Ledgy, a Zurich (Switzerland)-based provider of a equity management platform for private companies, secured €1M in funding.
The round was led by btov Partners, with participation from Creathor Ventures, VI Partners, Daniel Gutenberg and Luis Cabiedes, Paul Sevinç and Myke Naef.
The company intends to use the funds for expansion in in Germany, France and Great Britain.
Led by Ben Brandt, CEO, Ledgy provides an investment and valuation overview (cap table) software platform for founders to manage equity capital and employee participation. For example, the software simplifies the overview of vesting plans, phantom programs and numbered shares. Thanks to round and exit modeling, founders gain insights for negotiations.
Ledgy digitizes the equity management process and ensures clarity for all parties involved.
A few months after its launch in Switzerland, around 200 companies are already using the software.