About ConnectureDRX
ConnectureDRX is a company based in Los Angeles (United States) founded in 1999 was acquired by Connecture in January 2013. It operates as a SaaS (Software-as-a-Service), and Professional Services. ConnectureDRX has raised $18.5 million across 1 funding round from investors including Connecture and Lemhi Ventures. ConnectureDRX has completed 1 acquisition, including Rxaminer. ConnectureDRX offers products and services including PlanCompare Edge, Active Analytics, Medicare Retention Suite, and Drug Savings Solutions.
- Headquarter Los Angeles, United States
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Sectors
Healthcare
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Email
***********
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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
$18.5 M (USD)
in 1 rounds
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Latest Funding Round
$18.5 M (USD), Series B
Feb 01, 2008
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Investors
Connecture
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Connecture
(Jan 17, 2013)
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Products & Services of ConnectureDRX
ConnectureDRX offers a comprehensive portfolio of products and services, including PlanCompare Edge, Active Analytics, Medicare Retention Suite, and Drug Savings Solutions. 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.
Software for Medicare shopping and enrollment is provided.
Real-time data insights for member outreach are delivered.
Personalized experiences for at-risk members are offered here.
Drug cost comparison tools for members are provided.
Unlock access to complete
Funding Insights of ConnectureDRX
ConnectureDRX has successfully raised a total of $18.5M through 1 strategic funding round. The most recent funding activity was a Series B round of $18.5 million completed in February 2008. 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 1
- Last Round Series B — $18.5M
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First Round
First Round
(01 Feb 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2008 | Amount | Series B - ConnectureDRX | Valuation |
investors |
| 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 ConnectureDRX
ConnectureDRX has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Connecture and Lemhi Ventures. 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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Venture capital investments are focused on healthcare system transformation.
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Founded Year | Domain | Location | |
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Web-based solutions for health insurance sales and automation are delivered.
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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 ConnectureDRX
ConnectureDRX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rxaminer. 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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AI-driven platform is utilized for pharmaceutical data analysis and insights.
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - ConnectureDRX
| 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 |
Connecturedrx Comparisons
Competitors of ConnectureDRX
| 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 Connecturedrx
Frequently Asked Questions about ConnectureDRX
When was ConnectureDRX founded?
ConnectureDRX was founded in 1999 and raised its 1st funding round 9 years after it was founded.
Where is ConnectureDRX located?
ConnectureDRX is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is ConnectureDRX a funded company?
ConnectureDRX is a funded company, having raised a total of $18.5M across 1 funding round to date. The company's 1st funding round was a Series B of $18.5M, raised on Feb 01, 2008.
What does ConnectureDRX do?
ConnectureDRX is established as a market leader in Medicare shopping, quoting, enrollment, and member retention solutions. The company operates within the healthcare sector, focusing on Medicare technology. A range of solutions including PlanCompare Edge, Active Analytics, Medicare Retention Suite, and Drug Savings Solutions are provided. These tools are designed to support health plans, FMOs, agencies, and individual agents. Seamless and personalized member experiences are delivered through innovative and compliant platforms. Support is extended to all Medicare plan types, including MA, MAPD, MedSupp, PDP, and ancillary products. Over 160 health insurance carriers and 125,000 agents are served by the platforms.
What products or services does ConnectureDRX offer?
ConnectureDRX offers PlanCompare Edge, Active Analytics, Medicare Retention Suite, and Drug Savings Solutions.
How many acquisitions has ConnectureDRX made?
ConnectureDRX has made 1 acquisition, including Rxaminer.
Who are ConnectureDRX's investors?
ConnectureDRX has 2 investors. Key investors include Connecture, and Lemhi Ventures.