After seven years in operation, Pulley—a platform used by startups to monitor their financing—will cease operations following a December 8 announcement posted on its website Tuesday.
The firm had secured over $50 million from backers such as Founders Fund, General Catalyst, Stripe and 8VC. It had previously sought to rival the larger player Carta in the cap‑table management space—tools that let companies monitor share ownership and issue new equity as they raise capital.
In the wind‑down, Carta will assist with migrating customers and is providing a limited‑time promotional offer, Pulley said in its statement.
Yin Wu founded Pulley after selling an Android app named Echo to Microsoft in 2015.
“While this marks the end of one chapter, I—along with many of our strongest team members—have no intention of fading quietly,” Wu posted on LinkedIn Tuesday. “There has never been a better time to tackle big challenges. For now, we are focused on collaborating with Carta’s team to support our customers.”
Founders shared screenshots of the email Pulley sent out Tuesday.
“We have worked hard to create a transition plan that will prevent any service disruptions as we shut down,” the company said in the email. Users who switch to Carta can retain their existing Pulley pricing for the first year, and Carta will refund any unused part of their Pulley subscription.