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Cedar Accelerates Growth With $102M in Series C Funding Led by Andreessen Horowitz and New Innovation Partnership With Novant Health

Jun 22, 2020•about 5 years ago

Amount Raised

$102 Million

Round Type

series c

New York

Description

 Patient engagement and financial technology leader Cedar today announced it has closed more than $102M in Series C funding, led by venture capital firm Andreessen Horowitz. The deal includes $77M in venture capital and $25M from JP Morgan in venture debt. The company also announced it has partnered with Novant Health, a leading North Carolina-based healthcare system, to deliver an innovative, personalized financial experience for Novant Health patients. Both announcements underscore the company's growth strategy and affirm the critical need to transform the U.S

Company Information

Company

Cedar

Location

New York, New York, United States

About

Cedar is a healthcare financial engagement platform for hospitals, health systems and medical groups that clarifies and simplifies the financial experience for patients, improving bill resolution and payment outcomes for providers. Recently recognized as a leading solution provider in the patient financial experience space by KLAS Research, Cedar facilitates patient-centric financial engagement across the care journey. To learn more, visit www.cedar.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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