doola

doola

Assists global entrepreneurs with U.S. business formation

About doola

Simplify's Rating
Why doola is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

Legal

Company Size

51-200

Company Stage

Seed

Total Funding

$11.7M

Headquarters

New York City, New York

Founded

2020

Overview

Doola helps international entrepreneurs set up and manage their businesses in the United States. They provide services that simplify the process of incorporating a business, accessing U.S. payment systems, and ensuring legal compliance. Doola assists clients by obtaining necessary documents like the Employer Identification Number (EIN) and navigating state regulations. Their service model includes ongoing support to help businesses meet U.S. legal requirements, allowing entrepreneurs to focus on growth. Doola stands out from competitors by offering a free 10-minute consultation and a custom dashboard for easy access to important documents. The company's goal is to make reliable financial systems accessible to entrepreneurs worldwide.

YC Company
Simplify Jobs

Simplify's Take

What believers are saying

  • Doola's $8M funding round supports expansion of its fintech suite and service offerings.
  • Strategic investment from HubSpot Ventures boosts credibility and global market reach.
  • Growing demand for digital banking solutions enhances doola's market potential.

What critics are saying

  • Increased competition from fintech companies may erode doola's market share.
  • Reliance on international markets exposes doola to geopolitical risks and currency fluctuations.
  • Regulatory challenges in different jurisdictions may delay doola Money's rollout.

What makes doola unique

  • Doola offers a 'Business-in-a-Box' solution for global entrepreneurs entering the U.S. market.
  • Their fintech product, doola Money, enables international money transfers without a U.S. SSN.
  • Doola's partnership with Syndicateprotocol aids DAOs in becoming legal entities in the U.S.

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Funding

Total Funding

$11.7M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Health Insurance

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

1%

2 year growth

-3%
JCN Newswire
Feb 13th, 2024
doola Launches doola Money Allowing Founders Worldwide to Start a US Business, Deposit $USD and Move Money Internationally in Minutes, All in One Go

doola announced today that they have launched a fintech product for global businesses that will allow founders to deposit $USD and move money internationally, remotely, from any continent, with no US Social Security Number required.

TechCrunch
Jan 26th, 2024
Sample Series A extension pitch deck: Doola's $1m deck | TechCrunch

Doola's pitch deck does a few things extremely well, but the problem is, it leaves a ton out, too. Here's why that won't work for most startups.

Newswire
Jan 10th, 2024
doola Raises Strategic Investment From HubSpot Ventures to Scale Support of Small Businesses Globally and Democratize Access to the US Financial Ecosystem

HubSpot Ventures joins existing investors including YCombinator and Nexus Venture Partners. doola helps global entrepreneurs easily set up an LLC, C Corp, or DAO LLC in the U.S. (Wyoming, Delaware, and all other states) with support including EIN, U.S. address, U.S. bank account, payment gateway, and ongoing state compliance and IRS tax filings.

Finsmes
Nov 28th, 2022
How Businesses Can Thrive In A High-Inflation Environment

The US inflation appears to go into a winter lull as it cools down to 7.7%. Yet projections remain bleak. What’s more, the Fed sticks to its plans, recently delivering another 75 basis-point interest rate increment. So economic volatility remains high and alarming. With another looming recession, worries and uncertainties surround the SME sector. A survey shows many small businesses expect closure due to these drastic changes. Indeed, it’s hard to put up and maneuver a business in a stormy market environment. Entrepreneurs must be extra careful to withstand the blows and rebound

Business Wire
Nov 10th, 2022
Doolaが800万ドルを調達してフィンテック・スイートを拡大し、米国金融エコシステムへのアクセスを民主化へ

ニューヨーク & 印ベンガルール--(BUSINESS WIRE)--(ビジネスワイヤ) -- doolaは本日、800万ドルの資金を調達したことを発表しました。これは、世界各地の起業家が自らの夢のアイデアを夢の米国企業へと変える支援を継続するためのものです。この新たな資金調達ラウンドは、ネクサス・ベンチャー・パートナーズが主導し、Yコンビネーター・コンティニュイティー・ファンドなどが参加しました。. 起業家にとって、今は、注意を向ける対象を管理や事務作業から革新や製品開発に切り替える時です。事業の法的側面や事務管理の側面で創業者を支援することで、doolaは、どのような場所にいる創業者でも、自らが最も得意とするところに集中することを可能にしています。

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