What is Connecture?
Founded in 1999, Connecture specializes in providing advanced healthcare IT services. The company has developed a robust network for health plan data, effectively bridging the gap between carriers, FMOs, and brokers. This unique positioning allows Connecture to streamline critical processes within the healthcare ecosystem, enhancing efficiency and connectivity for its clients. The company's long-standing presence and focus on data integration have solidified its role as a key technology enabler in the health insurance market.
How much funding has Connecture raised?
Connecture has raised a total of $234.7M across 10 funding rounds:
Series C
$2.9M
Other Financing Round
$6M
Series D
$3.5M
Private Equity
$19.7M
Stock Offering
$53.1M
Private Equity
$52M
Series A
$52M
Private Equity
$17.5M
Series C (2002): $2.9M supported by SSM Partners, WebMD, and LiveOak Equity Partners
Other Financing Round (2004): $6M featuring SSM Partners, Chrysalix Venture Capital, and LiveOak Equity Partners
Series D (2005): $3.5M backed by Chrysalix Venture Capital, LiveOak Equity Partners, and SSM Partners
Private Equity (2012): $19.7M with participation from Chrysalis Ventures and Great Point Partners, LLC
Stock Issuance/Offering (2014): $53.1M, investors not publicly disclosed
Private Equity (2016): $52M supported by Francisco Partners
Series A (2016): $52M featuring Francisco Partners and Chrysalis Ventures
Private Equity (2017): $17.5M, investors not publicly disclosed
Key Investors in Connecture
LiveOak Equity Partners
LiveOak Equity Partners invests in entrepreneurs and companies with the highest potential for significant and sustainable growth and profitability. They back the best and brightest people and companies.
SSM Partners
SSM Partners is one of the largest and most experienced private equity firms in the Southeast, dedicated to investing in strong teams and effective leadership. Their investment approach focuses on providing growth capital, thereby enhancing the operational effectiveness and potential of their portfolio companies.
WebMD
WebMD is an online health information services provider, primarily known for its public website, WebMD.com, which provides information regarding health, including symptoms, pharmacies, and physician's blogs.
What's next for Connecture?
The recent strategic investment in Connecture suggests a focus on expanding its technological capabilities and market reach. Given its history of significant capital raises, the company is likely poised for further innovation in its healthcare IT solutions. This could involve enhancing its data network, developing new platforms for health plan management, or pursuing strategic partnerships to broaden its service offerings. The ongoing capital infusion indicates confidence in Connecture's business model and its potential for sustained growth within the dynamic healthcare industry.
See full Connecture company page
