When was Cedar founded?

Cedar was founded in 2016 and became a unicorn in 2021, reaching the milestone in 5 years. It raised its 1st funding round 1 year after its incorporation.

Where is Cedar located?

Cedar is headquartered in New York City, United States. It is registered at 1999 BRYAN ST STE 900,DALLAS,TX,75201,57.

Who is the current CEO of Cedar?

Florian Otto of Cedar. They have also founded 1 company and are angel investors in 5 startups, including .

Which legal entities is Cedar associated with?

Cedar is associated with CEDAR CARES, INC..

How many employees does Cedar have?

As of Apr 30, 2026, the latest employee count at Cedar is 819.

Is Cedar a funded company?

Cedar is a funded company, having raised a total of $351M across 6 funding rounds to date. The company's 1st funding round was a $13M Series A round, raised on Dec 07, 2017.

How much is Cedar worth?

The latest valuation of Cedar is $3.2B as of Mar 09, 2021.

When was the latest funding round of Cedar?

Cedar's latest funding was a $200M Series D round on Mar 09, 2021, with participation from 4 investors.

Is Cedar a Payments company?

The primary sectors of Cedar are Payments and Healthcare IT.

Where does Cedar rank among its competitors?

Cedar ranks 1st amongst 165 active competitors, of which 32 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Zelis Healthcare, which secured an undisclosed amount in Nov, 2024.

Who are the top competitors of Cedar?

Cedar's top competitors include PayZen, Cherry and Zelis Healthcare. Among them, Zelis Healthcare secured the most recent funding round in November, 2024.

Cedar - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Cedar operate in

Cedar serves in the FinTech, HealthTech market segments.The primary business model of Cedar are:

Company Details

Cedar provides cloud-based payment solutions for the healthcare industry. It provides patient-oriented billing solutions for practices and hospitals to start billing patients and processing electronic payments. It also offers analytics solutions to provide insights and enable healthcare providers to optimize revenue cycle operations. It uses a cloud-based billing platform that enables patients to easily resolve common billing issues.

Website: www.cedar.com/
Social
Email ID: *****@cedar.com
Phone Number: +1 **********
Registered Address: 1999 BRYAN ST STE 900,DALLAS,TX,75201,57

Key Metrics

Founded Year

2016

Location

New York City, United States

Stage

Series D

Total Funding

$351M in 6 rounds

Latest Funding Round

Series D, Mar 09, 2021, $200M

Post Money Valuation

$3.2B as on Mar 09, 2021

Investors

Andreessen Horowitz & 29 more

Ranked

1^st among 165 active competitors

Employee Count

819 as on Apr 30, 2026

Investment & Acquisitions

OODA Health

Similar Companies

PayZen & 212 more

View Cedar's full profile

Cedar is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
CEDAR CARES, INC. CIN: 32089318813 , United States, Active	Apr 05, 2023	-	-	-

Cedar has raised a total funding of $351M over 6 rounds. Its first funding round was on Dec 07, 2017. Its latest funding round was a Series D round on Mar 09, 2021 for $200M. 4 investors participated in its latest round. Cedar has 25 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Cedar:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 09, 2021	$200M	Series D	$3.2B	-	Tiger Global Management	Andreessen Horowitz, Thrive Capital, Concord Health Partners
Aug 07, 2020	Undisclosed	Series C	-	-	Concord Health Partners	-
Jun 22, 2020	$25M	Venture Debt	-	-	-	J P Morgan

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View details of Cedar's funding rounds and investors

The founders of Cedar are Florian Otto and Arel Lidow. Florian Otto is the CEO of Cedar.

Here are the details of Cedar's key team members:

Florian Otto: CEO and Co-Founder of Cedar. They are also an angel investor in 5 startups.
Arel Lidow: Co-Founder of Cedar. They serve on the board of 1 company.
Contact Info: 1 email address

Cedar's Board of Directors

Cedar's board has 9 active members. Florian Otto, Kareem Zaki, Arel Lidow, Ken Howery, Eik Florian Otto, Scott Kupor, Florian Otto Eik, Penny Wheeler and Christopher Bischoff are independent board members.

Here is the list of Cedar's board of directors:

Name	Type	Representing	Status	Duration
Florian Otto	Independent board member	-	Current	9y 4m
Kareem Zaki	Independent board member	-	Current	9y 4m
Arel Lidow	Independent board member	-	Current	9y 4m
Ken Howery	Independent board member	-	Current	9y 4m
Eik Florian Otto	Independent board member	-	Current	7y 10m
Scott Kupor	Independent board member	-	Current	5y 10m
Florian Otto Eik	Independent board member	-	Current	4y 11m
Penny Wheeler	Independent board member	-	Current	5y 10m
Christopher Bischoff	Independent board member	-	Current	7y 10m

View details of Cedar's Founder profiles and Board Members

Cedar's employee count trend

Cedar has 819 employees as of Apr 26. Here is Cedar's employee count trend over the years:

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Top competitors of Cedar include PayZen, Cherry and Zelis Healthcare. Here is the list of Top 10 competitors of Cedar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Cedar 2016, New York City (United States), Series D	Cloud-based payment solutions for the healthcare industry	$351M	Section Partners, Hanover Capital & 28 others	69/100
2nd	PayZen 2011, San Francisco (United States), Series B	AI medical billing software for healthcare professionals and organizations	$72M	7wire Ventures, SignalFire & 6 others	62/100
3rd	Cherry 2017, San Francisco (United States), Funding Raised	Provides sales payment solution for businesses and customers	-	Financial Solutions Lab, Fin Capital & 4 others	61/100
4th	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, Norwest & 8 others	59/100
5th	InstaMed 2004, Philadelphia (United States), Acquired	Healthcare bill payment solutions	$123M	NJTC Venture Fund, Osage Venture Partners ... & 9 others	57/100
6th	HealthiPASS 2013, Lombard (United States), Acquired	Healthcare billing management	$11.3M	Fifth Third Bank, QED Investors & 7 others	57/100
7th	Rialtic 2020, Atlanta (United States), Series B	Payment solutions for healthcare sectors	$81M	Socium Ventures, F-Prime Capital & 4 others	56/100
8th	RevSpring 1981, St. Paul (Canada), Acquired	Platform for revenue cycle management in healthcare centers	-	InvestMichigan!, Beringea & 2 others	54/100
9th	Rectangle Health 1992, Valhalla (United States), Acquired	Platform for managing payment processes	-	Ares Capital Corporation, TA	54/100
10th	PatientPay 2008, Durham (United States), Series C	Provider of payment solutions for healthcare organizations and their patients	$30.8M	Mosaik Partners, Esping Family Foundation	53/100