Pulley shutting down (cease ops 8 Dec 2026); Carta customer migration — not an acquisition
Not an acquisition. On 15 Sep 2026, Pulley announced it is shutting down and will cease all operations and services on 8 Dec 2026.
- What happened: Cap-table / equity management challenger to Carta winds down after ~7 years. Founder & CEO Yin Wu (YC W20; previously sold Echo to Microsoft) said she and many of the strongest team members "have no intention of riding off quietly into the night," with near-term focus on customer care during the transition.
- Carta partnership (migration, not M&A): Pulley entered an exclusive partnership with Carta to help Pre-IPO customers migrate. Existing Pulley customers may qualify for assisted migration; switchers keep Pulley pricing for the first year and unused Pulley subscription credit applies to Carta. Prospective customers are directed to Carta.com.
- Funding context: Raised >$50M total — incl. YC micro-seed (Mar 2020), Series A ~$10M led by Stripe (Oct 2020; GC, 8VC, Caffeinated Capital, etc.), Series B $40M led by Founders Fund (Jul 2022; Stripe, Keith Rabois, Elad Gil, Avichal Garg).
- Market note: Competitor Ledgy publicly framed the event as "Pulley has been acquired by Carta" (migrate-from-Pulley landing page). Primary sources (Pulley homepage notice, customer email, Business Insider 15 Sep 2026, Yin Wu LinkedIn) describe a shutdown + customer transition , not a purchase of Pulley by Carta. The false Sep 2026 ACQUISITION round that cited Ledgy has been removed from Dealroom.
Sources: pulley.com shutdown banner; Yin Wu LinkedIn (lnkd.in/p/edrBhj35, 15 Sep 2026); Business Insider (Melia Robinson, 15 Sep 2026); Startup Fortune / Runtime Wire coverage same day.
