Cedar IPO

cedar.com

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.

Total Funding to Date$389.1MM
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Cedar Ticker Symbol

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Cedar Stock Price

The stock price for Cedar will be known as it becomes public. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT).

Cedar Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
3/9/2021 Series D $3.55B $XXX.XX $XXX.XX
6/22/2020 Series C $1.05B $XXX.XX $XXX.XX
6/25/2018 Series B $366.96MM $XXX.XX $XXX.XX
12/6/2017 Series A and A-1 $112.5MM $XXX.XX $XXX.XX
Based on primary financings

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