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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.

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Cedar Revenue

In 2023, Cedar's revenue reached $102.1M. Since its launch in 2016, Cedar has shown consistent revenue growth.

Cedar Revenue GrowthReported revenue / ARR by year$0$25M$50M$75M$100M$125M20162017201820192020202120222023$0$102MSource: GetLatka.com
YearMilestoneQuote
2023Cedar Hit $102.1m revenue in December 2023
2016Launched 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.

Cedar Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$100M$200M$300M$400M$500M20162017201820192020202120222016 cumulative: $0 • 2016 Founded: $02017 cumulative: $13M • 2016 Founded: $0 • 2017 Seed Round: $13M2018 cumulative: $49M • 2016 Founded: $0 • 2017 Seed Round: $13M • 2018 Series B: $36M2020 cumulative: $151M • 2016 Founded: $0 • 2017 Seed Round: $13M • 2018 Series B: $36M • 2020 Series C: $102M2021 cumulative: $351M • 2016 Founded: $0 • 2017 Seed Round: $13M • 2018 Series B: $36M • 2020 Series C: $102M • 2021 Series D: $200M2022 cumulative: $419M • 2016 Founded: $0 • 2017 Seed Round: $13M • 2018 Series B: $36M • 2020 Series C: $102M • 2021 Series D: $200M • 2022 Series D: $68M$419M2016 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2022Series D$68.4M--
2021Series D$200M--
2020Series C$102M--
2018Series B$36M--
2017Seed Round$13M--

Founder / CEO

Florian Otto

Florian Otto is listed as Founder / CEO at Cedar.

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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.

Cedar Team GrowthReported headcount over time02004006008001,00020162018202020222024202500551551563563808808Source: GetLatka.com
YearMilestone
2025Reached 808 employees (November 2025)
2023Reached 563 employees (December 2023)
2022Reached 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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Cedar Revenue 2023: $102.1M ARR, $3.2B Valuation