Ledgy vs Pulley
A side-by-side comparison of Ledgy and Pulley — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.4 / 5
4.4 / 5
Pricing
Free tier / Custom
From ~$100/mo
Best for
European portfolio companies and their investors
Early-stage portcos wanting speed over incumbency
Key features
- Cap table management for European entities
- ESOP and VSOP scheme administration
- Multi-jurisdiction legal and tax compliance
- Employee equity dashboards
- Scenario and exit modeling
- Cap table and SAFE management
- Option grants and employee equity portal
- 409A valuations
- Round and dilution scenario modeling
- Pro-forma cap tables for fundraising
Pros
- Handles European option schemes US tools fumble
- Free tier for early portfolio companies
- Strong employee-facing equity experience
- Quick onboarding and responsive support
- Strong SAFE-native modeling for early-stage rounds
- Cheaper than the incumbent at comparable stages
Cons
- Less useful for pure US-Delaware portfolios
- Investor-side features thinner than company-side
- Ecosystem and integrations trail Carta's
- No fund-side products — company cap tables only