About Castlight
Castlight is a company based in San Francisco (United States) founded in 2008 was acquired by Vera Whole Health in January 2022.. Castlight has raised $178 million across 4 funding rounds from investors including Morgan Stanley, T. Rowe Price and Cleveland Clinic. The company has 157 employees as of March 31, 2024. Castlight has completed 1 acquisition, including Jiff. Castlight offers products and services including Healthcare Navigation Platform, Digital Front Door, and Clinician-Led Advocacy. Castlight operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others.
- Headquarter San Francisco, United States
- Employees 157 as on 31 Mar, 2024
- Stage Public
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Castlight Health
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$178 M (USD)
in 4 rounds
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Latest Funding Round
$100 M (USD), Series D
May 01, 2012
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Investors
Morgan Stanley
& 9 more
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Employee Count
157
as on Mar 31, 2024
- Investments & Acquisitions
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Acquired by
Vera Whole Health
(Jan 05, 2022)
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Products & Services of Castlight
Castlight offers a comprehensive portfolio of products and services, including Healthcare Navigation Platform, Digital Front Door, and Clinician-Led Advocacy. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for personalized benefits and care recommendations.
Centralized hub for health and wellbeing benefits access.
High-touch navigation complementing digital health tools.
Unlock access to complete
Funding Insights of Castlight
Castlight has successfully raised a total of $178M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in May 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $100.0M
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First Round
First Round
(01 Jun 2008)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2012 | Amount | Series D - Castlight | Valuation | T. Rowe Price , Redmile Group |
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| Jun, 2010 | Amount | Series C - Castlight | Valuation | Morgan Stanley , USVP | |
| Sep, 2009 | Amount | Series B - Castlight | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Castlight
Castlight has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, T. Rowe Price and Cleveland Clinic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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VC firm that focuses on early stage investments in the US
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Founded Year | Domain | Location | |
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Early-stage tech and life-sciences firms are funded across the US.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Castlight
Castlight has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Jiff. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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HIPAA-compliant platform for employer healthcare solutions is provided.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Castlight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Castlight Comparisons
Competitors of Castlight
Castlight operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Practo, Accolade, Sharecare and Spendesk, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| domain | founded_year | HQ Location |
Employee health and well-being solutions are delivered through a platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Castlight
Frequently Asked Questions about Castlight
When was Castlight founded?
Castlight was founded in 2008.
Where is Castlight located?
Castlight is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Castlight a funded company?
Castlight is a funded company, having raised a total of $178M across 4 funding rounds to date. The company's 1st funding round was a Series B of $17M, raised on Jun 01, 2008.
How many employees does Castlight have?
As of Mar 31, 2024, the latest employee count at Castlight is 157.
What does Castlight do?
Founded in 2008 and based in San Francisco, United States, Castlight operates in the healthcare technology sector. Cloud-based information on providers and pricing is supplied through a business-to-business subscription model. Access is restricted to employees of enrolled companies, enabling comparisons across metrics for pricing and quality optimization. Consumer-oriented applications are established to integrate employer benefit programs into a single platform.
Who are the top competitors of Castlight?
Castlight's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does Castlight offer?
Castlight offers Healthcare Navigation Platform, Digital Front Door, and Clinician-Led Advocacy.
How many acquisitions has Castlight made?
Castlight has made 1 acquisition, including Jiff.
Who are Castlight's investors?
Castlight has 10 investors. Key investors include Morgan Stanley, T. Rowe Price, Cleveland Clinic, Vera Whole Health, and Wellcome.
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