VC Fund Investments
Enabler for setting up business in the US Doola raises $8-M led by Nexus Venture Partners
Doola (earlier known as StartPack) has raised USD 8 million led by existing investor Nexus Venture Partners with participation from the Y Combinator Continuity Fund and others. Doola was founded in 2020 by Arjun Mahadevan and JP Pincheira, with its headquarters in New York City. It helps global entrepreneurs form US LLCs by supporting customers through the incorporation process so they can collect payments, build credibility, and stay legal. It provides company formation, an EIN, a US address and bank account, access to US payments, tax consultations, US tax support, a phone number, etc.
From the Venture Intelligence PE-VC Deal Database: In Nov-21, Doola had raised USD 3 million in a seed round led by Nexus Venture Partners with participation from YCombinator, Hustle Fund, XX, Psion Capital, Translink Investment, and other angels, including Jacqueline Reses, Dharmesh Shah, Ankur Nagpal, Rohini Pandhi, Arjun Sethi, and Prasanna Sankar.
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