How Much Did Cedar Raise? Headquarters, Funding & Key Investors

Cedar has raised $13 M in its Series A round in December 2017, $36 M in Series B in June 2018, $77 M in Series C in June 2020, $25 M in debt financing in June 2020, $200 M in Series D in March 2021 and $68.4 M in a further Series D extension in December 2022, bringing total funding to about $351 M. Founded in 2016, Cedar delivers cloud-based payment and billing solutions for healthcare providers, aiming to make the patient financial experience seamless and data-driven.

How Much Did Cedar Raise? Funding & Key Investors

Cedar, founded in 2016 by Arel Lidow, Florian Otto and Kareem Zaki, is a New York City (United States)-based company employing between 501 and 1,000 people. The company offers a cloud-based billing and payment platform tailored to hospitals and medical practices. By integrating patient billing, insurance benefits and analytics, Cedar enables providers to optimise their revenue cycle operations while giving patients a clearer, simpler payment experience.

What Is Cedar and What Does It Do?

Cedar, founded in 2016 by Arel Lidow, Florian Otto and Kareem Zaki, is a New York City-based (United States) healthcare technology company. The company develops a cloud-based patient payment and engagement platform that allows medical practices and hospitals to process electronic payments, resolve billing issues, and leverage analytics to optimise revenue-cycle operations.

Cedar employs between 501-1,000 people. Its platform connects providers with patients via modern digital workflows, integrates with EHR systems, delivers real-time insurance- and benefits-aware billing, and supports a more consumer-friendly financial experience in healthcare.

How Much Funding Has Cedar Raised?

1. Series A

Amount Raised: $13 M
Date: December 2017
Motivation: To develop and launch the initial version of their patient-payment platform.

2. Series B

Amount Raised: $36 M
Date: June 2018
Lead Investors: Kinnevik
Motivation: To expand market reach and enhance platform capabilities.

3. Series C

Amount Raised: $77 M
Date: June 2020
Lead Investors: Andreessen Horowitz
Motivation: To scale operations and integrate advanced data-science into their platform.

4. Debt Financing

Amount Raised: $25 M
Date: June 2020
Lead Investors: JP Morgan Chase
Motivation: To support operational liquidity and financial stability.

5. Series D

Amount Raised: $200 M
Date: March 2021
Lead Investors: Tiger Global Management
Motivation: To support company growth and development of technology for easier patient payments.

6. Series D Extension

Amount Raised: $68.4 M
Date: December 2022
Lead Investors: Memorial Hermann Foundation
Motivation: To further enhance platform features and expand market presence.

Total Funding Raised: $351 Million

Current Valuation: $3.2 Billion (as of March 2021)

Latest Funding Date: December 2022

Key Investors

1. Andreessen Horowitz

Details: A US-based private venture capital firm.
Investment Focus Areas: Technology, healthcare, fintech, consumer, enterprise.
Notable Investments: Facebook, Airbnb, Lyft.

2. Tiger Global Management

Details: Global investment firm focusing on private & public tech companies.
Investment Focus Areas: Internet, software, consumer, financial technology.
Notable Investments: Facebook, LinkedIn, Spotify.

3. Kinnevik

Details: Swedish investment company building digital consumer businesses in Europe & US.
Investment Focus Areas: E-commerce, financial services, healthcare, telecommunications.
Notable Investments: Zalando, Tele2, Betterment.

4. JP Morgan Chase

Details: Leading global financial services firm.
Investment Focus Areas: Financial services, technology, healthcare.
Notable Investments: Robinhood, Plaid, Toast.

Where Is Cedar’s Headquarters?

Cedar is headquartered in New York City, United States. The strategic New York location places it in a major hub of finance, technology and healthcare innovation, offering rich access to talent, institutional partners and provider networks. Being based in this ecosystem supports Cedar’s integration with healthcare systems, venture funding access, and its mission to modernise patient payment experiences.

What’s Next for Cedar?

Cedar is now focused on expanding its platform beyond billing and payments into broader affordability solutions for healthcare, including insurance integration, AI-driven patient support and proactive financial engagement.

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