Update: Pulley announced in September 2026 that it will shut down and cease operations on December 8, 2026. Pulley has partnered with Carta to offer eligible customers an assisted transition, but existing customers can also choose another cap table provider.
For many startups, choosing a cap table provider is an important decision because the platform eventually becomes the central record of ownership, equity plans, securities, and valuation information. As a company grows, its needs can also move beyond basic cap table management.
Eventually, you may find yourself looking for better cost efficiency, easier access to 409A valuations, financial modeling, or a platform that supports more complex equity structures. For current Pulley customers, the decision has now become more immediate. A switch should offer more than a different place to manage the same cap table. It should improve the way your company manages equity as it grows.
Eqvista, Carta, Ledgy, Cake Equity, and Shareworks are among the leading Pulley alternatives in 2026. Eqvista is our top overall choice for companies that want cap table management combined with 409A valuations, financial modeling tools, and liquidity solutions. Carta is Pulley’s official transition partner and is particularly strong for investor and fundraising workflows, while Ledgy is well suited to European companies managing international equity.
In this article, we compare leading Pulley alternatives to help you find the right platform for your company.
Top Pulley Alternative Platforms Compared
| Platform | Best for | Pulley feature coverage | Migration | Entry pricing | Key differentiator |
|---|---|---|---|---|---|
| Eqvista | Startups to pre-IPO companies needing equity + valuations | Extensive: cap table, equity plans, vesting, SAFEs/convertibles, modeling, 409A & compliance | Free white-glove migration, 1–5 business days | Free <20 stakeholders; Premium from $2/stakeholder/month | Beyond Pulley: In-house 409A, broader valuations, Real-Time Company Valuation®, financial modeling & liquidity |
| Carta | Fundraising & investor workflows | Broad: cap table, equity plans, fundraising & compliance | Assisted transition from Pulley for eligible customers | Free Launch up to 25 stakeholders / $1M raised | Fundraising ecosystem & integrations |
| Ledgy | European & international companies | Broad: cap table, equity plans & international equity | Assisted migration | Free up to 50 stakeholders | Multi-entity & international equity |
| Cake Equity | Early-stage startups | Broad: core cap table & startup equity workflows | Pulley-specific migration | Free up to 5 stakeholders | Startup-focused equity & fundraising tools |
| Shareworks | Complex global equity programs | Extensive: advanced equity administration & global plans | Assisted migration | Not disclosed | Global plans & enterprise reporting |
Which Pulley Alternative Should You Choose?
We compared each platform using publicly available pricing, product documentation, migration support, 409A capabilities, customer ratings, financial modeling tools, and suitability across different company stages. Pricing and product information were reviewed in September 2026.
The right Pulley alternative ultimately depends on your company’s stage and requirements. For pre-seed startups, Eqvista offers a free plan for companies with fewer than 20 stakeholders. For seed and Series A companies, it combines equity management with recurring 409A valuations. For growth and later-stage companies, the choice between Eqvista and Carta may depend more on the capabilities you prioritize: Eqvista provides broader valuation, financial modeling, and liquidity capabilities, while Carta places greater emphasis on fundraising and investor-related workflows.
1. Eqvista
Eqvista is a Pulley alternative for startups and private companies from early stage through pre-IPO. It provides broad coverage of Pulley’s core equity management capabilities, including cap table management, equity plans, vesting schedules, stakeholder management, SAFEs and convertible securities, scenario modeling, and compliance, while extending beyond traditional cap table software with in-house 409A valuations, broader business valuation services, Eqvista Real-Time Company Valuation®, financial modeling, and private-market liquidity solutions.
Eqvista offers a free cap table plan for companies with fewer than 20 stakeholders, while Premium starts at $2 per stakeholder per month. Companies moving from Pulley can get the rest of their current Pulley term added free, save 30% off their current Pulley invoice, and receive a Year-2 price lock. Eqvista also provides free white-glove migration with a dedicated migration specialist, with migration available in as little as 1–5 business days.
For companies that need recurring valuations, Eqvista offers plans with unlimited 409A updates and lifetime audit support. Its 100% in-house valuation team also supports more complex valuation needs beyond 409A, making Eqvista particularly relevant for companies that want to keep equity management and valuation services within one platform as they grow.
2. Carta
Carta is a strong Pulley alternative for startups that need cap table management alongside fundraising support, investor management, and HRIS and payroll integrations. Companies can try Carta’s free launch plan if they have up to 25 stakeholders and $1 million in funding.
Carta also offers equity reporting, SAFE modeling, deal closings, and priced round modeling. These features can make it a suitable choice for companies that want to connect equity management closely with fundraising activities.
However, pricing for its paid plans is not currently disclosed. This can make budgeting more difficult once a company moves beyond the free Launch plan.
3. Ledgy
Ledgy may be a stronger Pulley alternative for companies with increasingly complex or international equity structures. Its multi-entity cap table management, extensive HRIS integrations, equity plan automation, and valuation services make it more suitable for companies that need more operational depth.
Its Scale offering adds features such as data rooms, document folders, automated granting, vesting workflows, e-signing integrations, investor and employee dashboards, automated share certificates, and UK Companies House reporting.
The tradeoff is that many of its advanced capabilities are designed for companies operating at greater scale. Its self-serve free tier is useful for smaller teams, while advanced functionality moves into a more enterprise-oriented offering starting at €5,000 per year.
4. Cake Equity
Cake Equity focuses on making equity administration accessible to early-stage startups. Its free plan is designed for founders and pre-team companies, while the Build plan adds broader cap table, fundraising, and equity administration capabilities.
It may be a useful Pulley alternative for startups that need an accurate cap table, including SAFE and convertible round support, option grants, board approval flows, and stakeholder communication.
The main limitation is that companies with more sophisticated equity or compliance requirements may need capabilities beyond its core startup-focused offering.
5. Shareworks
Shareworks may be a stronger Pulley alternative for companies that need comprehensive equity administration across complex plans. Its platform is designed to support both private and public organizations with equity management, reporting, regulatory requirements, and global plans.
Its main strengths include custom global plans, robust reporting, scenario modeling, and real-time data sharing through HRIS APIs. These capabilities can make Shareworks suitable for organizations that need a more advanced operational and reporting environment.
However, Shareworks’ broader capabilities are less relevant for smaller startups looking for a simpler cap table solution.
Why Eqvista Is a Strong Alternative to Pulley
Switching from Pulley can make sense when a company wants its equity platform to do more than maintain a cap table. Eqvista combines equity management with valuation, financial modeling, compliance, and liquidity solutions, giving companies a broader platform that can support them as their needs become more complex.
More Than Cap Table Management
Eqvista provides cap table and equity management, including ESOP management, stakeholder accounts, vesting schedules, and real-time ownership updates. Round modeling and waterfall analysis help founders understand dilution, model future financing scenarios, and evaluate potential exit outcomes.
Valuation is also built more deeply into the Eqvista offering. Companies can access unlimited 409A valuations performed by NACVA-certified valuation analysts, alongside broader business and specialized valuation services for needs beyond equity compensation.
Eqvista Real-Time Company Valuation® adds another layer by providing an AI-powered dashboard, built with oversight from experienced valuation professionals, that gives companies an ongoing view of company value between formal valuation cycles.
For companies issuing equity compensation, Eqvista also provides stock-based compensation reporting to support ASC 718 compliance.
Eqvista extends beyond equity administration into private-company liquidity solutions, including Controlled Tender Offers that can provide structured liquidity opportunities for shareholders and employees.
These capabilities let companies manage ownership, understand company value, model financial outcomes, meet compliance requirements, and provide liquidity without relying on multiple platforms.
White-Glove Migration from Pulley
With Pulley shutting down on December 8, 2026, migration has become an immediate consideration for existing customers. Companies need to preserve the ownership history and supporting records currently stored in Pulley without manually rebuilding years of cap table data on another platform.
Eqvista provides white-glove migration from Pulley, with our migration team handling the transfer, reconstruction, and validation of your cap table data. You can review the migrated cap table before approving the switch, so there is no commitment until you are satisfied everything transferred correctly.
For companies moving from Pulley, our current offer includes the rest of your Pulley term added free, 30% off your current Pulley invoice, a Year-2 price lock, white-glove migration at no charge, and a dedicated migration specialist. Migrations can be completed in as little as 1–5 business days. The offer also includes unlimited 409A updates, lifetime audit support, and defense of your previous Pulley 409A valuations.
How to Migrate from Pulley to Eqvista?
- Share Your Pulley Data: Provide our team with read-only access to your Pulley account, or export your cap table and supporting equity information and securely share the files with us.
- We Migrate Your Cap Table: Your dedicated migration specialist handles the transfer of your data to Eqvista, with migration completed in as little as 1–5 business days. This includes historical issuances and transactions, capitalization history, stakeholder details, equity plans, vesting information, common and preferred shares, warrants, SAFEs, and other securities.
- We Validate the Data: If we identify any discrepancies or issues, we review them with you to ensure all information is accurately recorded in Eqvista.
- Review Before You Commit: Once the migration is complete, you can review your reconstructed cap table and verify that everything has been transferred correctly before approving the switch.
- Approve and Go Live: Once you are satisfied with the migrated cap table, approve it and start managing your equity on Eqvista.
FAQs About Pulley Alternatives
Why are companies looking for alternatives to Pulley?
Pulley announced in September 2026 that it will shut down and cease operations on December 8, 2026. As a result, existing Pulley customers need to move their cap table and equity records to another provider. Pulley has partnered with Carta to offer eligible customers an assisted transition, but companies are free to evaluate other cap table platforms based on their pricing, valuation needs, equity complexity, and required level of support.
Is there a free alternative to Pulley?
Yes. Eqvista offers a free cap table management plan for companies with fewer than 20 stakeholders. This can make it a practical Pulley alternative for early-stage companies that want to manage their cap table without committing to a paid plan.
When is Pulley shutting down?
Pulley has announced that it will cease all operations and services on December 8, 2026. Existing customers should review and preserve their cap table, equity, transaction, and supporting records and arrange a transition to another provider before the shutdown date. Pulley has partnered with Carta to provide an assisted transition for eligible customers, but customers can choose another cap table provider.
What is the best Pulley alternative for startups?
The best Pulley alternative depends on what a startup needs from its equity platform. Eqvista is a strong overall option for companies that want cap table management combined with unlimited 409A valuations, real-time company valuation, financial modeling, broader valuation capabilities, and liquidity solutions. Carta may be attractive for companies focused on fundraising and investor workflows, while Ledgy is well suited to companies with international or multi-entity equity requirements.
How do I migrate my cap table from Pulley to Eqvista?
Eqvista provides white-glove migration from Pulley, so you do not need to manually rebuild your cap table. You can provide our team with read-only access to your Pulley account or export your cap table and supporting equity data. A dedicated migration specialist will then handle the transfer, reconstruction, and validation of your stakeholders, securities, equity plans, vesting schedules, historical transactions, and other cap table information before you go live on Eqvista.
How long does it take to migrate from Pulley to Eqvista?
Pulley migrations can be completed in as little as 1–5 business days, depending on cap table complexity and the data provided. Eqvista’s migration specialists handle the transfer, reconstruction, and validation process and work with you to resolve any discrepancies before the migrated cap table goes live.
Does Eqvista offer free migration from Pulley?
Yes. Eqvista offers white-glove migration from Pulley at no charge. Companies switching from Pulley can also get the rest of their Pulley term added free, save 30% off their current Pulley invoice, and receive a Year-2 price lock. The offer also includes a dedicated migration specialist, unlimited 409A updates, lifetime audit support, and defense of previous Pulley 409A valuations.
What is Eqvista’s offer for Pulley customers?
Companies switching from Pulley to Eqvista can get the rest of their Pulley term added free, save 30% off their current Pulley invoice, and receive a Year-2 price lock. The offer also includes white-glove migration at no charge, migration in as little as 1–5 business days, a dedicated migration specialist, unlimited 409A updates, lifetime audit support, and defense of previous Pulley 409A valuations.
Do I have to commit to Eqvista before my Pulley cap table is migrated?
No. You can review your reconstructed cap table and verify the migrated data before approving the switch to Eqvista.
Don’t Just Switch Cap Table Providers. Upgrade What Your Cap Table Can Do.
Choosing a Pulley alternative should be about finding the platform that best supports your company’s next stage of growth. Carta can be a strong fit for companies that place greater emphasis on deal closings and investor management. Ledgy is well suited to companies with complex international and multi-entity requirements, while Cake Equity focuses on straightforward startup equity administration and Shareworks provides greater depth for complex global equity programs.
For companies that want more than cap table management, Eqvista brings cap table management, 409A and broader valuation services, real-time company valuation, financial modeling, compliance, and liquidity capabilities into one platform. For companies moving from Pulley, Eqvista offers the rest of your Pulley term added free and 30% off your current Pulley invoice, plus a Year-2 price lock, white-glove migration at no charge, and migration in as little as 1–5 business days, along with unlimited 409A updates and lifetime audit support.
Contact us to learn more about switching from Pulley to Eqvista.
