We're beyond blessed to be backed by world-class investors.
Nexus Venture Partners led doola’s seed financing, which brings the company’s total raised to $3.6 million. The startup participated in Y Combinator’s summer 2020 batch and also counts as backers Hustle Fund, XX, Psion Capital, and Translink Investment, as well as a high-profile group of angels, including Jacqueline Reses, former head of Square Capital; Dharmesh Shah, founder and CTO at HubSpot; Ankur Nagpal, founder at Teachable and of Vibe Capital; Rohini Pandhi, product manager at Square and partner at Transparent Collective; Arjun Sethi, co-founder and investor at Tribe Capital; and Prasanna Sankar, co-founder of Rippling. - Tech Crunch
Managing Director, Nexus Venture Partners
Creators and independent entrepreneurs want to focus on the crafts that they love. However, to build businesses around their crafts, they would also need to take care of unexciting but necessary backend business management functions (like incorporation, compliance, taxes, banking, payments etc.), for which they usually do not have expertise, nor interest, nor the time those activities demand. doola is set to address just that: so solo-preneurs can do what they love and are best at, while doola takes care of the rest. We are thrilled to partner with Arjun, JP and team doola in their journey toward building a remarkable company.
Founder and CEO at Post House Capital, Chairman of the Economic Development Council at Federal Reserve Bank of San Francisco, Former Head of Square Capital
For any business, whether it's a venture-backed SaaS startup with a Delaware C Corp or a solopreneur bootstrapping an e-commerce business, having a trustworthy, stable, and scalable banking + payments stack is critical. Through doola, international founders can seamlessly access the US financial ecosystem, including US banking, US payment solutions, US venture capital, and more.
Co-Founder/CTO of Hubspot
Love the work that doola is doing. Aligns with my philosophy of addressing the "talent is evenly distributed, opportunity is not" issue. More startups everywhere = good for everyone.
The creator economy is booming with 50M+ becoming creators in the last decade -- and these creators becoming businesses in the coming decade. All other data confirms this trend, with new business applications in the US up massively quarter-over-quarter (Source). doola makes it incredibly easy for anyone, from anywhere in the world to set up a US-based LLC, get a US bank account, with access to all the payment products and financial services typically reserved for US-based businesses. What intrigues me about this business however is not this initial beachhead [business formation], but the longer-term opportunity they have to handle all the unsexy business management pieces for creators and independent entrepreneurs around the world -- including incorporation, banking, taxes and other critical pieces of infrastructure.