Pulley is shutting down in December, TechCrunch reports

Pulley, a cap table management startup and rival to Carta, is shutting down in December, TechCrunch reports. The closure tightens the market for equity and ownership software just as startups face renewed fundraising scrutiny. Customers will need to migrate sensitive cap table data quickly to avoid disruptions to financings, audits, and compliance.

Pulley is backed by General Catalyst, Stripe, and Founders Fund, according to TechCrunch. The report did not detail headcount, customer numbers, or whether assets will be sold. Industry peers are likely to court Pulley clients, with Carta and other providers poised to pitch migration paths.

TechCrunch did not specify a firm shutdown date beyond December or how long data export tools will remain available. Watch for Pulley’s customer guidance, timelines for data retrieval, and any signs of a buyer or structured wind down. [Developing. This article will be updated.]