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Maxwell Health - About the company

Maxwell Health is an acquired company based in Boston (United States), founded in 2012 by and . It operates as an Employer benefit administration platform. Maxwell Health has raised $56.4M in funding from investors like Adams Street Partners, Tribeca Venture Partners and . The company has 1061 active competitors, including 252 funded and 127 that have exited. Its top competitors include companies like Hinge Health, Alight and Swile.

Company Details

Maxwell Health provides a saas-based employee benefits administration platform for businesses. It offers a platform for insurance, payroll management, HR management, employee onboarding, and more. It also offers a concierge service for employees to file and manage insurance claims, ask health-related questions, receive recommendations on physicians, compare prescription prices, schedule appointments and resolve insurance disputes.
Website
Social
Key Metrics
Founded Year
2012
Location
Boston, United States
Stage
Acquired
Total Funding
in 4 rounds
Latest Funding Round
Ranked
87th among
Employee Count
as on Dec 31, 2018
Similar Companies
Exit Details
Acquired by Sun Life Financial (Jun 04, 2018)
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Maxwell Health's acquisition details

Maxwell Health got acquired by Sun Life Financial on Jun 04, 2018. It was facilitated by Goodwin, Raymond James and Greenberg Traurig.
Click to take a look at Maxwell Health's acquisition in detail

Maxwell Health's funding and investors

Maxwell Health has raised a total funding of $56.4M over 4 rounds. Its first funding round was on Aug 05, 2013. Its latest funding round was a Series C round on Mar 22, 2016 for $22M. 11 investors participated in its latest round, which includes Adams Street Partners, Industry Ventures, Annox Capital and S.A.W. Capital Partners.

Maxwell Health has 22 institutional investors including Adams Street Partners, Tribeca Venture Partners and .

Here is the list of recent funding rounds of Maxwell Health:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Mar 22, 2016
$22M
Series C
6558362
1508224
Dec 04, 2014
$26.4M
Series B
8981906
3025612
Dec 17, 2013
$6M
Series A
2507347
6560403
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Maxwell Health's founders and board of directors

The founders of Maxwell Health are and .
Here are the details of Maxwell Health's key team members:
  • : Co-Founder & CEO of Maxwell Health and founder of , Ansel, and DailyFeats.
    Contact Info:
  • : Co-Founder & Chief Product Officer of Maxwell Health and founder of .
    Contact Info:
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Maxwell Health's employee count trend

Maxwell Health has 112 employees as of Dec 18. The total employee count is 15.0% lower than what it was in Dec 17. Here is Maxwell Health's employee count trend over the years:
Employee count trend for Maxwell Health
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Maxwell Health's Competitors and alternates

Top competitors of Maxwell Health include Hinge Health, Alight and Swile. Here is the list of Top 10 competitors of Maxwell Health, ranked by ÃØÃÜÑо¿Ëù score:
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Hinge Health
Hinge Health
2015, San Francisco (United States), Public
Provider of virtual physical therapy and digital pain care solutions
$854M
The Vertical Group, TCVÌý&²¹³¾±è;Ìý
82/100
2nd
Logo for Alight
Alight
2015, Lincolnshire (United States), Public
Cloud based HRMS suite solutions for enterprises
$10.5M
Thomas H Lee Partners, ADIAÌý&²¹³¾±è;Ìý
78/100
3rd
Logo for Swile
Swile
2016, Paris (France), Series D
Work tech company offering meal and gift vouchers for employees
$328M
SoftBank Group, Idinvest PartnersÌý&²¹³¾±è;Ìý
78/100
4th
Logo for Accolade
Accolade
2007, Plymouth Meeting (United States), Acquired
Cloud-based platform for employee health benefits
$228M
Cross Creek, Comcast VenturesÌý&²¹³¾±è;Ìý
75/100
5th
Logo for Wellhub
Wellhub
2012, New York City (United States), Series F
Cloud based corporate wellness program for employee health, productivity, and retention
$85M
General Atlantic, EQTÌý&²¹³¾±è;Ìý
75/100
6th
Logo for Sharecare
Sharecare
2010, Atlanta (United States), Acquired
Provider of health and wellness social network for employees
$64M
Wellington, Summit PartnersÌý&²¹³¾±è;Ìý
74/100
7th
Logo for Businessolver
Businessolver
1998, West Des Moines (United States), Late Stage
Cloud-based employee benefits administration solution
$65.2M
Warburg Pincus, Stone Point CapitalÌý&²¹³¾±è;Ìý
74/100
8th
Logo for Justworks
Justworks
2012, New York City (United States), Series E
Benefits administration & payroll management solution for businesses
$148M
Meritech, TriplePoint CapitalÌý&²¹³¾±è;Ìý
74/100
9th
Logo for Wright Express
Wright Express
1983, Portland (United States), Public
Provider of employee benefit administration solutions for enterprises
-
First Analysis, Warburg PincusÌý&²¹³¾±è;Ìý
73/100
10th
Logo for ekincare
ekincare
2015, Hyderabad (India), Series B
Digital health benefits platform to help organizations manage employee wellness
$22M
Eight Roads Ventures, Brand CapitalÌý&²¹³¾±è;Ìý
73/100
87th
Logo for Maxwell Health
2012, Boston (United States), Acquired
Employer benefit administration platform
$56.4M
51/100
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Maxwell Health's Investments and acquisitions

Maxwell Health has made no investments or acquisitions yet.

Reports related to Maxwell Health

Here is the latest report on Maxwell Health's sector:
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News related to Maxwell Health

•
Business Wire•Jul 11, 2023•Cariloop, Maxwell Health
•
PR Newswire•Jan 28, 2022•TapCloud, Maxwell Health
•
PR Newswire•Apr 01, 2019•Sun Life Financial, Maxwell Health
•
PR Newswire•Jun 04, 2018•Sun Life Financial, Maxwell Health
•
StorageNewsletter•Aug 18, 2017•Datos, Maxwell Health
•
Citybizlist•Aug 07, 2017•The Hartford, Maxwell Health
•
Streetwise Media•Mar 21, 2016•Maxwell Health, Guardian, Sun Life Financial, Adams Street Partners and 8 others
•
TechCrunch+•Dec 04, 2014•Maxwell Health, Tribeca Venture Partners, Catalyst Health Ventures, Vaizra Investments and 6 others
•
MobiHealthNews•Dec 18, 2013•Maxwell Health, Vaizra Investments, Catalyst Health Ventures, Tribeca Venture Partners and 2 others
•
TechCrunch+•Dec 17, 2013•Maxwell Health, Vaizra Investments, Catalyst Health Ventures, Tribeca Venture Partners and 2 others
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