Turning a corner: Private market posts best month in yearsCore private market metrics suggest positive momentum is brewing and investor sentiment is improving
Turning a corner: Private market posts best month in years
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Cedar was founded in 2016 by Arel Lidow, Florian Otto, and Kareem Zaki. While the company is growing quickly, nobody has publicly discussed plans for a future IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Cedar is a fintech company and developer of 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. In 2021, Cedar acquired OODA Health, the makers of a powerful billing platform, for $425 million. Cedar has raised a total of $350 million in venture capital funding, most recently in a $200 million round that included investors Tiger Global Management, Thrive Capital, Concord Health Partners, and Andreessen Horowitz. This latest round raised the company's valuation to $3.2 billion.
Cedar is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Cedar pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Cedar is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 12/19/2022 | Series D | $255MM raised | $XXX.XX | $XXX.XX |
| 6/22/2020 | Series C | $79.8MM raised | $XXX.XX | $XXX.XX |
| 6/25/2018 | Series B | $41.3MM raised | $XXX.XX | $XXX.XX |
| 12/6/2017 | Series A and A-1 | $13MM raised | $XXX.XX | $XXX.XX |
