September 20, 2018
San Francisco-based Ooda Health, a new startup focused on decreasing waste and inefficiency in the area of healthcare administration, has raised $40.5 million in a Series A round that’s notable in a couple of ways: for one, the company’s veteran founders, including Castlight Health founder Dr. Giovanni Colella, chose to work exclusively with VCs with at least one woman partner. For another, the...
July 31, 2018
This story has been updated with some additional information about the layoffs.
Wal-Mart has decided to part ways with Castlight Health at the conclusion of its current contract rather than migrate over to Castlight Complete, the company's new platform designed to bring the consumer-facing care navigation tools it rolled out with Anthem Engage out to non-Anthem customers.
On the company's second...
October 19, 2017
Anthem is launching a new comprehensive digital health platform for members nationwide. The platform, called Engage, comes out of the company's partnership with Castlight Health, which began in 2015. Going forward, it will serve as the foundation for the health plan's digital operations.
"So much is moving into the digital and mobile modalities," Morgan Kendrick, Anthem's head of national...
August 4, 2017
Castlight Health’s $135 million acquisition of Jiff in January was not just a merger. It was a strategy shift, even an identity change for the company— from a healthcare cost transparency vendor to a comprehensive employee wellness company. On the company’s second quarter earnings call, CEO John Doyle updated investors on that transition.
“In our view, the new Castlight is the only health...
March 3, 2017
Last year was an important one for San Francisco-based Castlight Health, as it was the first full year of availability for their health benefits platform, and that led to a strong finish in the final quarter of 2016 in the form of $101.7 million in total revenue and $95 million in subscription revenue, which each represent a 35 percent increase year over year.
On a call with investors, Castlight...
January 5, 2017
San Francisco-based Castlight Health, which offers consumers a personalized health shopping platform, has announced the strategic acquisition of Mountain View, California-based digital health benefits platform Jiff. Castlight will pay about $135 million in the form of 27 million Castlight shares and options issued to Jiff equity holders. The two companies are both relatively early entrants into...
November 8, 2016
San Francisco-based Castlight Health, which offers consumers a personalized health shopping platform, added 14 new large customers, saw increased revenue and cash, and intensified its focus on evolving the business to gain more traction among mainstream buyers in the third quarter of 2016.
On call with investors, Castlight Health CEO and cofounder Giovanni Colella said the company reached $100...
August 12, 2016
Over the years, more and more companies have gone public in the digital health space and existing public companies have gotten into the space, either on their own or thorugh acquisitions. Here's a roundup of digital health talk on the latest round of second quarter investor calls and quarterly finance reports.
Fitbit. San Francisco-based Fitbit, maker of a series of popular wearable activity...
August 12, 2016
San Francisco-based Castlight Health, which offers a personalized health shopping platform aimed at equipping employees with transparency on both pricing and quality, added some big names to its subscription service and saw increase in both revenue and cash in the second quarter of 2016.
Additionally, the company is focusing its sales model by leveraging the data sets provided by its health...
October 14, 2015
Lyra Health, the behavioral health-focused startup launched this summer by David Ebersman, former CFO of Facebook and Genentech, has raised $35 million. Greylock Partners and existing investor Venrock led the round, with additional participation from existing investor Castlight Health, and new investors Providence Health & Services, Breyer Capital, and Origin Capital...