# Doola

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/doola

- Industry: Internet
- Headquarters: New York, US
- Website: www.doola.com
- Total disclosed funding: $8.5M
- Latest round: Seed (Sep 20, 2022)
- Investors on record: 6

## About

Established in 2020 by co-founders Arjun Mahadevan and JP Pincheira and based in New York, US, Distributed, Inc., doing business as Doola, provides an online platform that helps small and medium businesses with everything they need to form an LLC, set up their bank account, accept payments, and manage ongoing compliance and tax filings. In January 2024, Doola raised USD 1 million in venture funding from investor HubSpot Ventures, with participation from investors Y Combinator, Nexus Venture Partners, and Hustle Fund.

Doola offers a range of products and services designed to assist entrepreneurs in forming and maintaining their businesses. The company handles the formation of LLCs, C-Corps, and DAO LLCs for clients worldwide. This service includes the preparation and filing of necessary documents and securing an EIN from the IRS. The firm provides registered agent services to ensure that legal documents and government notices are received and handled appropriately. Doola helps businesses be compliant with state and federal regulations by managing annual state filings, federal tax filings, and other necessary compliance requirements. In addition to filing, the business offers tax support services, including bookkeeping, tax filing, and consultations. The firm also provides personalized support and guidance throughout the business formation and compliance process.

The company generates revenue through a subscription plan, which costs USD 297 per year for start your business, USD 300 per month for stay compliant and USD 1200 per year for taxes.

The company will use the January 2024 funding to expand global support for small businesses and promote democratic access to the US financial system.

## Funding rounds

- Seed, Sep 20, 2022, $5.5M — Nexus Venture Partners, Y Combinator
- Seed, Nov 15, 2021, $3M — Nexus Venture Partners, Y Combinator, Hustle Fund, Psion Capital, Translink Investment, XX

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- Psion Capital — Seed
- Translink Investment — Seed
- XX (https://capitalatlas.ai/funds/xx) — Seed