Doxo's ultimate aim is to help people go paper-free with service providers. Users can theoretically receive, organize, pay and file all of their bills in a single place, while service providers can work with the startup to help customers go paperless.
We first looked at Doxo post private beta launch in October. Back then, the startup felt like a very early stage company with a mission larger than the size of its britches. For starters, most users need to manually download their bills and account information from providers and then upload them to Doxo -- that doesn't exactly introduce convenience into the bill management process.
Investors seem sold on the idea, however. Perchance, that interest is piqued by the provider side to Doxo's service.
"Businesses spend more than $30 billion each year on mailing bills and other documents and need an innovative approach to drive paperless adoption," says Doxo's newest board member and Sigma Partners managing director Greg Gretsch. "We see Doxo as a critical catalyst to address this challenge."
To that end, the Seattle-based startup just signed on Puget Sound Energy as a partner provider. The utility company's customers can now use Doxo to go paperless.
Doxo's latest $10 million round adds more cushion on top the $5.25 million the startup raised last year. The fresh funds will help the company hire new team members, ramp up sales efforts and finance additional product development.