About Connecture
Connecture is a company based in Brookfield (United States) founded in 1997 was acquired by Harris Computer in October 2019.. Connecture has raised $72.16 million across 11 funding rounds from investors including Francisco Partners, Harris Computer and Atlanta Technology Angels. Connecture has completed 4 acquisitions, including Conn Health, Connected Health and ConnectureDRX. Connecture offers products and services including Active Analytics Platform, APIs, BrokerLink, Medicare Retention Suite, and PlanCompare ONE. Connecture operates in a competitive market with competitors including Change Healthcare, HealthEdge, Innovaccer, Zelis Healthcare and Alegeus, among others.
- Headquarter Brookfield, United States
- Stage Public
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Sectors
Financial ServicesHealthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Connecture Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$72.16 M (USD)
in 11 rounds
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Latest Funding Round
$17.5 M (USD), Post-IPO
Mar 14, 2017
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Investors
Francisco Partners
& 9 more
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Employee Count
Employee Count
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Investments & Acquisitions
Conn Health
& 3 more
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Acquired by
Harris Computer
(Oct 07, 2019)
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Products & Services of Connecture
Connecture offers a comprehensive portfolio of products and services, including Active Analytics Platform, APIs, BrokerLink, Medicare Retention Suite, and PlanCompare ONE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time Medicare data insights and member outreach.
Tools for seamless Medicare quoting and enrollment integration.
System connecting agents, plans, and beneficiaries for enrollment.
Suite for engaging at-risk members and improving retention rates.
Platform for Medicare plan comparison and enrollment.
Unlock access to complete
Funding Insights of Connecture
Connecture has successfully raised a total of $72.16M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $17.5 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Post-IPO — $17.5M
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First Round
First Round
(18 Nov 1999)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Post-IPO - Connecture | Valuation |
investors |
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| May, 2016 | Amount | Post-IPO - Connecture | Valuation |
investors |
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| Aug, 2012 | Amount | Series C - Connecture | Valuation | Great Point Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Connecture
Connecture has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Francisco Partners, Harris Computer and Atlanta Technology Angels. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location | |
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VC firm making investment in early & growth stage healthcare & tech companies in the US
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Founded Year | Domain | Location | |
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Private equity firm focused on company buyouts
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Connecture
Connecture has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Conn Health, Connected Health and ConnectureDRX. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Remote health monitoring solution
|
2010 | ||||
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An online marketplace for employee health benefits selection is operated.
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2009 | ||||
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Web-based prescription drug and Medicare plan comparisons are provided.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Connecture
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Connecture Comparisons
Competitors of Connecture
Connecture operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Change Healthcare, HealthEdge, Innovaccer, Zelis Healthcare and Alegeus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based solutions are delivered for healthcare payers, providers, and patients.
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| domain | founded_year | HQ Location |
Software solutions for healthcare payers are provided.
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| domain | founded_year | HQ Location |
Provider of an AI-powered cloud platform for healthcare performance improvement
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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| domain | founded_year | HQ Location |
SaaS-based suite solutions for payers are provided by HighRoads.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Connecture
Frequently Asked Questions about Connecture
When was Connecture founded?
Connecture was founded in 1997 and raised its 1st funding round 2 years after it was founded.
Where is Connecture located?
Connecture is headquartered in Brookfield, United States. It is registered at Brookfield, Wisconsin, United States.
Is Connecture a funded company?
Connecture is a funded company, having raised a total of $72.16M across 11 funding rounds to date. The company's 1st funding round was a Series C of $20M, raised on Nov 18, 1999.
What does Connecture do?
Founded in 1997 and based in Brookfield, United States, solutions are provided by Connecture to the health insurance sector for integrating web-based sales, service, and process automation. A platform is offered that encompasses insurance distribution, with regulatory changes tracked and technologies adjusted for compliance. Customers are consulted during transitions, and specific tools such as DatabaseRX for cost-effective medications, DrugCompare, BROKERLINK, and Medicare Edge are developed.
Who are the top competitors of Connecture?
Connecture's top competitors include Change Healthcare, HealthEdge and Innovaccer.
What products or services does Connecture offer?
Connecture offers Active Analytics Platform, APIs, BrokerLink, Medicare Retention Suite, and PlanCompare ONE.
How many acquisitions has Connecture made?
Connecture has made 4 acquisitions, including Conn Health, Connected Health, and ConnectureDRX.
Who are Connecture's investors?
Connecture has 10 investors. Key investors include Francisco Partners, Harris Computer, Atlanta Technology Angels, Chrysalis Ventures, and Great Point Partners.