Pulley, the leading cap table management product built for founders, today announced a $10 million Series A led by Stripe. Additional participants within the round included Caffeinated Capital, General Catalyst, 8VC, and lots of well-regarded angel investors including Elad Gil, Avichal Garg, Parker Conrad, Jack Altman, Kathleen Estreich, Linda Xie, Matt MacInnis, and Jeannette zu Fürstenberg.
Pulley is that the only cap table and employee options platform focused on founders and employees. Pulley provides tools to assist companies model dilution in future rounds, helps employees understand the worth of their equity because the company grows, and makes maintaining equity plans as companies grow much faster and easier.
The company, founded by Yin Wu, has struck a chord with founders. Since soft-launching in January 2020, over 500 startups have chosen Pulley to manage their cap table, including over 50% of Y Combinator companies in 2020. High-growth startups like Clubhouse, Fast, et al. backed by top VC firms use Pulley’s automation tools to dramatically reduce the quantity of your time and money spent on managing their cap table.
The $10 million investment provides Pulley with the resources to rent more quickly and meet the overwhelming demand for Pulley’s product.
The cap table management aspect of Carta, which is f-ing expensive, was destine to be arbitraged, there isn't really a moat there for new startups https://t.co/4FlX4xaxPv
— Leigh Drogen (@LDrogen) October 21, 2020