Cap table platform Pulley to shut down in December

Pulley, a platform that provides cap table management tools for private companies, announced that it will cease operations in December. The San Francisco‑based startup, which has raised funding from General Catalyst, Stripe and Founders Fund, disclosed the decision in a brief statement to its users and investors.

The closure will affect the approximately 1,000 companies currently using Pulley’s software to track equity ownership, issue stock options and comply with reporting requirements. Existing customers have been instructed to export their data before the shutdown and will receive support from the Pulley team throughout the transition. The company did not provide specific reasons for the shutdown, but the announcement underscores the competitive pressures facing niche fintech solutions in the venture‑backed ecosystem.