Business & Finance
Cap table startup Pulley announces shutdown and partners with rival Carta
The company will cease operations in December after raising over $50 million from investors.
The short version
- Cap table management platform Pulley announced it will shut down and cease all operations after December 8.[Business Insider]
- The startup raised over $50 million from prominent investors including Founders Fund, Stripe, and General Catalyst to compete with Carta.[Business Insider]
- Pulley is partnering with rival Carta to transition its existing customers and offer them promotional pricing.[Business Insider]
- The company did not provide an official reason for the decision to wind down operations.[TechCrunch]
Key facts
- Pulley announced it will cease operations after December 8.[Business Insider · TechCrunch]
- The startup raised more than $50 million from venture backers including Founders Fund, Stripe, and General Catalyst.[Business Insider · TechCrunch]
- Carta agreed to help move Pulley's clients and offer them a limited-time promotion.[Business Insider · TechCrunch]
What remains uncertain
- Pulley did not state a reason for its shutdown in its public announcement.[TechCrunch]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- This startup tried to take on Carta. It just announced it's shutting down.Business Insider metered
- Pulley, a Carta rival, is shutting downTechCrunch