Castlight Lands A Whopping $100M D Round To Bring Transparency To Healthcare Costs

Founded in 2008, San Francisco-based Castlight has been at the forefront of the movement to bring price transparency and comparison tools to healthcare, offering a B2B service that enables self-insured businesses to provide their employees with the tools to compare costs and quality of a wide range of tests and procedures. While there was plenty of resistance from providers off the bat, the value of this price transparency has been more than apparent in the amount of funding Castlight has raised to date -- $81 million. Today, the startup is more than doubling its coffers, as it has announced the closing of a $100 million Series D financing. The round was led by two "major" (but unnamed) mutual funds, with contributions from T. Rowe Price, and Redmile Group. Castlight's previous investors include names like Morgan Stanley, Wellcom Trust, U.S. Venture Partners, Maverick Capital, Oak Investment Partners, Venrock, and more.

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