# Pulley

> Pulley is an equity and token management platform that helps founders, finance teams, and employees run cap tables, fundraises, valuations, and tax-compliant token distributions from one place - without spreadsheets or paralegal time.

- **Founded:** 2019
- **Headquarters:** San Francisco, California, United States
- **Founders:** Yin Wu (Co-founder & CEO), Mark Erdmann (Co-founder)
- **Team size:** ~140 employees
- **Products:** Equity Cap Tables, Token Cap Tables, 409A Valuations, Fundraising & Scenario Modeling, Liquidity Programs
- **Notable:** Raised $40M Series B at a $250M valuation led by Founders Fund (2022)., Adopted by more than 70% of recent Y Combinator graduates., First platform to unify traditional equity and Web3 token cap tables side by side.

## Products & services

- **Equity Cap Tables** — Track and issue stock options, RSUs, ISOs, NSOs, SAFEs, and warrants with custom vesting schedules. Built for both LLCs and C-corps.
- **Token Cap Tables** — Manage token allocations, vesting, lockups, and distributions side-by-side with traditional equity in one view.
- **409A Valuations** — Audit-defensible valuations performed by an in-house team for both equity and crypto tokens.
- **Fundraising & Scenario Modeling** — Model dilution, waterfalls, and pro-forma cap tables before signing a term sheet.
- **Liquidity Programs** — Run tender offers and secondaries in partnership with Nasdaq Private Market.
- **Token Distribution** — Multi-chain (Ethereum, Solana, Polygon) distribution that integrates with BitGo, Anchorage, Coinbase, and Fireblocks custody.
- **Employee Equity Portal** — A personal dashboard where employees can see, sign, and exercise their grants.

## Achievements

- Raised $40M Series B at a $250M valuation led by Founders Fund (2022).
- Adopted by more than 70% of recent Y Combinator graduates.
- First platform to unify traditional equity and Web3 token cap tables side by side.
- Built an in-house valuation team that delivers audit-defensible 409As for crypto.

## Latest updates

- **2025-01** — Expanded Token Tables product to support multi-chain distribution on Ethereum, Solana, and Polygon.
- **2022-07** — Announced $40M Series B led by Founders Fund; Keith Rabois joined the board.

## Links

- Website: https://pulley.com
- LinkedIn: https://www.linkedin.com/company/pulley-cap-table
- Twitter/X: https://twitter.com/pulley

---

Profile page: https://yespress.io/pulley
Published by YesPress — https://yespress.io
Last updated: 2026-05-18