doola (fka StartPack), a NYC-based startup that helps global entrepreneurs form US LLCs, raised $3M in funding.
The round was led by Nexus Venture Partners with participation from YCombinator, Hustle Fund, XX, Psion Capital, Translink Investment, and angels, including Jacqueline Reses, Dharmesh Shah, Ankur Nagpal, Rohini Pandhi, Arjun Sethi, and Prasanna Sankar.
The funds will be used to scale the team and further invest in product and engineering.
Founded in late 2020 by Arjun Mahadevan and JP Pincheira, doola allows global entrepreneurs to form US LLCs by supporting customers through the incorporation process so they can collect payments, build credibility, stay legal, and make more money. The company provides formation services, an EIN, a US address and bank account, access to US payments, tax consultations, US tax support, a phone number, $50,000 in startup perks, and more. Today, hundreds of companies have launched with doola, and these founders didn’t need a US social security number to benefit from products and services. with its HQ in New York City.