Pulley, a cap table management startup backed by General Catalyst, Stripe, and Founders Fund, is closing operations in December.
The platform, which competed directly with Carta in helping companies manage equity and capitalization tables, will cease service at the end of the year.
Pulley raised funding from prominent investors including General Catalyst, Stripe's venture arm, and Founders Fund. The startup had positioned itself as an alternative to Carta, offering tools for equity management, valuations, and cap table administration.
No official statement was provided regarding the shutdown's cause. The closure marks another casualty in the competitive fintech space, where companies like Carta have dominated equity management infrastructure.
Customers using Pulley's platform will need to migrate their data before the December deadline. The shutdown adds to a wave of startup consolidations and closures across the tech sector in recent years.
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