Cedar
Cedar offers an AI-powered healthcare financial platform, unifying billing, payments, and coverage through products like Cedar Pay and Cedar Cover.
Secondary Market Price
How Cedar Measures Up
To help you manage your Cedar equity, Prospect has run the company through our machine learning model.
Prospect Rating
This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Cedar Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Cedar's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Cedar is a healthcare financial technology company that operates an AI-powered platform designed to unify billing, payments, coverage, and support for patients and providers. The company's platform uses data from a large volume of patient interactions to personalize the financial experience. Cedar's product suite includes Cedar Pay for patient billing, Cedar Cover for insurance navigation, and Cedar Pre for patient engagement before care. Founded in 2016 in New York, the company has grown to support over 50 million patients and has processed more than $10 billion in payments through its system. Co-founded by CEO Florian Otto, Cedar has raised a total of $326 million in funding and was valued at $3.2 billion as of March 2021.
The company's future plans focus on the continued development of its AI technology to address administrative waste and affordability in healthcare. This includes expanding the use of agentic AI, such as its Kora voice agent for billing support. Recent announcements indicate a focus on adapting to industry changes, with the company publishing research on patient needs amid shifting Medicaid requirements and gathering predictions from industry leaders on the future of healthcare. Cedar was recently recognized by KLAS Research as a top patient financial engagement vendor and was named a Built In Best Place to Work for the sixth year in a row.
- Tiger Global Management
- Andreessen Horowitz
- Thrive Capital
- Concord Health Partners
- Kinnevik
- Founders Fund
- Lakestar
- Sound Ventures
- Kevin Systrom
- Nat Turner
- Craft Ventures
- SV Angel
- Martin Ventures
- Memorial Hermann Foundation
- Co-Founder, Florian Otto
- Co-Founder, Arel Lidow
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Cedar worth joining?
Deciding to join a startup like Cedar involves evaluating many factors, including the potential of its equity compensation. Platforms like Prospect can help you model the future value of your equity, giving you a clearer picture of the potential financial upside.
What should I do with my Cedar stock?
Managing your Cedar stock effectively requires a personalized strategy for exercising options and minimizing your tax burden. Using a tool like Prospect can provide tax-optimized exercise plans and help you decide when to act to maximize your post-tax earnings.
Can you sell Cedar stock?
Selling stock in a private company like Cedar is typically possible during company-approved liquidity events, such as tender offers, or on secondary markets. Prospect offers tender offer tools and secondary market data to help you decide how much to sell and identify the most tax-optimal shares.
How can I find the value of my Cedar stock?
The value of private stock like Cedar's isn't publicly listed, but it can be estimated based on the company's latest 409A valuation and future growth projections. Platforms like Prospect use predictive models trained on VC data to help you project the future value of your shares and understand your potential net worth.
What is Cedar's equity worth?
The exact worth of Cedar's private equity fluctuates and depends on factors like company performance, market conditions, and the most recent valuation. You can get a personalized forecast of your equity's potential value by using services like Prospect, which model various scenarios to estimate your holdings' future worth.
What is Cedar's stock ticker symbol?
As a private, pre-IPO company, Cedar is not traded on a public stock exchange and therefore does not have a stock ticker symbol. Ticker symbols are assigned to companies only when they go public through an Initial Public Offering (IPO).
Can I buy or sell Cedar stock?
Opportunities to buy or sell stock in a private company like Cedar are limited to specific events, such as secondary market transactions or official tender offers. Tools from Prospect can help you navigate these events by providing data on secondary market prices and optimizing your decisions for tender offers.
What is the criteria to buy or invest in Cedar stock?
Investing in a private company like Cedar is generally restricted to accredited investors participating in funding rounds or employees who receive equity as part of their compensation. For employees who hold equity, platforms like Prospect provide tools to analyze their holdings and make informed decisions without needing to meet external investment criteria.
