israel and most of its staff in the U.S. This decision was attributed to profitability pressures.

Which investors participated in Sorbet's April 2021 funding round?

In April 2021, Sorbet received seed funding led by Viola Ventures, with participation from.