Cedar closes $200M for engaging patient payments, Paige updates its 9-figure Series C and more digital health fundings
Summary
Cedar, the maker of an intelligent patient billing and engagement platform, announced today a $200 million Series D round of funding headed by Tiger Global Management, with participation from prior backers including Andreessen Horowitz (a16z), Thrive Capital and Concord Health Partners. "Now more than ever, patients deserve a healthcare experience that prioritizes their needs, and yet there are still so many problems on the financial side, which negatively impact their medical journey," Florian Otto, CEO and cofounder of Cedar, said in a statement. With this funding, we are in position to further extend our footprint, help relieve financial burdens for patients and continue innovating to respond to ongoing shifts in the healthcare industry." "This raise enables us to accelerate our national and international expansion, expand our specially programming, and increase our focus on data and medical outcomes," Daniel Freedman and Mike Kott, co-CEOs and cofounders of BurnAlong, said in a statement. "PayGrounds leadership team not only has the vision to solve a real problem in this industry but has demonstrated phenomenal execution to date," Netalie Nadivi, general partner at Triventures, said in a statement.