.
MergerLinks Header Logo

New Deal


Announced

Completed

Andreessen Horowitz led a $102m Series C round in Cedar.

Financials

Edit Data
Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Acquisition

Completed

health care technology

Minority

Friendly

Venture Capital

Private

Single Bidder

patient engagement

Digital Services

Private Equity

Synopsis

Edit

Andreessen Horowitz led a $102m Series C round in Cedar, a patient payment and engagement platform. The deal includes $77m in venture capital and $25m from JP Morgan in venture debt. Other participants in the fundraising round include Kaiser Permanente and Cedar’s current investors including Kinnevik, Thrive Capital, Lakestar and Founders Fund. "Cedar’s leadership team brings together medical, healthcare technology and deep software expertise that puts them in a unique position to drastically transform the way patients interact with healthcare providers. We've been extremely impressed by the patient payment solutions they've built and look forward to partnering to help them deliver on their mission to allow healthcare providers to understand and engage with patients more effectively," Scott Kupor, Andreessen Horowitz Managing Partner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US