Pulley prioritizes
founders and
finance teams

With audit-ready compliance, powerful scenario modeling, and hands-on support from equity experts, Pulley’s got your back.

Trusted by 8000+ ambitious companies from seed to scale

Why founders and finance leaders choose Pulley

People you
can trust

Pulley will never share your data or use your confidential information to broker trades. Your data stays secure and protected with Pulley.

users icon

Expert
support

Get professional help in any area, with an average response time of five minutes. Pulley also offers managed services on a retainer basis.

Dollar icon

Transparent
pricing

Pulley provides startup-friendly pricing plans at a fixed price per stakeholder, so you don’t have to worry about any hidden costs.

graph icon

Scalable equity management

Plans include advanced features to support your startup’s growth—whether you're scaling, preparing for M&A, or planning an exit.

Pulley vs Cake Equity in detail

Pulley

Cake

Customer Support

Fast and experienced support team:

  • Average response time of less than 5 minutes

  • Expert answers from seasoned founders and lawyers

  • Phone, email, and chat support for you, your stakeholders, and third-parties like law firms and auditors

Email, chat, and phone support available with limitations:

  • Two calls max on Starter plan

  • Five calls max on Growth plan

  • Unlimited calls and dedicated Slack channel available as an add-on with custom plans (Source)

Migration & Onboarding

Premium concierge migration in 5–10 days

Managed migration supported only on custom plans

409A Valuations

Audit-ready valuations created in-house; most subscriptions include two valuations per year

  • Five-day turnaround time

  • Dedicated 409A specialist

  • Accelerated valuations by request

  • 100 percent audit pass rate—includes audit support if needed

Valuations completed by a third-party evaluator and reviewed in-house, then delivered within three business days (Source)

Valuations considered an add-on and require additional payment

Reporting

In-depth reports that summarize equity plans and cap tables by line item, custom reports (including cap table snapshots), vesting schedules, and more

Custom reports included in Growth and Custom plans

Support for funding round modeling, SAFE/convertible note conversions, and option pool adjustments

Scenario Modeling

Advanced scenario modeling tools:

  • SAFE stacking and dilution.

  • Waterfall modeling.

  • Funding round modeling.

  • Pro-rata calculations.

  • Pre- and post-money scenarios

  • Investor communications

Support for funding round modeling, SAFE/convertible note conversions, and option pool adjustments

Equity Plan Support

Support for multiple equity classes, options, securities, and others:

  • RSUs and RSAs

  • ISOs and NSOs

  • Warrants

  • ESOP

  • Custom vesting schedules and performance triggers

  • Custom liquidity programs

Equity plans including options, RSUs, RSAs, international pools, and legal templates

Scaling Capabilities

Handles complex cap tables with support for hybrid, milestone, and time-based vesting for all equity types

  • Token cap tables for Web3 startups

  • ISO/NSO split issuance flows

Supports early-stage startups and global teams with features like international option pools and localized compliance

    Security & Compliance

    SOC 2 Type II, GDPR-compliant, industry-standard data encryption at rest and in transit, regular security reviews

    Compliant with 409A and HMRC and localized legal documents for international compliance

    Founder & Employee Experience

    Designed to help founders and finance leaders understand equity, with better scalability, support, and features for growing companies

    Focused on niche support for small companies based outside the United States—especially those based in Australia

    Pulley vs Cake Equity in detail

    Customer Support

    Pulley

    Fast and experienced support team:

    • Average response time of less than 5 minutes

    • Expert answers from seasoned founders and lawyers

    • Phone, email, and chat support for you, your stakeholders, and third parties like law firms and auditors

    Cake Equity

    Email, chat, and phone support available with limitations:

    • Two calls max on Starter plan

    • Five calls max on Growth plan

    • Unlimited calls and dedicated Slack channel available as an add-on with custom plans (Source)

    Migration & Onboarding

    Pulley

    Premium concierge migration in 5–10 days

    Cake Equity

    Managed migration supported only on custom plans

    409A Valuations

    Pulley

    Audit-ready valuations created in-house; most subscriptions include two valuations per year

    • Five-day turnaround time

    • Dedicated 409A specialist

    • Accelerated valuations by request

    • 100 percent audit pass rate—includes audit support if needed

    Cake Equity

    Valuations completed by a third-party evaluator and reviewed in-house, then delivered within three business days (Source)

    Valuations considered an add-on and require additional payment

    Reporting

    Pulley

    In-depth reports that summarize equity plans and cap tables by line item, custom reports (including cap table snapshots), vesting schedules, and more

    Custom reports included in Growth and Custom plans

    Cake Equity

    Support for funding round modeling, SAFE/convertible note conversions, and option pool adjustments

    Scenario Modeling

    Pulley

    Advanced scenario modeling tools:

    • SAFE stacking and dilution

    • Waterfall modeling

    • Funding round modeling

    • Pro-rata calculations

    • Pre- and post-money scenarios

    • Investor communications

    Cake Equity

    Support for funding round modeling, SAFE/convertible note conversions, and option pool adjustments

    Equity Plan Support

    Pulley

    Support for multiple equity classes, options, securities, and others:

    • RSUs and RSAs

    • ISOs and NSOs

    • Warrants

    • ESOP

    • Custom vesting schedules and performance triggers

    • Custom liquidity programs

    Cake Equity

    Equity plans including options, RSUs, RSAs, international pools, and legal templates

    Scaling Capabilities

    Pulley

    Handles complex cap tables with support for hybrid, milestone, and time-based vesting for all equity types

    • Token cap tables for Web3 startups

    • ISO/NSO split issuance flows

    Cake Equity

    Supports early-stage startups and global teams with features like international option pools and localized compliance

    Security & Compliance

    Pulley

    SOC 2 Type II, GDPR-compliant, industry-standard data encryption at rest and in transit, regular security reviews

    Cake Equity

    Compliant with 409A and HMRC and localized legal documents for international compliance

    Founder & Employee Experience

    Pulley

    Designed to help founders and finance leaders understand equity, with better scalability, support, and features for growing companies

    Cake Equity

    Focused on niche support for small companies based outside the United States—especially those based in Australia

    Made to scale with you

    409As completed by trusted, in-house experts

    Cake Equity sets up cap tables and basic equity plans, providing an easy start for those new to equity management. But it may not have the advanced features that a growing company needs.

    As your company grows and enters later-stage funding rounds, especially around Series B, investors expect more detailed reporting. Venture capitalists (VCs) and institutional backers often request audit-ready financials as part of their due diligence.

    Pulley’s reporting tools meet that challenge. You can generate in-depth, transparent reports that follow compliance best practices—without relying on external vendors.

    Pulley supports fast, in-house 409A valuations with a 100 percent audit compliance pass rate, which help you stay compliant and issue employee stock options with confidence. With Pulley, you build a stronger foundation for your equity program as you scale.

    Beyond basic reporting

    As your company grows, investors expect more than spreadsheets. VCs and institutional investors require audit-ready financial reports as a prerequisite for investing in forthcoming rounds. If you or your team aren’t able to quickly provide quality reports, you could jeopardize your investment.

    Pulley’s robust reporting features are built to support your due diligence during fundraising and audits.

    Pulley’s in-depth reports follow best practices, with clear disclosures, footnotes, and transparent data. Create pro forma reports, cap table waterfalls, and investor summaries using Pulley’s step-by-step workflow and report templates. You also get seamless integrations with financial and HR tools, making Pulley a reliable choice when accuracy, depth, and compliance matter most.

    Better compliance starts with Pulley

    If you don’t expect to grow or raise money in the near future, Cake offers simple cap tables that work for younger, smaller startups. But as your company grows and you find yourself raising rounds, onboarding employees, and granting equity, those early tools often fall short.

    Pulley is built to scale with your business, from first hire to pre-IPO. Move beyond spreadsheets with advanced features like 83(b) election tracking and Rule 701 monitoring to help ensure regulatory compliance. Model complex funding scenarios like SAFE stacking and pro-rata rights—no CFO required.

    Equity management becomes exponentially complex as you scale. We chose Pulley because they turned that complexity into simplicity – letting us focus on building our product, not managing our cap table.

    Karri Saarinen

    CEO at Linear

    Having a source of truth for token distribution is by far the most beneficial part of using Pulley. It's easy to understand when tokens are vesting when they are being distributed, who has received or exercised options, and who hasn’t. Highly recommended for anyone in the crypto space.

    Ari Litan

    Advisor and Former COO at LayerZero

    I absolutely love Pulley and recommend it to every client! The pro forma modeling tool can save a startup thousands by making it easy to quickly and effectively model how each SAFE or convertible note impacts the cap table. Pulley has become an essential part of any pre-Series A financing.

    Kelly Boyd

    Attorney at Montgomery Pacific

    Pulley has proven to be a valuable partner in streamlining and managing our token operations on a single platform. Their outstanding customer support also made the transition extremely easy for our team.

    Sr. Corporate Paralegal & Equity

    Sr. Corporate Paralegal & Equity

    Token Administrator at Mysten Labs

    We are wrapping up our financial audit. The stock based comp reporting was a snap with Pulley!

    Kent Toy

    VP of Finance

    Pulley was promoting their service with a simpler/faster onboarding process and I can confirm that it was really smooth. The rep was friendly and walked me through the process. We had every feature in Pulley we needed thus far (at seed stage, with a sizable team). The interface is simple, good UX, etc.

    Balázs Scheidler

    CEO at Axoflow

    “I like the fact that we can use our own documents, especially for options. Combine that and other features with the competitive pricing and you have a win.”

    Tim Gutwald

    General Counsel and Chief Compliance Officer

    Ease of use matters—Pulley delivers it

    With a simplistic interface, Cake Equity also prioritizes ease. But limitations show up fast.

    Cake Equity’s support is only available during Australian business hours, and most plans have a customer success call limit of two to five calls max. While the platform helps with basic setup and equity plans, US-based startups or larger global teams may face challenges during growth or urgent support needs.

    Pulley works as your cap table management software from your first grant through your next fundraising round. Whether you manage equity compensation for two employees or fifty, it grows with you and doesn’t limit your time with customer support. With Pulley, you can track equity plans, vesting, and ownership with a user-friendly interface built for speed and clarity.

    Support and migration made simple with Pulley

    Whether you anticipate multiple funding rounds or complex ownership structures, Pulley can support you. Pulley’s responsive team of equity experts can help you with complex equity requirements, and our user-friendly platform caters to both early-stage startups and growth-stage businesses. We accommodate many different ownership structures, including bootstrapped, venture-backed, and tokenized, as well as LLCs.

    We make the transition from your current equity management platform simple and stress-free. Our concierge migration services allow you to migrate your information quickly and easily.

    Transparency that scales as you grow

    Pulley’s transparent pricing gives you yearly subscription plans built to match each stage of your company's growth. Whether your company is just getting started or managing complex rounds, you can choose a package that fits—without hidden fees or confusing limits.

    Each of our plans include core equity management features like cap table management, fundraising modeling, concierge onboarding, electronic option grants and SAFEs, share certificates, and more.

    Pulley’s reporting capabilities also stand out for its clarity and depth. Our platform delivers reports that follow compliance best practices, which includes clear disclosures, footnotes, and the exact formulas used in every calculation—this level of transparency ensures your team stays audit-ready with investor-friendly data.

    Our equity management software makes it easy to handle stock ownership and meet compliance needs without having to take extra steps or deal with last-minute surprises by seamlessly integrating with financial tools.

    Ready for early-stage growth

    Start strong with fast, clean migration

    Pulley helps you switch from your current equity management platform without the manual hassle, migrating your info swiftly and easily. The onboarding process is simple and clean—with only three steps:

    1

    Access

    Grant us access to your Carta account.

    2

    Done-for-you onboarding

    Pulley reviews your documents and quickly builds an accurate cap table.

    3

    Approval

    Approve your cap table. Tell your stakeholders. Done.

    Pulley’s concierge migration team helps you connect your HRIS integrations and prepare for your next audit or funding round. We empower both startups and growing businesses by offering a wealth of guides, email templates, and best practices that make your transition to Pulley smooth and straightforward.
    ‍
    We’re here to assist you every step of your journey with our expert guidance, reliable support, customizable email templates, and proven best practices for compliance at your fingertips.

    MAKE EQUITY
    STRATEGIC ADVANTAGE,
    NOT A HEADACHE

    Manage your cap table with confidence. Pulley gives you clarity and control that Cake can’t match, keeping you one step ahead. Meet with our cap table experts and see why growing companies choose Pulley to scale smarter.