Total amount raised
$50.2 Millions
Latest funding date
7/1/2022
Location
Pulley has successfully raised significant funding to support its mission of simplifying equity management for founders and finance leaders. The platform offers a comprehensive suite of tools designed to streamline the complexities of managing equity and tokens.
Keep reading to explore the intricacies of Pulley's fundraising journey and the investors backing this innovative platform.
What Is Pulley?
Pulley is a company dedicated to simplifying cap table management for founders and finance leaders. Founded in 2019, Pulley is headquartered in San Francisco, California.
The company was co-founded by Yin Wu and Mark Erdmann, who aimed to create a platform that streamlines equity management and token handling. Pulley has grown to employ a team of over 50 professionals.
With a suite of tools including fundraising modeling, 409A valuations, and liquidity management, Pulley supports various ownership structures and helps startups scale efficiently.
How Much Funding Has Pulley Raised?
- Seed Round
- Amount Raised: $150K
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Pulley's platform and tools.
- Series A
- Amount Raised: $10M
- Date: October 2020
- Lead Investors: Stripe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and support a growing customer base.
- Series B
- Amount Raised: $40M
- Date: July 2022
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth, enhance tools for fundraising and hiring, and launch the free Pulley Seed plan.
Total Amount Raised: $50.15M. Current Valuation: Not publicly disclosed.
Key Investors
- Founders Fund
- Details: Founders Fund is a venture capital firm known for investing in companies with transformative potential. Keith Rabois, a partner at Founders Fund, is joining Pulley's Board of Directors.
- Investment Focus Areas: Technology, healthcare, consumer internet.
- Notable Investments: SpaceX, Palantir Technologies, Airbnb.
- Stripe
- Details: Stripe is a technology company that builds economic infrastructure for the internet. It is also an existing investor in Pulley.
- Investment Focus Areas: Financial technology, economic infrastructure.
- Notable Investments: Monzo, Paystack, Rapyd.
- Elad Gil
- Details: Elad Gil is a prominent angel investor and entrepreneur with a background in technology and startups. He has been involved in various successful startups and investments.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Airbnb, Coinbase, Gusto.
What's Next for Pulley?
As Pulley continues to grow, the opportunities ahead are vast. The platform's ability to help companies make better equity decisions and stay compliant with tax and accounting regulations positions it well in an expanding market. With over 1,700 companies already on board, Pulley's reach is significant, and the launch of Pulley Seed opens doors to attract even more startups and small businesses.
Future fundraising seems promising, especially given the recent $40 million Series B round led by Founders Fund. This influx of capital will likely fuel further innovation and expansion. However, challenges such as maintaining compliance across different countries and facing competition from other platforms remain. Navigating these hurdles will be crucial for Pulley's sustained success.
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