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Connecture completes $52M funding round

Connecture Inc.has finalized a $52 million investmentled by Francisco Partners.

The investment agreement, which provides for an additional investmentfrom existing shareholder Chrysalis Ventures, was executed in March. The companyMay 2 issued and sold a new class of series A convertible preferred stock to FranciscoPartners and Chrysalis Ventures. In connection with the investment, Ezra Perlman,co-president of Francisco Partners, has joined Connecture's board.

Connecture was advised by Raymond James and DLA Piper LLP (US),and Francisco Partners was advised by Kirkland & Ellis LLP.