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Web Health Insurance Technology Firm Raises $6 Million

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NU Online News Service, March 25, 2004, 12:32 p.m. EST – Connecture Inc., Atlanta, has raised $6 million in capital by selling stock to a private investment group.[@@]

Connecture develops Web-based sales and service systems for big health insurers. Its customers include Aetna Inc., Hartford; PacifiCare Health Systems Inc., Cypress, Calif.; and many carriers that belong to the Blue Cross and Blue Shield Association, Chicago.

Chrysalis Ventures L.L.C., Louisville, Ky., organized the latest round of financing. The other investors include 4 firms that have invested in Connecture in the past, Chrysalis says.