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§ Private Profile · New York City, NY, USA
All-in-one platform for US LLC formation, EIN, bank accounts, and compliance for global entrepreneurs, focused on back-office operations.
doola has raised $12.0M across 3 funding rounds.
Key people at doola.
doola was founded in 2020 by Arjun Mahadevan (Founder).
doola has raised $12.0M in total across 3 funding rounds.
Based in New York City, doola provides an integrated software platform that enables global entrepreneurs to remotely form United States business entities, acquire employer identification numbers, and establish corporate bank accounts. The company operates a subscription business model offering comprehensive ongoing administrative services, which encompass corporate compliance management, bookkeeping, tax filing, invoicing, and ecommerce analytics. Operating with a current workforce of 43 employees, the enterprise generates approximately $9 million in recurring annual revenue and maintains over 1,000 positive user reviews on Trustpilot while serving thousands of international founders. The organization has successfully secured between $11 million and $13 million in total venture capital funding from prominent institutional investors, including HubSpot Ventures and Y Combinator. Originally participating in a summer accelerator cohort under the initial name StartPack, doola was officially founded in 2020 by Arjun Mahadevan.
doola was founded in 2020 by Arjun Mahadevan (Founder).
doola has raised $12.0M in total across 3 funding rounds.
doola's investors include HubSpot Ventures, Nexus Venture Partners, Anvaya Ventures, Ardent Venture Partners, B Capital Group, bloom venture partners, General Catalyst, Hyper, Magma Partners, Operator Collective, Outrun Ventures, PROfounders Capital.
doola has raised $12.0M across 3 funding rounds. Most recently, it raised $1.0M Other Equity in January 2024.
Key people at doola.
doola offers a Business-in-a-Box™ solution designed specifically for LLC formation and back-end management for e-commerce entrepreneurs. It integrates multiple essential services—LLC formation, bookkeeping, tax filings, sales tax compliance, business analytics, and more—into a single platform, eliminating the need for multiple service providers. This all-in-one approach supports over 10,000 entrepreneurs from 175+ countries, including those without a U.S. Social Security Number, enabling global founders to start and scale U.S.-based e-commerce businesses with ease. The platform targets e-commerce sellers who want to focus on growth while doola handles complex compliance and administrative tasks[1][4].
For an investment firm perspective, doola’s mission is to simplify and unify the business formation and compliance process for entrepreneurs worldwide, particularly in the booming e-commerce sector projected to exceed $6 trillion globally by 2025. Its investment philosophy centers on leveraging technology and AI to automate traditionally complex and time-consuming tasks, thereby accelerating business formation and compliance. doola’s key sector focus is e-commerce and small business formation services. Its impact on the startup ecosystem is significant, as it lowers barriers for international founders and creators to enter the U.S. market and scale efficiently without needing extensive legal or tax expertise[1][5].
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doola was founded with the vision to streamline the cumbersome process of starting and managing a U.S. business for entrepreneurs globally. It emerged from the recognition that many e-commerce founders, especially international ones, face hurdles in U.S. LLC formation, banking, tax compliance, and bookkeeping. The company participated in Y Combinator’s Summer 2020 batch, which helped accelerate its growth and product development. Key partners include Y Combinator, Nexus Venture Partners, and HubSpot Ventures, who have supported doola’s $13 million venture capital raise. Over time, doola evolved from a simple formation service to a comprehensive AI-powered Business-in-a-Box™ platform that handles everything from entity formation to ongoing compliance and financial management[1][5][7].
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doola rides the wave of global e-commerce expansion and the increasing digitization of business formation and compliance services. As cross-border entrepreneurship grows, the demand for simplified, tech-enabled solutions that reduce legal and administrative friction is rising. The timing is critical given the projected $6 trillion e-commerce market by 2025 and the complexity of U.S. tax and compliance regulations that often deter international founders. doola’s platform addresses these market forces by providing a seamless, tech-driven solution that democratizes access to the U.S. business ecosystem. Its influence extends to enabling more diverse founders to participate in the U.S. market, fostering innovation and economic inclusion[1][8].
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doola is positioned to expand its leadership in the AI-driven business formation and compliance space, particularly for e-commerce entrepreneurs worldwide. Future trends shaping its journey include increased automation in legal and tax services, growing international entrepreneurship, and the rise of remote and digital-first businesses. As doola continues to enhance its AI capabilities and expand its service offerings, it may evolve into a critical infrastructure provider for global small businesses entering the U.S. market. Its influence will likely grow as it lowers barriers to entry and accelerates the pace at which entrepreneurs can launch and scale compliant businesses, tying back to its core mission of making business formation effortless and accessible[1][5][8].
