Key facts
- Pulley, a startup that tracked startup funding and cap tables, is shutting down.
- The company will cease operations after December 8.
- Pulley raised more than $50 million from investors including Founders Fund, General Catalyst, Stripe, and 8VC.
- Carta will assist Pulley customers with their transition and offer a limited-time promotion.
- Pulley founder Yin Wu previously sold an Android app called Echo to Microsoft in 2015.
Pulley, a startup that provided software for startups to manage their funding rounds and cap tables, announced Tuesday that it will cease operations on December 8 after seven years in business. The company had raised more than $50 million from investors including Founders Fund, General Catalyst, Stripe, and 8VC.
Pulley had aimed to challenge its larger rival, Carta, in the cap table management space. As part of its wind-down, Pulley is partnering with Carta to facilitate customer transitions. Carta will offer Pulley customers a limited-time promotion, including keeping their current pricing for the first year and crediting any unused subscription fees.
Yin Wu, founder of Pulley, stated in a LinkedIn post that she and other team members intend to continue working on significant problems. "For the immediate future, we are focused on working with Carta's team to take care of our customers," Wu wrote.