Pulley, a Mountain View, Calif.-based cap table management product built for founders, raised $10m in Series A funding.
The round was led by Stripe. Additional participants in the round included Caffeinated Capital, General Catalyst, 8VC, and angel investors including Elad Gil, Avichal Garg, Parker Conrad, Jack Altman, Kathleen Estreich, Linda Xie, Matt MacInnis, and Jeannette zu Fürstenberg.
The company intends to use the funds to expand operations and its business reach.
Founded by Yin Wu, Pulley is a cap table and employee options platform focused on founders and employees. It provides tools to help companies model dilution in future rounds, helps employees understand the value of their equity as the company grows, and makes maintaining equity plans as companies grow much faster and easier.
Since soft-launching in January 2020, over 500 startups have used Pulley to manage their cap table, including over 50% of Y Combinator companies in 2020.