Pulley, Carta's Rival in Cap Table Management, Announces Shutdown
Cap table management platform Pulley announced it will shut down on December 8th. The company has partnered with its competitor, Carta (ticker: CRTA), to transition customers and is redirecting new clients to the rival firm. Founded by Yin Wu in 2020, Pulley raised over $50 million from investors like General Catalyst, Stripe, and Founders Fund before announcing its closure without providing a specific reason. Wu expressed gratitude for support on LinkedIn but did not elaborate further. A former employee speculated that the platform struggled to compete with traditional spreadsheets enhanced by AI tools rather than just against Carta itself. Wu hinted at future endeavors in her statement, suggesting team members may continue working on new ventures.
