Bill pay software startup Doxo lands $18.5M

Doxo, a Seattle-area startup that helps people manage and pay their bills, raised $18.5 million. The company is profitable and annual revenue is more than $40 million. Doxo was co-founded 14 years ago by Steve Shivers, who remains CEO. The Series C round — the first outside capital infusion since 2011 — was led by Jackson Square Ventures. Other backers include MDV, Sigma Partners, and Bezos Expeditions.