doola

Emerging

NYC YC W20 Business-in-a-Box for international founders forming US LLCs/C-Corps with 9K+ founders served; $12M total ($1M HubSpot/Nexus Series A Jan 2024) competing with Stripe Atlas and Firstbase for global entrepreneur US business formation.

Accounting Software
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Company Overview

About doola

doola is a New York City-based business formation and back-office platform — backed by Y Combinator (W20) with $12 million in total funding including a Series A in January 2024 led by HubSpot Ventures with Nexus Venture Partners — providing international entrepreneurs, digital nomads, and early-stage founders with streamlined US entity formation (LLC, C-Corp, DAO LLC), EIN registration, business banking setup, bookkeeping, and tax filing services under a 'Business-in-a-Box' model that makes it possible to form a US business from anywhere in the world in days rather than weeks. Serving 9,000+ founders worldwide with a 48-person team, doola competes in the global entrepreneur market where the ability to form and operate a US entity is a critical enabler for international founders accessing US customers and capital.

Business Model & Competitive Advantage

doola's business formation and compliance platform addresses the regulatory complexity that international entrepreneurs face when trying to establish a US business presence: a founder in India, Nigeria, or Brazil wanting to incorporate in Delaware to access US venture capital, open a US business bank account, or sell to US enterprise customers faces a maze of state filing requirements, IRS EIN applications, registered agent requirements, and ongoing compliance obligations (annual reports, tax filings, state fees) that are opaque to anyone outside the US legal system. doola's end-to-end service (handling the Delaware or Wyoming LLC filing, obtaining the EIN from the IRS, setting up a Mercury or Relay business bank account, and providing ongoing bookkeeping and tax preparation) gives international founders a single platform for the compliance infrastructure that US-incorporated companies require — without needing a US lawyer or accountant for each step.

Competitive Landscape 2025–2026

In 2025, doola competes in the business formation, international founder services, and SME compliance market with Stripe Atlas (business formation for global founders, Stripe product), Firstbase (US company formation for international founders, $14M raised), and Clerky (legal tech for startup formation, $7M raised) for international entrepreneur and digital nomad US business formation and ongoing compliance platform adoption. HubSpot Ventures' Series A leadership reflects conviction in the SME business services market and the cross-sell potential with HubSpot's 200,000+ customer SME base. Y Combinator W20 backing connects doola with the global founder and fintech-for-SMB investor community. The 2025 strategy focuses on growing the international founder market (India, Nigeria, Pakistan, Latin America) through localized partnerships and local language onboarding, building the multi-entity management for founders operating multiple US entities, and expanding the embedded banking products (business credit cards, international wire services) for the global entrepreneur banking stack.

Revenue
$12M
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Key Differentiators

Emerging Innovator

doola is an emerging player bringing innovative solutions to the Finance market.

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