Monday, May 10, 2010

Doxo Gets $5.25 For Paperless Billing

Seattle-based doxo has raised $5.25M in a Series A funding round, and is set to launch a new firm developing and online service to encourage consumers to sign up for paperless billing. According to doxo, the funding round comes from Mohr Davidow Ventures and Bezos Expeditions. Steve Shivers, co-founder and CEO of doxo, said in an interview with Northwest Innovation that the firm is aiming at the big gap between those who use paperless billing--around 12 percent of users--compared with about 50 percent of users who use online bill payment services. Shivers and the other executives at doxo are all formerly from Qpass. (Editor's note: our Q&A with Steve will run tomorrow morning).