What is Cedar?
Headquartered in New York City, Cedar operates as a specialized healthcare financial engagement software company. The firm addresses a persistent pain point in the medical industry: the opaque and often frustrating patient billing experience. By deploying a sophisticated platform that integrates seamlessly with existing health system workflows, Cedar enables providers to offer personalized, transparent, and user-friendly financial interactions. This approach not only improves patient satisfaction but also optimizes revenue cycle management for large-scale healthcare organizations. As the industry shifts toward value-based care, Cedar's technology acts as a vital bridge, ensuring that financial clarity is as accessible as clinical care, thereby enhancing the overall patient journey.
How much funding has Cedar raised?
Cedar has raised a total of $351M across 4 funding rounds:
Series A
$13M
Series B
$36M
Unspecified
$102M
Series D
$200M
Series A (2017): $13M with participation from Martin Ventures, SV Angel, Founders Fund, and Thrive Capital
Series B (2018): $36M led by Kinnevik, Lakestar, Sound Ventures, Nat Turner, Kevin Systrom, and Thrive Capital
Unspecified (2020): $102M supported by Andreessen Horowitz and JPMorgan Chase
Series D (2021): $200M featuring TriplePoint Venture Growth BDC, Andreessen Horowitz, Concord Health Partners, and Thrive Capital
Key Investors in Cedar
Thrive Capital
Thrive Capital is an investment venture capital company that operates out of New York. Thrive Capital primarily deals in internet and software investments.
Andreessen Horowitz
A premier venture capital firm that backs bold entrepreneurs building the future through technology, providing deep operational support and strategic guidance to high-growth companies.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages. The firm's partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Anduril, Airbnb, Stripe and Facebook.
What's next for Cedar?
Looking ahead, the influx of capital positions Cedar to accelerate its product roadmap and expand its footprint within the enterprise healthcare market. The company is expected to leverage these resources to deepen its integration capabilities and potentially explore new segments within the patient financial experience ecosystem. Given the current lifecycle stage, the focus will likely shift toward sustaining high-growth metrics while maintaining the operational rigor required to serve large health systems. By continuing to refine its data-driven engagement tools, Cedar is well-positioned to capitalize on the increasing demand for digital transformation in healthcare, ultimately setting a new standard for how patients interact with the financial aspects of their medical care.
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