Astrella vs Pulley
A side-by-side comparison of Astrella and Pulley — two options for cap table & equity management. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity Management
Cap Table & Equity Management
Rating
3.9 / 5
4.6 / 5
Pricing
Enterprise / Custom
From $1,200/yr
Best for
Later-stage private companies wanting registry-grade records and an IPO path
Venture- and growth-stage companies wanting strong features at published prices
Key features
- Fully diluted cap table with real-time updates
- Employee stock plan administration
- Waterfall and exit scenario analysis
- 409A valuation services
- Path to EQ transfer-agent and registry services pre-IPO
- Real-time cap table with electronic share certificates
- Option grant management and electronic exercises
- Fundraise, dilution, and exit waterfall modeling
- 409A valuations included on the Growth tier
- Nasdaq Private Market integration for liquidity
Pros
- Backed by EQ's decades of share-registration infrastructure
- Strong waterfall and audit-ready reporting
- Natural continuity from private cap table to public registry
- Transparent published pricing, undercutting Carta at early stages
- Highly rated support and concierge onboarding and migration
- Clean, fast modeling tools for financings and exits
Cons
- Far less startup mindshare and community than Carta or Pulley
- Smaller integration ecosystem; UI feels more corporate than modern SaaS
- Some reviewers report a frustrating subscription cancellation process
- SAFE and note conversion is one-by-one rather than bulk
- Less depth than incumbents for very late-stage needs