Cedar Raises $13M in Series A Funding

Funding Rounds

Summary

Backers included Founders Fund, Thrive Capital, Martin Ventures and SV Angel.Led by Florian Otto, co-founder and CEO, Cedar provides a platform that powers solutions for hospitals, health systems and medical groups, delivers modern intelligence to alleviate collections challenges, improve billing operations and ensure a personalized billing experience for patients.Through the Cedar platform, providers can consolidate billing information across multiple caregivers while delivering clear invoices detailing exactly what patients owe, with personalized click-to-pay options.In parallel, provider billing teams can keep track of all activities via a patient CRM and financial dashboards.The solution can be integrated with any electronic health record (EHR) or practice management system (PMS), and implemented in ten weeks or less.

$ Funding

$
Amount $13.0M Total raised
Date December 7, 2017 Announcement date
Investors SV Angel, Martin Ventures, Lakestar Advisors Germany GmbH, Thrive Capital Lead investors
Company http://www.cedar.com Funded company

Classifications

industries
HealthTech
applications
Accounting and Taxes

AskAI Classifications

Labels
Healthcare Software Financial Software SaaS

Linked Companies

Cedar
$10M to $25M