The round was led by Tiger Global Management, bringing the company's valuation to $3.2 billion. The company, which boasts more than $350 million in total funding to date, will use the new capital to continue meeting skyrocketing demand for the exceptional, patient-centric digital health experiences provided through its platform. Existing investors Andreessen Horowitz (a16z), Thrive Capital and Concord Health Partners also participated in the round.

Cedar is a healthcare financial engagement platform for hospitals, health systems and medical groups that clarifies and simplifies the financial experience for patients, improving bill resolution and payment outcomes for providers. Recently recognized as a leading solution provider in the patient financial experience space by KLAS Research, Cedar facilitates patient-centric financial engagement across the care journey. To learn more, visit www.cedar.com.