doxo, a Seattle, WA-based provider of digital file cabinet for receiving and organizing bills and other important documents, has closed a $10m Series B financing.
The round was led by Sigma Partners, with participation from existing investors Mohr Davidow Ventures and Jeff Bezos’ Bezos Expeditions.
The company intends to use the funds to develop new product capabilities, expand sales and marketing of the doxo service, and hire Ruby developers, business development, implementation, marketing, and design professionals.
Led by co-founder and CEO Steve Shivers, doxo provides consumers with a free secure digital file cabinet to receive, organize, pay, and file their bills and other important documents from multiple service providers, all in one place with one password.
In addition, the service helps businesses to grow in paperless adoption, eliminating the expense of printing, paper and postage, increasing online customer engagement, and reducing environmental waste.
Unveiled in October last year, doxo is currently available on an invite basis for users via doxo.com.
Mobile operator Sprint (NYSE: S), Kansas City Power & Light Puget Sound Energy (PSE), the utility serving the Seattle metro area, already operate on the doxo network. Other providers will be announced soon.
Related news: doxo Raises $5.25M