About Maxwell Health
Maxwell Health is a Financial Services company based in Boston (United States) founded in 2012, and was acquired by Sun Life Financial in June 2018. Employee benefits administration platform is offered for businesses. It operates in the Financial Services, Technology, and Healthcare sectors. 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. Maxwell Health offers products and services including Payroll Integration, COBRA Management, HR Management, Benefits Administration, and Mobile App. Its focus areas include FinTech, Employer Insurance, Benefits Administration and InsurTech. Its competitors include Hinge Health, Alight and Accolade; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Boston, United States
- Employees 112
- Stage Acquired
- SectorsFinancial ServicesTechnology Healthcare
- Website category Finance · Insurance
- Website maxwellhealth.com
- Social LinkedIn X Facebook Instagram
- Acquired by Sun Life Financial (Jun 2018)
- Total Equity Funding$56.4M (USD)
in 4 rounds
- Latest Funding Round$22M (USD), Series C
Mar 2016
- InvestorsSun Life Financial
& 14 more
- Employee Count112
- Acquired bySun Life Financial
(Jun 2018)
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.
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.
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 $56.4M
- Total Rounds 4
- Last Round Series C — $22M
- First Round $2M
(Aug 2013)
- Investors Count 15
All 4 funding rounds of Maxwell Health with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $22M | Series C | – | – | |
| Dec 2014 | $26.4M | Series B | – | Adams Street Partners, Schooner Capital | |
| Dec 2013 | $6M | Series A | – | – | |
| Aug 2013 | $2M | Series A | – | Tribeca Venture Partners |
15 investors in total: 15 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private markets investment management with strategies in equity, credit, and secondary investments. | adamsstreetpartners.com | |||
Investments in private tech ecosystem are made by Industry Ventures. | industryventures.com | San Francisco, United States | ||
Private equity investments are directed across multiple sectors. | schoonercapital.com | Boston, United States | ||
Early-stage VC firm investing in the US | tribecavp.com | New York, United States | ||
Early & Late stage tech-focused VC firm investing primarily in the US, Israel and Russia | vaizra.com | New York, United States | ||
Venture capital fund investing in early-stage tech startups | cendanacapital.com | San Francisco, United States | ||
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
| chv.vc | ||||
Early and growth-stage technology companies are invested in. | annoxcapital.com | Birmingham, United States | ||
Early-stage tech-focused VC firm investing primarily in the US | brothersbrook.com | Stamford, United States |
Investor details for Maxwell Health
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Maxwell Health
687 people are tracked at Maxwell Health (314 in leadership, 11 in board & advisors, 362 in team); the tracked headcount is 112.
| Name | Role | Group |
|---|---|---|
Alexandra Sonnenwirth | Director, Client Relationships (dbs) | Leadership |
Linda Dougherty | EVP, Chief Strategy & Enablement Officer | Leadership |
Kevin D. Strain | President & CEO | Leadership |
Navdeep Joshi | Director Application Security | Security Operations | Leadership |
Donna Tilson | Avp, IT Integration Strategy & Ireland Lead, Managing Director | Leadership |
Matt Balzarini | Director Of Engineering - US Infrastructure | Leadership |
Ginny Brooks | Head Of Compliance, Asia Investment Management | Leadership |
Vicky Tongco | Director, HR Business Partner | Leadership |
J. Douglas Archibald | Regional Sales Director, SW Ontario & Atlantic Region, Independent Insurance Distribution, Sun Life | Leadership |
Diontha Fancher | Director, Inclusion And Belonging | Leadership |
Kevin Boisvert | Director, HR Business Partner | Leadership |
Brad Peak | Head Of Dental And Vision Product & Strategy | Leadership |
Kate Martin | Assistant Vice President, Client Success | Leadership |
Stephen Casey | Associate Director, Information Technology | Leadership |
Andrew Simmonds | Head Of Human Resources | Leadership |
Nicole Sullivan | Director, Client Delivery National Accounts | Leadership |
Rob Phillips | Vice President Technology And Cyber Risk Management | Leadership |
Jodi Hillen | Director, HR Business Partner | Leadership |
Teena Saquilayan | Head Of Talent Development And Management | Leadership |
Andhyka Soemarsono | Director, Talent And Learning, Asia | Leadership |
667 more people are available in the full profile.
Complete people profiles for Maxwell Health
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Maxwell Health
4 dated milestones of Maxwell Health across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Maxwell Health is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series C, of $22.0M.
- Exit Acquired by Sun Life Financial.
Competitors of Maxwell Health
Maxwell Health has 3 listed competitors in our database, 3 of them funded. They include Hinge Health, Alight and Accolade.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hingehealth.com | 2015 | San Francisco, United States | $854.44M | 1,442 | Virtual physical therapy and digital pain care solutions are provided. | |
| alight.com | 2015 | Lincolnshire, United States | $8.75M | 9,874 | Cloud-based HRMS solutions are offered for enterprise HR management. | |
| accolade.com | 2007 | Plymouth Meeting, United States | $228.3M | Employee health benefits are facilitated via a cloud-based platform. |
Detailed competitors of Maxwell Health
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Maxwell Health
The website of Maxwell Health (maxwellhealth.com) receives about 8.4K visits a month and ranks #1,660,780 among all websites worldwide, #5,795 in Insurance.
- Monthly visits8.4K
▲ 8.1% vs previous month
- Unique visitors3.4K
per month
- Global rank#1,660,780
among all websites
- Category rank#5,795
Finance · Insurance
- Bounce rate24%
- Pages per visit7.1
- Average visit3 min 34 sec
- DevicesDesktop 49% · Mobile 51%
Websites whose visitors overlap most with Maxwell Health. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| liazon.com | 100% | View details | |||
www1.benefitpoint.com | www1.benefitpoint.com | 100% | – | ||
| goempyrean.com | 98% | 38.2K | #572,394 | View details | |
| getinsured.com | 98% | 42.7K | #703,351 | View details | |
insurancenewsnet.com | insurancenewsnet.com | 98% | #482,877 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Maxwell Health
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Maxwell Health (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Maxwell Health
Complete news archive for Maxwell Health
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Frequently Asked Questions about Maxwell Health
Maxwell Health was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Maxwell Health is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
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 $2M, raised on Aug 2013.
Maxwell Health has 112 employees.
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.
Maxwell Health's top competitors include Accolade, Hinge Health and Alight.
Maxwell Health offers Payroll Integration, COBRA Management, HR Management, Benefits Administration, and Mobile App.
Maxwell Health has 15 investors. Key investors include Sun Life Financial, Lerer Hippeau, Guardian, Adams Street Partners, and Industry Ventures.
Yes. Maxwell Health was acquired by Sun Life Financial in June 2018.