Patient engagement and financial technology leader, Cedar, today announced it has closed more than $102M in Series C funding, led by venture capital firm Andreessen Horowitz. The deal includes $77M in venture capital and $25M from JP Morgan in venture debt.
Editor's Note: This article was originally posted on Cedar's website.
The company also announced it has partnered with Novant Health, a leading North Carolina-based healthcare system, to deliver an innovative, personalized financial experience for Novant Health patients. Both announcements underscore the company’s growth strategy and affirm the critical need to transform the U.S. healthcare system’s approach to patient financial engagement.
“The COVID-19 pandemic has put a spotlight on many of the inefficiencies and archaic processes across our current healthcare system which has, in turn, driven an increase in the adoption of platforms like Cedar's among healthcare providers,” said Florian Otto, CEO and co-founder of Cedar. “Through this round of funding and our new partnership with Novant Health, Cedar’s patient engagement and payment technology platform will be able to offer an improved experience for more patients with simplified and personalized digital engagement strategies and payment support options. We’re very pleased with this strong show of support from our investors and partners, and look forward to further enhancing our platform for patients and providers.” Click here to continue>>
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