Doxo lands $10M, inks deal with Puget Sound Energy |
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Doxo is looking to eradicate paper bills. And the Seattle startup, led by former Qpass executive Steve Shivers, has just landed a big venture capital round to help achieve that goal.
The company today is announcing $10 million led by Sigma Partners, with participation from existing investors Mohr Davidow Ventures and Jeff Bezos' Bezos Expeditions. In addition to the funding, Doxo said that it has inked a deal to provide its services to Puget Sound Energy, a deal which will allow the utility's 750,000 customers receive their bills online via Doxo.
“Joining the doxo Network gives our customers another resource to go paperless as we continue to broaden our online service offerings," said Rudy Wolf, PSE vice president and chief information officer, in a statement. " With technologically savvy customers expecting convenience-oriented services, it’s important that we provide alternative methods for securely managing their PSE account online."
Doxo has developed a free "digital file cabinet" for consumers in which they can receive, organize, pay, and file all their bills from multiple service providers with one password.
The startup employs 20 people, and with the new funding in place it plans to ramp up hiring this year. The company has raised a total of $15.25 million to date.
Previously on TechFlash: "Doxo declares death to paper."
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