financing, and co-founder Kurt Wedig said he expects that figure to reach $2.5 million by the end of April. Founded in 2011, OneEvent develops software to make smoke detectors more sensitive and transform them into versatile devices for monitoring commercial and residential buildings. The pre-revenue company has raised a total of $2.5 million, Wedig said, the majority of which came from a $1.8 million equity funding round announced in September.
—Brookfield-based Connecture (NASDAQ: [[ticker:CNXR]]), which develops Web-based software designed to aid consumers shopping for health insurance, said it has raised $52 million from investors in an attempt to strengthen its financial position. The two groups who provided the funding were Francisco Partners, a private equity firm based in San Francisco, and Louisville, KY-based Chrysalis Ventures. Private investment in public equity—or PIPE—deals such as this one frequently involve cash-strapped businesses, according to reporting by the Wall Street Journal.
