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Today: May 5, 2024
January 9, 2024
1 min read

Doola secures strategic investment to empower global small businesses

TLDR:

Doola, a company that helps global entrepreneurs start a business in the US, has raised a strategic investment from HubSpot Ventures. The investment will be used to scale support for small businesses globally and democratize access to the US financial ecosystem. Doola’s platform streamlines the process of forming a company and provides ongoing support for entrepreneurs.

Key Points:

  • Doola has raised a strategic round of investment from HubSpot Ventures to scale support for small businesses globally.
  • This investment comes less than a year after Doola secured $8 million in series A funding.
  • Other investors in Doola include Nexus Venture Partners, the Y Combinator Continuity Fund, and Jacqueline Reses.
  • Doola’s Business-in-a-Box™ simplifies the process of forming a company and provides ongoing post-formation support.
  • The platform helps business owners with tasks such as obtaining an Employer Identification Number (EIN) and managing bank accounts.
  • Doola aims to empower entrepreneurs by allowing them to focus on their crafts while the platform takes care of backend business management functions.
  • HubSpot Ventures’ investment aligns with its goal of empowering entrepreneurs, and the partnership aims to help global business builders grow better.
  • Doola has raised a total of $13 million in venture capital to date.

Summary:

Doola has raised a strategic investment from HubSpot Ventures to scale support for small businesses globally and democratize access to the US financial ecosystem. Doola helps global entrepreneurs easily set up a US business by streamlining the process of forming a company and providing ongoing support. The platform simplifies tasks such as obtaining an EIN, opening and managing bank accounts, and handling tax compliance and bookkeeping. With the investment from HubSpot Ventures, Doola aims to empower entrepreneurs and help them focus on their crafts while the platform takes care of backend business management functions. This investment comes less than a year after Doola secured $8 million in series A funding. Other investors in Doola include Nexus Venture Partners, the Y Combinator Continuity Fund, and Jacqueline Reses. In total, Doola has raised $13 million in venture capital. The partnership with HubSpot Ventures aligns with the company’s goal of helping 1 billion founders turn their dream ideas into their dream businesses.

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