March 2021 was the single best month for NYC startup funding in history. These companies led the funding charge with 16 mega ($100M) rounds between them, raising $3.5B in aggregate during the month.
$878M+ invested in NYC startups in the past week; three newly-minted unicorns. NYC Tech News for the week ending 3/13 featuring news for Apploi, Hugging Face, and much, much more.
It’s estimated that physicians leave $125B on the table annually due to poor billing practices. These losses ultimately make healthcare more expensive for the entire industry and all its participants. A number of companies have emerged to focus on revenue cycle management to track the financial status of a patient visit. Cedar focuses on the patient experience with its patient engagement and financial technology platform that simplifies the entire patient financial journey associated with healthcare visits. Used by healthcare systems, hospitals, and practice groups, the company’s flagship product, Cedar Pay, brings a personalized experience that gives patients a transparent understanding of all the financial ramifications of each and every healthcare interaction and ultimately improves collections for the providers. With the pandemic accelerating adoption of digital health solutions, Cedar quadrupled the size of its business in 2020 alone. AlleyWatch caught up with CEO and Cofounder Dr. Florian Otto to learn more about how Cedar facilitates the digital shift in healthcare for both patients and providers, the company’s impressive traction since raising its Series C in June, future strategic growth plans, and the latest funding round from investors that include Tiger Global Management, a16z, Thrive Capital, and Concor Health Partners. This funding comes at a $3.2B valuation (4x the valuation in June) and also makes Cedar NYC’s newest unicorn.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/9/2021 featuring funding details for Cube, Cedar, and much more.
Everything you need to need to know about the largest NYC startup funding rounds of Q2 2020; broken down by industry, stage, investors, and more…
Everything you need to need to know about the largest NYC startup funding rounds of June 2020; broken down by industry, stage, investors, and more…
With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in NYC Tech News for the week ending 6/27 including the NYC startup fundings, NYC startup exits, and NYC Tech events […]
The notable startup fundings for the week ending 6/27/20 featuring funding details for Nylas, Immuta, Oscar, and much much more.
In 2016, Cedar CEO and Founder Florian Otto had a terrible billing experience when his then-fiancé, now wife, fainted and had to go to the emergency room. The couple found themselves dealing with a billing nightmare in the months that followed including indecipherable stacks of paper bills, statements sent to the wrong address, and even a call from a debt collector. This led Florian to found Cedar, the patient payment engagement platform to simplify medical bills and the experience for both providers and patients. He shares some insights with us on the state of medical billing, the efficacy of the platform, and the company’s recent funding round from investors that include Andreessen Horowitz, Thrive Capital, and Founders Fund.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/22/2020 featuring funding details for Uniswap and much more.