Maxwell completed Series B: a $16.3 million funding round led by Fin VC and TTV Capital. The company’s existing partners Anthemis Group, Route 66 Ventures, Cantos Ventures, Thirdstream Partners, and Sovereign’s Capital also participated, along with new investors Rotor Capital, Prudence Holdings, and The Mortgage Collaborative Emerging Technology Fund. This is a meaningful funding round for the ways Maxwell will be able to accelerate more value to customers and the borrowers.
This is a meaningful funding round for the ways Maxwell will be able to enhance and expand the robust features and services that the company offers. With this latest round of funding, Maxwell will deliberately and rigorously invest in the vision the company initially set out to pursue: a better, more efficient mortgage experience for community lenders and their borrowers. That means arming everyone with cutting edge, innovative technology that ensures that lender is the most competitive option in their local market.
Specifically, Maxwell plans to:
- Boost the pace and measure of innovation across their product, design, and engineering teams to continue to transform the mortgage experience,
- Continue to scale the Maxwell Fulfillment Platform with a focus on operational excellence, customer service, and technology-driven differentiation to serve the mid-market, and
- Explore new ways to simplify the homeownership journey with the power of data and technology, in close partnership with the hundreds of lenders in the company’s network.