5. Cedar $77.0M
Round: Series C
Description: Cedar is a patient payment and engagement platform for hospitals, health systems, and medical groups that elevates the patient experience. Founded by Arel Lidow and Florian Otto in 2016, Cedar has now raised a total of $77.0M in total equity funding and is backed by investors that include Kaiser Permanente, Andreessen Horowitz, JP Morgan Chase, SV Angel, and Founders Fund.
Investors in the round: Andreessen Horowitz, Founders Fund, Jeffrey L. Vacirca, Jerod Mayo, Kaiser Permanente, Kinnevik AB, Lakestar, Thrive Capital
Month of funding: June
Industry: Billing, FinTech, Health Care, Medical, Payments
Founders: Arel Lidow, Florian Otto
Founding year: 2016
Total equity funding raised: $126.0M
AlleyWatch’s exclusive coverage of this funding round: Cedar’s Series C round

Mastercard has been transforming how people pay and get paid for more than 50 years. Guided by a commitment to innovation, Mastercard helps businesses grow, improves the consumer payments experience, and advances a more inclusive financial system around the globe. Fostering a culture of innovation is critical to success and Mastercard attracts talented people with curious minds and big ideas across eight global tech hubs, including in the heart of NYC. Mastercard is also committed to working with developers and entrepreneurs, enabling advances in the payments ecosystem of the future. Learn more about innovation and life at Mastercard here.