Castlight Health Receives $60,000,000 Series C Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a9e10174-5cff-48a8-9b56-5c1967d31da2&Preview=1 -
Date
6/11/2010 -
Company Name
Castlight Health -
Mailing Address
685 Market St. San Francisco, CA 94105 -
Company Description
Castlight Health (formerly Ventana Health Services) was founded in 2008 to empower consumers with the knowledge to make informed health care shopping decisions. The rising cost of health care has put an increased burden on the consumer, while visibility into health care pricing and quality has remained elusive. Castlight Health offers companies a hosted software tool that provides employees with personalized views of their medical benefits and the costs associated with medical procedures. -
Website
http://www.castlighthealth.com -
Transaction Type
Venture Equity -
Transaction Amount
$60,000,000 -
Transaction Round
Series C -
Proceeds Purposes
The funding will be used to accelerate hiring and further product development in order to serve Castlight Health’s initial customers. -
M&A Terms
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Venture Investor
Maverick Capital -
Venture Investor
The Wellcome Trust -
Venture Investor
Morgan Stanley Venture Partners -
Venture Investor
U.S. Venture Partners -
Venture Investor
The Cleveland Clinic -
Venture Investor
Oak Investment Partners -
Venture Investor
Venrock
