Maxwell Financial Labs, Inc., a Denver, CO-based provider of B2B digital mortgage cloud software, raised $3m in funding.
The round, which brings the total capital raised to date by the company to $5m, was led by the investment arm of Anthemis Group, with participation from Route66 Ventures and Assurant Inc., and existing investors.
The company intends to use the funds to capitalize on its accelerating growth and further increase its pace of innovation.
Led by John Paasonen, co-founder and CEO, Maxwell automates mortgage lenders’ workflow with homebuyers and real estate agents. The platform enables mortgage lenders to collaborate with their homebuyers in a modern digital workspace, on any device, with connectivity to over 15,000 financial institutions to automate documents and signatures, and integrations into other leading mortgage technology providers.
Since launch in mid-2016, Maxwell’s platform has facilitated over $6 billion of mortgage volume for tens of thousands of homebuyers across the United States.
The company is a 2016 graduate of Techstars.