# Doxo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/doxo

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.doxo.com
- Total disclosed funding: $37M
- Latest round: Series C (Feb 15, 2022)
- Investors on record: 4

## About

Doxo, Inc. is a technology company that provides innovative solutions for user authentication and verification, enhancing operational efficiency and security for businesses across various industries.Founded in 2008, Doxo, Inc. is headquartered in Seattle, US, and specializes in user authentication services. The firm has secured a total of 5 funding rounds, with the most recent deal occurring on February 15, 2022. During this Series C round, the company raised USD 18.5 mn, led by Jackson Square Ventures, with participation from Mohr Davidow Ventures, Bezos Expeditions, and new investor Sigma Ventures. The total amount raised by Doxo, Inc. to date is USD 18.5 mn, with a current valuation of USD 162.707 mn. The company was founded by Mark Goris, Roger Parks, and Steve Shivers, who have a history of entrepreneurial ventures, with Steve Shivers currently serving as CEO.Doxo, Inc. offers a suite of solutions to enhance user engagement and streamline operational efficiency for businesses. Their primary service focuses on secure verification processes that help mitigate risks associated with fraud, tailored for industries like e-commerce, financial services, and online gaming. The product range is designed for a diverse clientele, including small and medium-sized enterprises as well as larger corporations across North America, Europe, and Asia-Pacific, addressing critical security concerns while ensuring a seamless user experience.Doxo generates revenue through a structured transaction model based on subscription services. Clients can subscribe to various tiers of verification solutions, each designed to meet different business needs. This model allows for direct-to-consumer transactions, ensuring secure interactions. Pricing is structured to accommodate businesses of all sizes, fostering long-term client relationships through ongoing service agreements.Following the recent funding round in February 2022, Doxo, Inc. plans to accelerate its platform development, hire additional talent, and expand its bill pay provider directory. A key focus is to further enhance the doxoDIRECT platform, which facilitates direct electronic payments for billers. The company aims to expand its reach into new markets and geographic regions, although specific targets have not been detailed in available information.

## Funding rounds

- Series C, Feb 15, 2022, $19M — Mohr Davidow Ventures, Jackson Square Ventures, Bezos Expeditions, Sigma Ventures
- Series B, Dec 6, 2013, $3.5M — Mohr Davidow Ventures, Jackson Square Ventures
- Series B, Feb 15, 2011, $10M — Mohr Davidow Ventures, Jackson Square Ventures, Bezos Expeditions
- Series A, Nov 12, 2009, $5.3M — Mohr Davidow Ventures, Bezos Expeditions

## Investors

- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series A, Series B, Series C
- Bezos Expeditions — Series A, Series B, Series C
- Jackson Square Ventures (https://capitalatlas.ai/funds/jackson-square-ventures) — Series B, Series C
- Sigma Ventures (https://capitalatlas.ai/funds/sigma-ventures) — Series C