Cedar, a company that helps make paying your medical bills easier, just raised $102 million as it attempt to reinvent how Americans pay for their doctors visits.
The presentation outlines the four-year-old startup's plans to take on the nearly $200 billion Americans spend out of pocket on healthcare annually.Understanding how much you owe after a doctor's office visit or surgery can be a long, frustrating process. Tackling that bad billing experience is the focus of Cedar, a four-year-old New York startup. On Monday, the company said it raised $102 million in funding in a round led by Andreessen Horowitz. $77 million of the investment was equity and the rest was venture debt from JPMorgan. In all, the startup has now raised $157 million.Business Insider got an exclusive look at the presentation Cedar used to win over investors in its latest round.
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