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

March 21, 2016
Maxwell Health raises a $22,500,000 series C round from Catalyst Health Ventures, Cendana Capital, GIS Strategic Ventures, Industry Ventures, Lerer Hippeau Ventures, Rainfall Ventures, Schooner Capital, StartUp Health, Sun Life Financial and Tribeca Venture Partners.
August 5, 2013
Maxwell Health raises a $2,000,000 series A round from TiE Angels Alliance and Tribeca Venture Partners.
November 1, 2012
Maxwell Health was founded by Veer Gidwaney.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Maxwell Health Series C round Funding Round 2016
22,500,000
March 21, 2016
2 Results
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People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

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

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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