Valuation
$3.2B
2023 Revenue
$102.1M
Funding
$419.4M
Team
808
Founded
2016
How Cedar CEO Florian Otto grew Cedar to $102.1M revenue with a 808 person team in 2023.
Cedar provides a smarter way for hospitals, health systems, and medical groups to manage the patient payment ecosystem. Our platform delivers modern intelligence to alleviate collections challenges, dramatically improve billing operations, and ensure a personalized billing experience for patients. Unlike most revenue cycle solutions that focus only on one or two transactional aspects of patient payments, we believe the focus should be on improving the overall experience of patient billing and engagement. Together with the leading medical groups and hospitals across the country, we are elevating the patient payment experience. To learn more, visit www.cedar.com.
Last updated
Cedar Revenue
In 2023, Cedar's revenue reached $102.1M. Since its launch in 2016, Cedar has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | Cedar Hit $102.1m revenue in December 2023 | |
| 2016 | Launched with $0 revenue |
Cedar Valuation, Funding Rounds
Cedar's most recent disclosed valuation is $3.2B.
Cedar has raised $419.4M in total funding across 5 rounds, most recently a $68.4M Series D round in 2022.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2022 | Series D | $68.4M | - | - | |
| 2021 | Series D | $200M | - | - | |
| 2020 | Series C | $102M | - | - | |
| 2018 | Series B | $36M | - | - | |
| 2017 | Seed Round | $13M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Cedar yet.
Cedar Employees & Team Size
Cedar employs approximately 808 people as of 2026, up from 563 in 2023.
| Year | Milestone |
|---|---|
| 2025 | Reached 808 employees (November 2025) |
| 2023 | Reached 563 employees (December 2023) |
| 2022 | Reached 551 employees (December 2022) |
Frequently Asked Questions about Cedar
What is Cedar's revenue?
Cedar generates $102.1M in revenue.
Who founded Cedar?
Cedar was founded by Florian Otto.
Who is the CEO of Cedar?
The CEO of Cedar is Florian Otto.
How much funding does Cedar have?
Cedar raised $419.4M.
How many employees does Cedar have?
Cedar has 808 employees.
Where is Cedar headquarters?
Cedar is headquartered in New York, New York, United States.
Compare Cedar to the industry
Cedar operates across multiple industries. Browse revenue, funding, and growth data for Cedar in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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