About Maxwell Health
Maxwell Health is a company based in Boston (United States) founded in 2012 was acquired by Sun Life Financial in June 2018.. Maxwell Health has raised $56.4 million across 4 funding rounds from investors including Sun Life Financial, Lerer Hippeau and Guardian. The company has 112 employees as of December 31, 2018. Maxwell Health offers products and services including Payroll Integration, COBRA Management, HR Management, Benefits Administration, and Mobile App. Maxwell Health operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter Boston, United States
- Employees 112 as on 31 Dec, 2018
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Sectors
Financial ServicesTechnology Healthcare
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.4 M (USD)
in 4 rounds
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Latest Funding Round
$22 M (USD), Series C
Mar 22, 2016
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Investors
Sun Life Financial
& 14 more
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Employee Count
112
as on Dec 31, 2018
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Acquired by
Sun Life Financial
(Jun 04, 2018)
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Products & Services of Maxwell Health
Maxwell Health offers a comprehensive portfolio of products and services, including Payroll Integration, COBRA Management, HR Management, Benefits Administration, and Mobile App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Transfers benefits data to payroll systems for efficient processing.
Handles COBRA workflows and reporting for employee benefits.
Facilitates online employee onboarding and record keeping.
Enables online benefits enrollment and dashboards for users.
Provides mobile access to benefits information anytime.
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Software Development Team
224 people
Leadership Team
148 people
Human Resources and Administration
46 people
Sales and Marketing
40 people
Finance and Accounting
32 people
Senior Team
27 people
Legal and Compliance
22 people
Product Management Team
22 people
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Funding Insights of Maxwell Health
Maxwell Health has successfully raised a total of $56.4M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $22 million completed in March 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $22.0M
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First Round
First Round
(05 Aug 2013)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Series C - Maxwell Health | Valuation |
investors |
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| Dec, 2014 | Amount | Series B - Maxwell Health | Valuation | Adams Street Partners , Schooner Capital | |
| Dec, 2013 | Amount | Series A - Maxwell Health | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Maxwell Health
Maxwell Health has secured backing from 15 investors, including institutional and venture fund investors. Prominent investors backing the company include Sun Life Financial, Lerer Hippeau and Guardian. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private markets investment management with strategies in equity, credit, and secondary investments.
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Founded Year | Domain | Location | |
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Investments in private tech ecosystem are made by Industry Ventures.
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Founded Year | Domain | Location | |
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Private equity investments are directed across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Maxwell Health
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Maxwell Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Maxwell Health Comparisons
Competitors of Maxwell Health
Maxwell Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hinge Health, Alight, Swile, Practo and Accolade, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are offered for enterprise HR management.
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| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Maxwell Health
Frequently Asked Questions about Maxwell Health
When was Maxwell Health founded?
Maxwell Health was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Maxwell Health located?
Maxwell Health is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Maxwell Health a funded company?
Maxwell Health is a funded company, having raised a total of $56.4M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Aug 05, 2013.
How many employees does Maxwell Health have?
As of Dec 31, 2018, the latest employee count at Maxwell Health is 112.
What does Maxwell Health do?
Maxwell Health was founded in 2012 and is headquartered in Boston, United States. A SaaS-based platform is provided for employer benefits administration, encompassing insurance management, payroll processing, HR functions, and employee onboarding. Additional services include a concierge support system where insurance claims are filed, health inquiries are addressed, physician recommendations are given, prescription prices are compared, appointments are scheduled, and insurance disputes are resolved.
Who are the top competitors of Maxwell Health?
Maxwell Health's top competitors include Accolade, Hinge Health and Alight.
What products or services does Maxwell Health offer?
Maxwell Health offers Payroll Integration, COBRA Management, HR Management, Benefits Administration, and Mobile App.
Who are Maxwell Health's investors?
Maxwell Health has 15 investors. Key investors include Sun Life Financial, Lerer Hippeau, Guardian, Adams Street Partners, and Industry Ventures.
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