shouldiuse.io

Comparison

Ledgy vs Pulley

Ledgy lands on Depends, and Pulley lands on Skip.

Ledgy versus Pulley
CompareLedgyPulley
VerdictDependsSkip
Best forScale-ups with employee share plansNobody buying new (service ends Dec 2026)
Who it's not forPre-seed startups . a spreadsheet sufficesAnyone making a new purchase . company ceases operations Dec 8, 2026
PrivacyNo known public vulnerabilities found in the sources reviewed.³No known public vulnerabilities found in the sources reviewed.12
Support qualityNo evidence found in reviewed sourcesIn-house expert cap table reviews, on-demand managed services
Public sentimentReviewers generally rate Ledgy well for cap table and equity management but repeatedly flag reporting and export limitations.⁴A few third parties recommended Pulley for startup cap tables, but independent review data is thin and the company is now shutting down.15
Biggest gotchaReporting/export limits recur in reviews . test your exact reports in a trial.⁴Service ends 12/8/26; any prepaid annual fees are effectively lost.12

Pick Ledgy when

  • Scale-ups with employee share plans
  • Companies unifying equity and exec comp
  • VC-backed firms managing carried interest

When Ledgy is not a fit

  • Pre-seed startups . a spreadsheet suffices
  • Teams needing rich reporting and exports
  • Funds whose portfolio companies already run Carta

Pick Pulley when

  • Nobody buying new (service ends Dec 2026)
  • Historically: pre-IPO US startups
  • Founders modeling dilution before raises

When Pulley is not a fit

  • Anyone making a new purchase . company ceases operations Dec 8, 2026
  • Teams wanting a stable, long-term equity vendor
  • Buyers mid-switch from Carta or Ledgy
  • Late-stage companies needing ongoing equity administration

Sources

  1. official
  2. official
  3. security
  4. review
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  6. review
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  11. Pulley homepagepulley.com
    official
  12. security
  13. news
  14. official
  15. review
  16. review