Paperless Billing Service Doxo Raises $10 Million In Series B Funding
Paperless billing is one of those things that is slower to take hold than it should, but it just seems inevitable that is how we all will be receiving our bills sooner or later. One startup trying to speed along the paperless era is Doxo, which just raised a $10 million. The Series B financing was led by Sigma Partners, with previous investors Mohr Davidow and Bezos Expeditions participating.
Thomas Layton, the former CEO of OpenTable from 2001 to 2007, also invested and is joining Doxo’s board of directors. Greg Gretsch from Sigma is also taking a board seat. This round brings the total raised by Doxo to $15 million since it was founded in 2008. As I described the service last year:
Doxo is a cloud-based service which works in tandem with existing paperless billing systems, but aims to be much simpler and appealing for consumers. It will be a single place where all your most critical transactional records (bills, statements, explanation of benefits) will be stored on your behalf. And you can be notified any number of ways, via email, mobile apps, SMS, and so on.
Businesses pay about $10 a year per customer to send paper bills. Doxo aims to greatly reduce that cost, and gives consumers one place to manage all their paperless bills. Companies offering Doxo as a billing option include Sprint, Kansas City Power & Light, and Puget Sound Energy. The service is still invite-only, but if you want to try it out enter the code “techcrunch” here.