Pulley, the leading cap table management product designed for founders, has announced a successful $10 million Series A funding round led by Stripe. The round also saw participation from notable investors including Caffeinated Capital, General Catalyst, 8VC, and a host of well-regarded angel investors such as Elad Gil, Avichal Garg, Parker Conrad, Jack Altman, Kathleen Estreich, Linda Xie, Matt MacInnis, and Jeannette zu Fürstenberg.
About Pulley
Founded in 2020 by Yin Wu, Pulley is dedicated to simplifying equity management for startups. The company is headquartered in San Francisco, California, and has quickly established itself as a vital resource for founders navigating the complexities of equity distribution and cap table management.
Pulley stands out as the only cap table and employee options platform specifically focused on the needs of founders and employees. The platform provides essential tools that help companies model dilution in future funding rounds, assists employees in understanding the value of their equity as the company grows, and simplifies the maintenance of equity plans as companies scale.
Since its soft launch in January 2020, Pulley has resonated with startup founders, with over 500 startups adopting its services. Notably, more than 50% of Y Combinator companies from 2020 have chosen Pulley to manage their cap tables. High-growth startups like Clubhouse, Fast, and others backed by top VC firms are leveraging Pulley’s automation tools to significantly reduce the time and costs associated with cap table management.
The Investment Impact
The $10 million investment will enable Pulley to accelerate hiring and meet the increasing demand for its innovative product. With this funding, Pulley aims to enhance its platform features, expand its engineering team, and improve customer support to better serve its growing user base.
“The cap table management aspect of Carta, which is f-ing expensive, was destined to be arbitraged; there isn’t really a moat there for new startups,” tweeted Leigh Drogen on October 21, 2020.
Looking Ahead
As Pulley continues to grow, it remains committed to empowering founders and employees with the tools they need to manage their equity effectively. The company’s focus on user experience and innovative solutions positions it well in the competitive landscape of cap table management.
For more information about Pulley, visit their official website.