Key facts
- Cap table management platform Pulley is shutting down.
- Pulley's final day of operations will be December 8th.
- Pulley has partnered with rival Carta to transition customers.
- Pulley raised over $50 million from investors including General Catalyst, Stripe, and Founders Fund.
- Pulley was founded in 2020 by Yin Wu.
Cap table management platform Pulley announced this week that it will cease operations on December 8th. The company has entered into a partnership with its rival, Carta, to facilitate the transition of its customers and will redirect prospective clients to Carta.
Pulley was founded in 2020 by Yin Wu, a former Microsoft employee. The startup successfully raised over $50 million from prominent investors, including General Catalyst, Stripe, and Founders Fund.
While Pulley did not disclose a specific reason for its closure, a former employee suggested that the company struggled to compete with Carta and that the increasing use of AI for spreadsheet management may have contributed to its challenges. Wu expressed gratitude to her team and investors in a LinkedIn statement, indicating her intention to pursue new challenges.