Maxwell Health raises $22M in Series C funding

Maxwell Health

Maxwell Health has raised $22 million in Series C round of funding, bringing its total capital raised to date to $56.4 million. The money was provided by GIS Strategic Ventures – the Strategic Initiatives arm of Guardian Life Insurance Company, Sun Life Financial, and Cendana Capital, as well as existing investors including Adams Street Partners, Cambia Health Solutions, Catalyst Health Ventures, Industry Ventures, Lerer Ventures, Schooner Capital, Tribeca Venture Partners, and Vaizra Investments.

The company will use the funds to further develop its benefits and HR platform, as well as its marketplace of insurance, lifestyle, and financial products. As part of that process, Maxwell will roll out functionality to further streamline implementation and to deepen integrations, making it easier for benefits advisors to adopt Maxwell and bring it to their employer clients.

Speaking of benefits advisors, they can use Maxwell’s marketplace solutions to strengthen their consultative value proposition and solidify their role as a valuable expert and resource.

Previously, the company raised $26.4 million in Series B in December 2014.