Thomas Layton, Former CEO of OpenTable, Invests in doxo and Joins Board of Directors
SEATTLE-- February 17, 2010 --doxo, the online service that provides consumers a secure digital file cabinet for receiving, paying and organizing bills and other important documents, today announced that Thomas Layton has participated in doxo’s Series B investment round and is joining the company’s Board of Directors.
As the CEO of OpenTable (NASDAQ: OPEN) from 2001 to 2007, Layton is credited with expanding the service’s restaurant partners from 500 to over 7,000, growing online reservations to more than 2 million per month, and transforming the way diners make reservations. OpenTable’s rapid growth and success laid the foundation for its successful IPO in 2010 and current enterprise value of nearly $2B.
“Transformative solutions like doxo, and OpenTable in its early days, often find themselves in a circular position of simultaneously scaling both the consumer and enterprise sides of the business as they create a shift in the entire market,” said Layton. “doxo is already making tremendous headway with both constituencies. The team has done a great job executing on their roadmap and has made great progress in the market in a short period of time. I’m thrilled to be involved with helping the company accelerate its development.”
"We’re thrilled to have a proven tech industry leader like Thomas supporting doxo, both by joining our board and investing in the company. From his time leading OpenTable, he brings critical experience and unique perspective for developing a business with both a strong partner network and massive consumer adoption," said Steve Shivers, founder and CEO of doxo. "His insight will be invaluable as doxo accelerates up a very similar curve in the marketplace.”
doxo was first unveiled in October last year and is currently available on an invite basis for users via doxo.com. The company recently announced the availability of leading mobile operator Sprint (NYSE: S) and Kansas City Power & Light on the doxo network. Yesterday, Puget Sound Energy (PSE), the utility serving the Seattle metro area, announced that it has also joined the doxo network and that its customers can now connect and go paperfree on doxo. Additional providers on the doxo network are expected to be announced soon. Earlier this month, doxo announced doxoPAY, the company’s bill payment capability that further simplifies the doxo user experience.
doxo’s Series B investment round will support development of new product capabilities, expand sales and marketing of the doxo service, and accelerate hiring of Ruby developers, business development, implementation, marketing, and design roles. Providers interested in joining the doxo network can find more information and enroll online at doxo.com/for-providers.
doxo is pioneering the way that people connect and go paperfree with their providers. For consumers, doxo provides 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. For businesses, doxo breaks through the barriers to paperless adoption, saving billions of dollars in printing, paper and postage costs, increasing customer engagement, and dramatically reducing environmental waste. doxoPAY, the company’s online bill payment capability, significantly reduces the average cost of payment transactions and helps speed collections. doxo investors include top-tier venture partners Mohr Davidow Ventures, Sigma Partners and Bezos Expeditions, the venture investment fund of Jeff Bezos. The company is led by experienced leaders from Qpass, Amazon, Snapfish, Blue Nile and Microsoft, who have driven consumer adoption of new online services and processed billions in consumer mobile and Internet transactions. doxo is headquartered in Seattle, Washington. More information can be found at www.doxo.com.