Ledgy vs Pulley
A side-by-side comparison of Ledgy 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
4.5 / 5
4.6 / 5
Pricing
Free plan / Custom
From $1,200/yr
Best for
European scale-ups and multi-entity groups managing equity and share-based payments
Venture- and growth-stage companies wanting strong features at published prices
Key features
- Multi-entity cap table management and scenario and exit modeling
- Employee equity plans with automated vesting and employee dashboards
- IFRS 2 / ASC 718 expense reporting and audit support
- Carried interest and deferred compensation tracking
- HRIS integrations (Personio, Workday, BambooHR)
- 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
- Strong European coverage of local instruments and multi-jurisdiction plans
- Employee-facing dashboards praised for driving equity engagement
- Consistently praised support and ease of use on G2
- 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
- Custom reporting flexibility is limited; users want more filters
- Occasional reporting data hiccups noted by reviewers
- 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