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 Sep 30, 2026, the latest employee count at Cedar is 816.

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. Its primary sector is Payments. In United States, the Payments sector has seen $7.7B in funding in 2026 to date.

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 199 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 AblePay Health, which secured $20.2M in Aug, 2026.

Who are the top competitors of Cedar?

Cedar's top competitors include Zelis Healthcare, PayZen and Rialtic. Among them, AblePay Health secured the most recent funding round in August, 2026.

Cedar - 2026 Company Profile, Team, Funding & Competitors

Cedar is a series D company based in New York City (United States), founded in 2016 by Arel Lidow. It operates as a Cloud-based payment solutions for the healthcare industry. Cedar has raised $351M in funding from investors like Andreessen Horowitz, SV Angel and Founders Fund, with a current valuation of $3.2B. The company has 199 active competitors, including 31 funded and 29 that have exited. Its top competitors include companies like Zelis Healthcare, PayZen and Rialtic.

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 199 active competitors

Employee Count

816 as on Sep 30, 2026

Investment & Acquisitions

OODA Health

Similar Companies

Zelis Healthcare & 246 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	Reports
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 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. Eik Florian Otto, Florian Otto, Kareem Zaki, Arel Lidow, Ken Howery, 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
Eik Florian Otto	Independent board member	-	Current	8y 4m
Florian Otto	Independent board member	-	Current	9y 10m
Kareem Zaki	Independent board member	-	Current	9y 10m
Arel Lidow	Independent board member	-	Current	9y 10m
Ken Howery	Independent board member	-	Current	9y 10m
Scott Kupor	Independent board member	-	Current	6y 4m
Florian Otto Eik	Independent board member	-	Current	5y 4m
Penny Wheeler	Independent board member	-	Current	6y 4m
Christopher Bischoff	Independent board member	-	Current	8y 4m

View details of Cedar's Founder profiles and Board Members

Cedar's employee count trend

Cedar has 816 employees as of Sep 26. Here is Cedar's employee count trend over the years:

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Top competitors of Cedar include Zelis Healthcare, PayZen and Rialtic. 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	67/100
2nd	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	62/100
3rd	PayZen 2011, San Francisco (United States), Series B	AI medical billing software for healthcare professionals and organizations	$72M	7wire Ventures, SignalFire & 7 others	60/100
4th	Rialtic 2020, Atlanta (United States), Series B	Payment solutions for healthcare sectors	$81M	F-Prime Capital, Socium Ventures & 4 others	59/100
5th	RevSpring 1981, St. Paul (Canada), Acquired	Platform for revenue cycle management in healthcare centers	-	Frazier Healthcare Partners, WestView Capital ... & 6 others	58/100
6th	Rectangle Health 1992, Valhalla (United States), Acquired	Platform for managing payment processes	-	Ares Capital Corporation, TA Associates	57/100
7th	AblePay Health 2016, Bethlehem (United States), Series A	Medical bill payment solution for healthcare providers	$31.4M	F-Prime Capital, .406 Ventures & 1 others	55/100
8th	InstaMed 2004, Philadelphia (United States), Acquired	Healthcare bill payment solutions	$123M	NJTC Venture Fund, Osage Venture Partners ... & 9 others	54/100
9th	HealthiPASS 2013, Lombard (United States), Acquired	Healthcare billing management	$11.3M	QED Investors, OCA Ventures & 7 others	54/100
10th	VisitPay 2010, Boise (United States), Acquired	Cloud based patient revenue management system for healthcare providers	$46.1M	Saint Luke's, Norwest & 4 others	52/100