Healthcare Management Platform Castlight Health Files for $100M IPO
February 12, 2014
Castlight Health, the provider of a suite of enterprise healthcare applications that aim to reduce costs and improve quality and outcomes for companies and their employees, has filed to raise up to $100 million in an initial public offering. The company, which has raised about $181 million in to-date VC funding, plans to list on the NYSE under the symbol CSLT. Its most recent funding round was a massive $100 million Series D that garnered a $523 million valuation in May 2012. Castlight stockholders include Venrock (20.6% pre-IPO stake), Oak Investment Partners (15.8%) and Maverick Capital (10.2%), among many others.