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Castlight Health, Inc.
Business Summary
Castlight Health, Inc. is a privately-held, venture capital backed software company that creates software to improve transparency in healthcare costs and quality. Castlight Health, Inc. is widely recognized as one of the top venture capital backed software companies in the United States. Its health management suite aims to help individuals compare the value of different healthcare options based on their personal medical plans. By making prices and quality more transparent, Castlight Health aims to bring costs of health care down while raising quality. Castlight Health sells its software mainly to large employers and health plans. Founded in 2008 by Giovanni Colella, Castlight Health, Inc. is headquartered in San Francisco, California.
Overview & Corporate Organization
Basic Information
| Company Tags: | PE Backed VC Backed |
| Year Founded: | 2008 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 1YR Employee Growth Rate: | View % |
| City: | San Francisco |
| State/Province: | California |
| Country: | United States |
| Phone: | View |
| Website: | www.castlighthealth.com |
Corporate Organization
| Founders: | Giovanni Colella |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Healthcare > Health Care Providers & Related Medical Services > Medical Cost Management |
| Internet > Internet Services > Web Applications |
| Technology > Software > Health & Medical Software |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
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| Financial Notes: | |
| * | Castlight Health, Inc. fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
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Castlight Health, Inc. Revenues ($ MM): |
Castlight Health, Inc. Total Employees: |
Castlight Health, Inc. Productivity (Revenue/Employee) ($): |
VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| Apr. 2008 | View | A | ||
| Details | Total Round A View | |||
| Sep. 2009 | View | B | Venture Capital | |
| Sep. 2009 | View | B | Venture Capital | |
| Details | Total Round B View | |||
| Jun. 2010 | View | C | Hedge Fund | |
| Jun. 2010 | View | C | Venture Capital | |
| Jun. 2010 | View | C | Venture Capital | |
| Jun. 2010 | View | C | Venture Capital | |
| Jun. 2010 | View | C | Other Investment Firm | |
| Details | Total Round C View | |||
| May. 2012 | View | D | Corporate | |
| May. 2012 | View | D | Private Equity & Venture Capital | |
| May. 2012 | View | D | Hedge Fund | |
| May. 2012 | View | D | Investment Banking Firm | |
| May. 2012 | View | D | Venture Capital | |
| May. 2012 | View | D | Venture Capital | |
| May. 2012 | View | D | Venture Capital | |
| May. 2012 | View | D | Non-Profit | |
| May. 2012 | View | D | Private Equity & Venture Capital | |
| Details | Total Round D View | |||
| Total of Funding Shown Above View | ||||
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Detailed Business Description: Castlight Health, Inc.
Business Overview
Castlight Health, Inc. creates and sells software that improves transparency in the price and quality of different healthcare options. Castlight Health sells its products mainly to large employers and health plans, allowing their employees to make smarter choices when picking healthcare options. It also personalizes the cost of different options based on each person’s health insurance provider and plan.
Revenue Model
The Castlight Health Management Suite is offered to large employers and health plans. Large, self-insured businesses buy the software to allow their employees to make cost-effective choices. Health plans buy the software to integrate Castlight’s services to allow their customers to find the right healthcare options at the right price. Castlight’s revenue is based on charging employers a rate per employee, per month. As of 2012, the service is only available for individuals working at the companies that add Castlight to their… Continue Reading →
Supplemental Resources
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