Cedar is an AI-powered healthcare financial experience platform that helps patients understand and resolve medical bills. It also helps healthcare organizations improve billing, payments, coverage, and support operations.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Cedar shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| Mar 8, 2021 | Series D | ||
| Jun 16, 2020 | Series C | ||
| Jun 19, 2018 | Series B | ||
| Dec 23, 2016 | Series A | ||
| Dec 23, 2016 | Series A |
Inc. included Cedar Gate Technologies on its 2024 Inc. 5000 list, which ranks private U.S. companies by percentage revenue growth from 2020 to 2023. The company says it serves payers, providers, employers and administrators on a unified value-based care platform.
Cedar announced Kora, an AI voice agent, to automate patient billing calls at providers including ApolloMD. The company says it is designed to reduce labor pressure and staffing strain while improving patient support in healthcare finance.
Cedar says it spans patient interactions and payments processes across healthcare financial workflows, with metrics accumulated since 2017. Its platform includes Cedar Support, Cedar Kora and Cedar Cover, pointing to a broad product surface in a large transaction-heavy market.
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No. As of March 2026, Cedar is a private company and does not trade on any public stock exchange. Accredited investors can access Cedar shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Cedar does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Cedar shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Cedar shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Cedar is an AI-powered healthcare financial experience platform that helps patients understand and resolve medical bills and helps providers improve billing, with $356M in 2024 revenue, and Cedar Gate ranked among America’s fastest-growing private firms — accredited investors can access Cedar stock through UpMarket.