Pulley, a cap table management platform used by startups to track equity and funding, will cease operations after December 8 following seven years in business. The company had raised over $50 million from investors including Founders Fund.
Pulley provided software that helped startups manage capitalization tables—records of shareholder ownership, equity stakes, and funding rounds. The platform served as a core tool for early-stage companies navigating complex cap table administration.
The shutdown marks another setback in the competitive cap table software market, which has seen consolidation and closures in recent years. Founded in 2017, Pulley built its user base among venture-backed startups seeking alternatives to spreadsheet-based cap table management.
The company's closure comes as startups face tighter funding conditions and reduced spending on software tools. Pulley's inability to achieve sustainable growth despite significant venture backing highlights challenges facing even well-funded B2B software companies in competitive markets.
Startups using Pulley will need to migrate their cap table data to alternative providers before the December 8 deadline. Competitors in the space include Carta, Pulley's primary rival in equity management software.
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