Cap table management platform Pulley to shut down in December

SAN FRANCISCO — Pulley, a cap table management platform and competitor to Carta, announced that it is shutting down operations in December. The closure marks a significant contraction in the private-market equity management software sector, affecting founders and investors who rely on specialized platforms to track ownership stakes and issue stock options, according to a report published September 16, 2026, by TechCrunch.

Strategic Context

Founded to streamline equity administration, fundraising, and compliance for private companies, Pulley raised capital from high-profile backers including General Catalyst, Stripe, and Founders Fund. Cap table management platforms serve as the system of record for venture-backed startups, handling complex capitalization structures, board consents, and valuations. The shutdown of a major provider forces corporate operators to evaluate migration paths for sensitive equity data ahead of the December wind-down.

Forward Outlook

Founders, CFOs, and allocators utilizing the Pulley platform must prepare for data migration and transition to competing providers before operations cease in December. Operators will need to review service agreements and ensure continuity for ongoing option grants, investor reporting, and regulatory filings. Further details regarding the wind-down timeline and data retrieval protocols are expected from the company as the December deadline approaches.