• •Pulley, a competitor to industry incumbent Carta, confirmed it will cease operations by year-end.
• •The startup previously secured backing from high-profile investors including General Catalyst, Stripe, and Founders Fund.
• •While TechCrunch reports the closure, the company has not provided a specific reason for the shutdown or details regarding the status of its current client accounts.

Pulley announced it will shut down its cap table management platform this December. Unlike Carta, which dominated the market through rapid expansion and a consolidated secondary market, Pulley struggled to capture enough share despite its high-profile backing from Stripe and Founders Fund. The sudden closure leaves its corporate customers searching for new infrastructure to manage equity and board filings. Whether the collapse is tied to technical scaling difficulties or the intensifying competition in the private equity software space remains unclear.