About Connecture
Connecture is a Financial Services company based in Brookfield (United States) founded in 1997, and was acquired by Harris Computer in October 2019. Web-based solutions for health insurance sales and automation are delivered. It operates in the Financial Services and Healthcare sectors. Connecture has raised $70.16 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. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite. Its legal entity is CONNECTURE INC. Its competitors include Change Healthcare, HealthEdge and Innovaccer; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Brookfield, United States
- Stage Acquired
- SectorsFinancial ServicesHealthcare
- Website category Finance · Insurance
- Website connecture.com
- Social LinkedIn X Facebook YouTube
- Acquired by Harris Computer (Oct 2019)
- Legal Name Connecture Inc
- Total Equity Funding$70.16M (USD)
in 11 rounds
- Latest Funding Round$17.5M (USD), Post-IPO
Mar 2017
- InvestorsFrancisco Partners
& 9 more
- Investments & AcquisitionsConn Health
& 3 more
- Acquired byHarris Computer
(Oct 2019)
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.
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.
Apps and channels of Connecture
its YouTube channel ConnectureDRX has 858 subscribers and 30 videos.
Videos from Connecture
The most watched videos on Connecture's YouTube channel, ConnectureDRX (858 subscribers). Click a video to play it here.
More on ConnectureDRX.
Funding Insights of Connecture
Connecture has successfully raised a total of $70.16M 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 $70.16M
- Total Rounds 11
- Last Round Post-IPO — $17.5M
- First Round $2M
(Nov 1999)
- Investors Count 9
Latest 10 of 11 funding rounds of Connecture with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | $17.5M | Post-IPO | – | – | |
| May 2016 | $52M | Post-IPO | – | – | |
| Aug 2012 | $20M | Series C | – | Great Point Partners | |
| Sep 2005 | $4.11M | Series C | – | – | – |
| Nov 2004 | $1.5M | Series C | – | – | – |
| Jul 2004 | $9.57M | Series C | – | – | – |
| Mar 2004 | $6M | Series C | – | Chrysalis Ventures | |
| Jun 2003 | $35,000 | Series B | – | – | – |
| Dec 2002 | $2.94M | Series B | – | – | – |
| Jun 2000 | $26M | Series B | – | – |
10 investors in total: 10 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm focused on technology sector | 1999 | franciscopartners.com | San Francisco, United States | |
VC firm making investment in early & growth stage healthcare & tech companies in the US | chrysalisventures.com | Louisville, United States | ||
Private equity firm focused on company buyouts | gppfunds.com | Greenwich, United States | ||
Private equity firm investing in growth-stage companies | ssmpartners.com | Memphis, United States | ||
Investments are made by TTV Capital in early-stage fintech companies. | ttvcapital.com | Atlanta, United States | ||
Angel investments are provided across Atlanta and Georgia. | 1998 | angelatlanta.com | Atlanta, United States | |
Venture capital investments are provided to Texas-based tech founders. | liveoakvp.com | United States | ||
Offers multi-platform firewall management software for enhanced network security. | 2001 | fwbuilder.org | ||
Delivers comprehensive financial advisory and accounting services. | 2004 | new-cap.us | New York, United States | |
Tech firm offering diversified software solutions for multiple industries | 1976 | harriscomputer.com | Ottawa, Canada |
Investor details for Connecture
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Connecture
38 people are tracked at Connecture (17 in leadership, 21 in team).
| Name | Role | Group |
|---|---|---|
Erica Low | VP of Operations | Leadership |
Sharon Poturica | VP, Product & Compliance | Leadership |
Kyle Ostendorf | Director Customer Success - Hosted Multicarrier | Leadership |
Andrew Tutaj | VP, Strategic Development | Leadership |
Mike Desisto | VP Technology | Leadership |
Amanda Heck | Vice President Enterprise Growth | Leadership |
Susan Plumer | Chief Growth Officer | Leadership |
Sylvester Jennings | Director Of Information Technology | Leadership |
Marta Cortes | Director, Strategic Accounts | Leadership |
Arthur Tu | Senior Director Of Product Management | Leadership |
Janie Kim | Clinical Director | Leadership |
Doug Rasmussen | Vice President, Business Development | Leadership |
Valerie Gonzalez Gerot | Vice President, Account Management | Leadership |
Jayden Kim | Director Of Business Operations | Leadership |
Brandon Manbeck | Senior Director, Strategic Accounts | Leadership |
Jason Schmittgens | Senior Director, Strategic Accounts | Leadership |
Tori Call | Vice President, Enterprise Accounts | Leadership |
Mike Mieure | AVP, Technology | Team |
Joseph Kwan | Data Team Lead | Team |
Grant Hoffman | EVP, ConnectureDRX | Team |
18 more people are available in the full profile.
Complete people profiles for Connecture
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Remote health monitoring solution | connhealth.com | Singapore | 2010 | Jun 2016 | $5M | |
An online marketplace for employee health benefits selection is operated. | connectedhealth.com | Chicago, United States | 2009 | Jun 2016 | $5M | |
Web-based prescription drug and Medicare plan comparisons are provided. | drx.com | Los Angeles, United States | 1999 | Jan 2013 | •••• | |
Consulting services are provided to clients in various sectors. | insurix.net | Farmington, United States | 1995 | Feb 2011 | •••• |
Complete acquisition details for Connecture
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Connecture
9 dated milestones of Connecture across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Connecture is founded.
- Funding First funding round of $2.0M.
- Acquisition Acquires Insurix.
- Acquisition Acquires ConnectureDRX.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Conn Health.
- Acquisition Acquires Connected Health.
- Funding Latest funding round, Post-IPO, of $17.5M.
- Exit Acquired by Harris Computer.
Competitors of Connecture
Connecture has 3 listed competitors in our database, 3 of them funded. They include Change Healthcare, HealthEdge and Innovaccer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| changehealthcare.com | 2007 | Nashville, United States | $35.99M | 11,310 | Cloud-based solutions are delivered for healthcare payers, providers, and patients. | |
| healthedge.com | 2004 | Burlington, United States | $108.47M | Software solutions for healthcare payers are provided. | ||
| innovaccer.com | 2014 | San Francisco, United States | $675M | 1,125 | Provider of an AI-powered cloud platform for healthcare performance improvement |
Detailed competitors of Connecture
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Connecture
The website of Connecture (connecture.com) receives about 3.8K visits a month and ranks #4,612,429 among all websites worldwide, #9,139 in Insurance.
- Monthly visits3.8K
▲ 1.1% vs previous month
- Unique visitors1.5K
per month
- Global rank#4,612,429
among all websites
- Category rank#9,139
Finance · Insurance
- Bounce rate51%
- Pages per visit1.7
- Average visit27 sec
- DevicesDesktop 26% · Mobile 74%
Websites whose visitors overlap most with Connecture. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hcentive.com | 100% | View details | |||
| alegeus.com | 99% | 17.2K | #2,485,655 | View details | |
| guidewire.com | 95% | 164.3K | #217,652 | View details | |
acurehealth.com | acurehealth.com | 95% | – | ||
holaira.com | holaira.com | 39% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Connecture
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Connecture (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Connecture
Complete news archive for Connecture
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- Full article archive
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Connecture
Connecture was founded in 1997 and raised its 1st funding round 2 years after it was founded.
Connecture is headquartered in Brookfield, United States. It is registered at Brookfield, Wisconsin, United States.
Connecture is a funded company, having raised a total of $70.16M across 11 funding rounds to date. The company's 1st funding round was a Series B of $26M, raised on Nov 1999.
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.
Connecture's top competitors include Change Healthcare, HealthEdge and Innovaccer.
Connecture offers Active Analytics Platform, APIs, BrokerLink, Medicare Retention Suite, and PlanCompare ONE.
Connecture has made 4 acquisitions, including Conn Health, Connected Health, and ConnectureDRX.
Connecture has 10 investors. Key investors include Francisco Partners, Harris Computer, Atlanta Technology Angels, Chrysalis Ventures, and Great Point Partners.
Connecture operates through Connecture Inc.
Yes. Connecture was acquired by Harris Computer in October 2019.