In September, the New York-based company built an MVP and got its first paying customer. And the company is “growing profitably from a unit economics perspective,” according to Mahadevan.Image Credits: doola 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. Doola actually started its life in 2020 as StartPack as a pivot from another startup called Standups. Specifically, doola provides company formation, an EIN (employee identification number), a U.S. address and bank account, access to U.S. payments, a free tax consultation, U.S. tax support, a phone number and $50,000 in startup “perks.” So far, hundreds of companies have formed LLCs with doola — even without a U.S. Social Security number. if there are things that doola can’t provide in-house, it works with partners such as Amazon and Twilio to help, Mahadevan said. Besides Mahadevan and co-founder and CTO JP Pincheira, doola has 14 employees.