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Maxwell Health

Maxwell Health

An insurance technology company offering a platform for employee benefits and insurance.

Maxwell Health is an insurance technology company offering a platform for employee benefits and insurance that is headquartered in Boston, Massachusetts and was founded in 2012 by Morley Ivers, Veer Gidwaney, and Vinay Gidwaney.

Funding

Series A

On August 5, 2013 Maxwell Health completed their series A funding round with $2 million in funding from Tribeca Venture Partners (lead investor), Vaizra Investments, TiE Angels, Lerer Hippeau, Hedgewood, Health Venture Group, BoxGroup, and Richard Forman. On December 17, 2013 Maxwell Health expanded their series A funding round with $6 million in funding from Vaizra Investments (lead investor), Tribeca Venture Partners, Serious Change, Lerer Hippeau, Catalyst Health Ventures, BoxGroup, and Robert Gaydos.

Series B

On December 4, 2014 Maxwell Health completed their series B funding round with $26.4 million in funding from Adams Street Partners (lead investor), Vaizra Investments, Tribeca Venture Partners, Serious Change, Schooner Capital, Lerer Hippeau, Catalyst Health Ventures, and Cambia Health Ventures. 

Series C

On March 21, 2016 Maxwell Health completed their series C funding round with $22.5 million in funding from GIS Strategic Ventures (lead investor), Vaizra Investments, Tribeca Venture Partners, Sun Life Financial, StartUp Health, Schooner Capital, Lerer Hippeau, Industry Ventures, Cendana Capital, Catalyst Health Ventures, and The Guardian Life Insurance Company. 

Acquired by

Sun Life Financial

On June 4, 2018 Maxwell Health was acquired by Sun Life Financial for an undisclosed amount of money. 

Timeline

Funding rounds

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Further reading

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Maxwell Health Gets A $26.4 Million Boost In Series B Funding And Partners With MetLife

Sarah Buhr

Web

December 4, 2014

Xconomy: Maxwell Health Gets $22M More to Simplify Health Benefits

Jeff Engel

Web

March 21, 2016

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References