Total amount raised
$106.2 Millions
Latest funding date
09/01/2022
Location
Title
Ledgy has successfully raised significant funding over multiple rounds, establishing itself as a key player in the equity management software market. The platform offers a comprehensive suite of features, including equity plan automation, employee engagement, and compliance.
Keep reading to explore the intricacies of Ledgy's fundraising journey and the investors backing this innovative platform.
What Is Ledgy?
Ledgy, founded in 2017, is headquartered in Zurich, Switzerland. The company was established by Ben Brandt, Yoko Spirig, and Timo Horstschäfer.
Specializing in equity management software, Ledgy offers tools for equity plan automation, employee engagement, and compliance. The platform is designed to streamline equity workflows and manage financial reporting for both private and public companies.
With a growing team, Ledgy currently employs around 50 people, dedicated to providing innovative solutions for equity management.
How Much Funding Has Ledgy Raised?
- Seed Round:
- Amount Raised: €1 million
- Date: December 3, 2018
- Lead Investors: btov Partners, Creathor Ventures, VI Partners, Daniel Gutenberg, Luis Cabiedes, Paul Sevinç, Myke Naef
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand Ledgy's product across Europe, targeting Germany, France, and Great Britain.
- Series A Round:
- Amount Raised: $10 million
- Date: September 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand into new markets and support public companies.
- Series B Round:
- Amount Raised: $22 million
- Date: September 21, 2022
- Lead Investors: New Enterprise Associates (NEA), Sequoia Capital, Speedinvest, btov, Visionaries Club, and unnamed angels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Hiring, further product development, and expanding the user base.
Ledgy has raised a total of $33 million to date. The current valuation is not publicly disclosed.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies. It has a long history of supporting innovative startups and helping them scale.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Airbnb, Dropbox, Hubspot
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm known for backing some of the most successful technology companies in the world. It has a strong presence in both the U.S. and international markets.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Apple, Google, WhatsApp
- Speedinvest
- Details: Speedinvest is a European venture capital firm that focuses on early-stage technology startups. It has a hands-on approach to supporting its portfolio companies.
- Investment Focus Areas: Fintech, deep tech, marketplaces
- Notable Investments: Wefox, Bitpanda
- btov Partners
- Details: btov Partners is a European venture capital firm that invests in digital and industrial technology companies. It has a network of experienced entrepreneurs and investors.
- Investment Focus Areas: Digital technology, industrial technology, healthcare
- Notable Investments: DeepL, Raisin
- Visionaries Club
- Details: Visionaries Club is a European venture capital firm that focuses on B2B technology startups. It is backed by leading European digital entrepreneurs and family businesses.
- Investment Focus Areas: B2B technology, SaaS, enterprise software
- Notable Investments: Personio, Choco
What's Next for Ledgy?
Ledgy stands at the cusp of significant growth opportunities, particularly in expanding its customer base among European startups and public companies. The increasing complexity of managing equity and cap tables for international teams presents a substantial market for Ledgy's solutions. With a customer base that has grown from 1,500 to 2,500 companies in a year, the potential for further expansion is immense.
Future fundraising rounds seem likely, given the successful Series B round and the backing of prominent investors like NEA and Sequoia. These funds could fuel further product development and market expansion. However, challenges such as competition from established U.S. companies and navigating diverse regulatory environments across Europe remain. Ensuring their platform remains user-friendly and valuable will be crucial for sustained growth.
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