WilmerHale Represents Cedar in $36M Series B Financing
Cedar Inc., a patient financial management platform for hospitals, health systems and independent medical groups, announced a Series B fundraising round of $36 million on June 25, 2018, led by the global investment company Kinnevik. Participants in the round included existing investors Founders Fund and Thrive Capital, as well as Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health. Cedar plans to use the funding to further invest in its platform and build out its existing team. The company also plans to unveil new features and functionalities of its product later this year.