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.
doxo is pioneering the way for people and providers to connect and go paperfree, breaking customer adoption barriers and saving businesses millions of dollars in printing, paper, and postage costs. The company has partnerships with national and regional service providers, who promote doxo as a new paperless option for their customers. doxo investors include top-tier venture partners Mohr Davidow Ventures and Bezos Expeditions. The company is led by executives who have driven businesses that have scaled to serve tens...
Since June 2007, Thomas Layton has served as the Chief Executive Officer of Metaweb Technologies, Inc. He served as CEO of OpenTable from 2001 to June 2007. During his time as CEO, OpenTable dramatically expanded its number of restaurant partners from 500 to 7,000. Online reservations also grew to 2 million per month. Previously, Thomas was a co-founder of CitySearch, Inc. which later merged with Ticketmaster and is now a subsidiary of USA Networks. Prior to his experience at...
Sigma Partners is a venture capital firm, founded in 1984, that has invested in over a hundred early stage companies and has over $2 billion under management. In 2007, it raised $500 million for its most recent fund, named Sigma Partners 8.
Bezos Expeditions manages Jeff Bezos’ personal venture capital investments.
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