Companies · Other Health Care

Castlight Health, Inc.

SAN FRANCISCO · Other Health Care

Diligence memoA one-page analyst read on Castlight Health, Inc. — recommendation, valuation, rhythm, risks.
$177.0M
Total raised · real
3
Rounds
1.7×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Thu Apr 26 2012 00:00:00 GMT+0000 (Coordinated Universal Time)

Castlight Health, Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the health care sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.94× the median modeled value of Series C Other Health Care companies in 2010–2012 (24 peers) — value vs value, same stage and era.
Dormant
  • Last raise 14.2 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other Health Care

Castlight Health, Inc. is one of 5377 Other Health Care companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries B · 2009-08-21 Raised $17M (real) Modeled valuation $377M (est)$17M$377MSeries B2009Series C · 2010-06-07 Raised $60M (real) Modeled valuation $1.4B (est)$60M$1.4BSeries C2010Series C · 2012-04-26 Raised $100M (real) Modeled valuation $2.3B (est)$100M$2.3BSeries C2012+$60M+$100MCumulative $177M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$17.0M · 2009
Series C$60.0M · 2010
Series C extension$100.0M · 2012

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$2.3B
Base estimate est.
$363.5M
Conservative case
$6.0B
Upside case
$666.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the health care sector profile. Directional, not a quoted figure.

Series B · modeled $376.6M · 2009-08-212009Series C · modeled $1.4B · 2010-06-07Series C · modeled $2.3B · 2012-04-262012
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
73%
Survival probability
55% low · 85% high
1.29×/yr
Annual markup
1.48×/yr upside case
6.0 yr
Elapsed time used
14.2 yr actual, capped for stale marks
health care
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
16 mo
Avg between rounds
$66.0M/yr
Capital velocity
16.9 yr
On record since
2009
First round
3
Rounds on file
How it compares to the market

Benchmarked against 5377 companies in Other Health Care. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 73× above median
This company$177.0M
Sector median$2.4M
Latest round — vs other Series C rounds in sector (real $, this stage) 2.2× above median
This company$100.0M
Sector median$45.9M
Modeled value — vs sector median (estimate, all stages) 103× above median
This company$2.3B
Sector median$22.1M

Raised more than 98% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 24.

This companyCohort peer
$1.0B$10.0B$10.0M$100.0M$1.0BCapital raised (log)Msd Parent Corp. · Series C Raised $98.8M · modeled $2.3B (est)Pentec Healthcare Infusions, Inc. · Series C Raised $98.8M · modeled $2.3B (est)OraPharma Topco Holdings, Inc. · Series C Raised $88.5M · modeled $2.0B (est)Cameron Health, Inc. · Series C Raised $82.7M · modeled $1.9B (est)UANT Ventures, L.P. · Series C Raised $120.4M · modeled $1.6B (est)Sientra, Inc. · Series C Raised $65.0M · modeled $1.5B (est)Moksha8 Inc · Series C Raised $93.5M · modeled $1.4B (est)FC Investors XXI LLC · Series C Raised $60.0M · modeled $1.4B (est)Cardiomems Inc · Series C Raised $139.6M · modeled $1.4B (est)Homecare Homebase, LLC · Series C Raised $56.5M · modeled $1.3B (est)Precision Dermatology, Inc. · Series C Raised $103.4M · modeled $1.3B (est)Castlight Health, Inc. (this company) Raised $177.0M · modeled $2.3B (est)Castlight Health, Inc.
CompanyStageRaised · realValue · estvs peer med.
Castlight Health, Inc. this companySeries C$177.0M$2.3B1.94×
Msd Parent Corp.Series C$98.8M$2.3B1.92×
Pentec Healthcare Infusions, Inc.Series C$98.8M$2.3B1.92×
OraPharma Topco Holdings, Inc.Series C$88.5M$2.0B1.72×
Cameron Health, Inc.Series C$82.7M$1.9B1.61×
UANT Ventures, L.P.Series C$120.4M$1.6B1.33×
Sientra, Inc.Series C$65.0M$1.5B1.26×
Moksha8 IncSeries C$93.5M$1.4B1.19×
FC Investors XXI LLCSeries C$60.0M$1.4B1.17×
Cardiomems IncSeries C$139.6M$1.4B1.17×
Homecare Homebase, LLCSeries C$56.5M$1.3B1.10×
Precision Dermatology, Inc.Series C$103.4M$1.3B1.07×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$17.0M2009-08-21$94.4M$376.6M90%
Series C$60.0M2010-06-07$400.0M$1.4B90%
Series C$100.0M2012-04-26$666.7M$2.3B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$17.0M2009-08-21
    • First recorded raise — entered as Series B.
  2. Series C$60.0M2010-06-07
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round 3.5× larger than the prior — scaling up.
  3. Series C$100.0M2012-04-26
    • Raised again after 23 mo — slower than the ~14 mo sector norm.
    • Round 1.7× larger than the prior — scaling up.
Intelligence
2013 ~Q3
Modeled next raise · ~16mo cadence
$166.7M
Modeled next size est.range $108.3M$266.7M
1.7×
Last step-up
$66.0M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Bryan Roberts17 other2009-08
David Singer6 other2012-04
Ann H. Lamont5 other2009-08
Robert Kocher4 other2012-04
Giovanni Colella3 other2009-08
DAVID EBERSMAN2 other2012-04
Randy Womack2 other2012-04
CHRISTOPHER P. MICHEL1 other2009-08
Christopher Michel2012-04
DAVID H. SINGER2010-06
Registry & provenance

Castlight Health, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1433714
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Endogastric Solutions IncOther Health CareSeries C$177.3M$557.6Msame sector · same stage
HALT Medical, IncOther Health CareSeries C$177.7M$1.4Bsame sector · same stage
Devoted Health, Inc.HealthtechSeries C$62.0M$1.6Bnetwork2 shared operators · same stage
Whoop, Inc.Other Health CareSeries C$180.4M$2.1Bsame sector · same stage
ExploraMed NC7, Inc.Other Health CareSeries C$181.5M$752.1Msame sector · same stage
Precision Neuroscience CorpOther Health CareSeries C$172.3M$713.2Msame sector · same stage
Accompany Health, Inc.HealthtechSeries C$56.3M$680.7Mnetwork2 shared operators · same stage
Direct Flow Medical, Inc.Other Health CareSeries C$170.5M$619.6Msame sector · same stage
Frequently asked
How much funding has Castlight Health, Inc. raised?
Castlight Health, Inc. has raised approximately $177.0M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Castlight Health, Inc.'s estimated valuation?
Provath's modeled valuation for Castlight Health, Inc. is approximately $2.3B (modeled range $363.5M–$6.0B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Castlight Health, Inc. at?
Castlight Health, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Thu Apr 26.
What does Castlight Health, Inc. do and where is it based?
Castlight Health, Inc. operates in the Other Health Care sector, based in SAN FRANCISCO.
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