Paperless Billing Company Doxo Raises $10 Million Series B

Posted Feb 16, 2011

Doxo is a paperless billing company that has raised $10 million in Series B funding in a round led by Sigma Partners. Existing investors Mohr Davidow and Bezos Expeditions also participated in this round. Thomas Layton, former OpenTable CEO, invested in this round and is joining the board of directors at Doxo as well. Doxo is a paperless billing company that has raised $15 million in total funding. On average businesses pay $10 per year per customer for sending them paper bills. Doxo aims to reduce the cost incurred for these businesses. Some of Doxo’s clients include Sprint, Puget Sound Energy, and Kansas City Power & Light. [TechCrunch]