Pulley Shuts Down December 8, Sends Customers to Rival Carta
Pulley will shut down on December 8, 2026, moving customers and prospects to rival Carta after raising over $50 million from major investors since 2020.
Summary
In an announcement posted on its website during the week of September 16, 2026, cap table management platform Pulley said its final day of operations and services will be December 8. Pulley has partnered with rival Carta to transfer customers and is redirecting prospective clients there. Serial founder and former Microsoft employee Yin Wu began building Pulley in 2020, raising over $50 million from investors including General Catalyst, Stripe and Founders Fund.
Pulley gave no reason for closing, and Wu did not immediately respond to a request for comment. A former employee speculated online that Pulley competed less with Carta than with spreadsheets, which startups can now maintain and improve easily using AI. Wu thanked employees and backers on LinkedIn, saying she and many of Pulley’s strongest team members intend to continue solving major problems rather than quietly stepping away.
Positives
- Carta’s partnership gives Pulley customers a designated transition path before services end December 8.
- Prospective Pulley clients are being redirected to Carta rather than left without an alternative cap table platform.
- Over $50 million from General Catalyst, Stripe and Founders Fund supported Pulley after Yin Wu began building it in 2020.
- Yin Wu said she and many of Pulley’s strongest team members intend to keep working on major problems.
Risks & concerns
- Pulley will end all operations and services on December 8, 2026.
- Pulley is closing despite raising over $50 million from prominent investors.
- No reason was provided for the shutdown, and Yin Wu did not immediately respond to a request for comment.
- A former employee suggested AI enhanced spreadsheets have become an easier alternative for startups, weakening demand for dedicated cap table software.