Seattle startup Doxo has raised $3.5 million in fresh funding, money that it will use to enhance its online bill paying service and expand into new areas.
“We had a very good year in 2013 and this additional financing is from our existing investors to accelerate growth throughout 2014,” said CEO Steve Shivers, a former Qpass exec. “We’ve seen strongest growth in utilities, healthcare, and telecom and intend to experiment with a couple more verticals and some added mobile and payment capabilities this coming year.”
Total funding in the startup — backed by Amazon.com founder Jeff Bezos; OpenTable CEO Thomas Layton; Mohr Davidow and Sigma Partners — now stands at $19 million.
Doxo is attempting to eliminate paper bills, allowing users to easily pay for the phone bill or utility bill online. It also allows consumers to track and manage all of their documents in one place. Customers include AT&T, Sound Community Bank, and Puget Sound Energy. It competes against Hearst-backed Manilla, which just announced an expansion into the health care vertical.
Previously on GeekWire: State of Washington picks Doxo for paperless files…Startup Spotlight: Bezos-backed doxo looks to transform bill paying, inks deal with AT&T
