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SELECTED INSURTECH COMPANY PROFILES<br />
Maxwell Health<br />
Products & Services Overview<br />
Landscape Category:<br />
Employee Benefits Admin<br />
/ Insurance Exchange<br />
Technology<br />
Maxwell Health<br />
targets U.S.<br />
businesses with up<br />
to 1,000 employees<br />
The Company can<br />
handle all lines of<br />
medical, dental,<br />
vision, life,<br />
disability and<br />
voluntary benefits,<br />
as well as<br />
HRA/HAS/FSA<br />
setup<br />
CEO:<br />
Headquarters:<br />
Veer Gidwaney<br />
Boston, MA<br />
Founded: 2012<br />
Employees: 162<br />
• Maxwell Health provides a Web and mobile-based employee<br />
benefits management program <strong>for</strong> small- and medium-sized<br />
organizations<br />
• The Company’s plat<strong>for</strong>m allows employers to manage<br />
employee health plans, benefits and payroll, and employees<br />
to enroll in benefits presented through a marketplace<br />
• Maxwell Health partners with leading benefits advisors and<br />
insurance carriers to deliver benefits<br />
Date Size ($ mm) Investor(s)<br />
03/21/16 $22<br />
12/04/14 26<br />
Source: Company website, Capital IQ.<br />
Company Overview<br />
Selected Financing History<br />
GIS Strategic Ventures; Sun Life Financial;<br />
Cendana Capital; Adams Street Partners;<br />
Cambia Health Solutions; Catalyst Health<br />
Ventures; Industry Ventures,<br />
Adams Street Partners; Cambia Health<br />
Solutions; Vaizra Investments; Tribeca<br />
Venture Partners; Catalyst Health Ventures;<br />
Serious Change; Lerer Hippeau Ventures;<br />
Schooner Capital; Annox Capital; Bro<strong>the</strong>rs<br />
Brook<br />
Benefits offered in easy,<br />
user-friendly experience<br />
<strong>for</strong> employees<br />
Upload new-hire <strong>for</strong>ms<br />
and documents with<br />
electronic signing built in<br />
Marketplace Approach<br />
Maxwell presents its benefits in an easy-to-use<br />
marketplace <strong>for</strong>mat that employers can customize<br />
Employers can add<br />
and bundle products<br />
in <strong>the</strong> marketplace<br />
HR and Administration of Benefits<br />
Real-time insights<br />
and reporting<br />
Quoting and<br />
implementation is<br />
quick and streamlined<br />
Maxwell provides a central place to manage benefits, HR<br />
and payroll<br />
Compliance<br />
Data<br />
Integration<br />
HR can manage and<br />
monitor annual open<br />
enrollment and<br />
enrollment changes<br />
Helps fulfill Af<strong>for</strong>dable Care Act requirements<br />
by storing required IRS data<br />
Compliance partners available to fill out <strong>for</strong>ms<br />
Built-in communication tools <strong>for</strong> easy<br />
healthcare re<strong>for</strong>m and employee rights notices<br />
Electronic data connections with major<br />
insurance carriers and payroll vendors <strong>for</strong><br />
HRA/HSA/FSA accounts<br />
103
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