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.

Which legal entities is Cedar associated with?

Cedar is associated with CEDAR CARES, INC..

How many employees does Cedar have?

As of Jun 30, 2026, the latest employee count at Cedar is 821.

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 31 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

821 as on Jun 30, 2026

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:

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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	$102M	Series C	$3.2B	-	Andreessen Horowitz	Kaiser Permanente, Kinnevik, Thrive Capital, Lakestar, Jerod Mayo, Jeff Vacirca, Founders Fund

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View details of Cedar's funding rounds and investors

The founders of Cedar is Arel Lidow.

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

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, Penny Wheeler, Florian Otto Eik 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 5m
Kareem Zaki	Independent board member	-	Current	9y 5m
Arel Lidow	Independent board member	-	Current	9y 5m
Ken Howery	Independent board member	-	Current	9y 5m
Eik Florian Otto	Independent board member	-	Current	8y 0m
Scott Kupor	Independent board member	-	Current	6y 0m
Penny Wheeler	Independent board member	-	Current	6y 0m
Florian Otto Eik	Independent board member	-	Current	5y 0m
Christopher Bischoff	Independent board member	-	Current	8y 0m

View details of Cedar's Founder profiles and Board Members

Cedar's employee count trend

Cedar has 821 employees as of Jun 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, Tiger Global Management ... & 28 others	65/100
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	-	DCM Ventures, Financial Solutions Lab & 4 others	60/100
4th	Zelis Healthcare 1995, Boston (United States), Funding Raised	Digital solutions to modernize the healthcare financial experience for payers, providers, and members	-	Mubadala, HarbourVest Partners & 9 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	QED Investors, OCA Ventures & 7 others	57/100
7th	Rialtic 2020, Atlanta (United States), Series B	Payment solutions for healthcare sectors	$81M	F-Prime Capital, Socium Ventures & 4 others	56/100
8th	RevSpring 1981, St. Paul (Canada), Acquired	Platform for revenue cycle management in healthcare centers	-	New Enterprise Associates, WestView Capital ... & 4 others	55/100
9th	Rectangle Health 1992, Valhalla (United States), Acquired	Platform for managing payment processes	-	Ares Capital Corporation, TA Associates	54/100
10th	VisitPay 2010, Boise (United States), Acquired	Cloud based patient revenue management system for healthcare providers	$46.1M	Saint Luke's, Inova & 4 others	52/100