Compliant SAFEs, issued in clicks
Save thousands in legal fees by creating contracts and collecting signatures in Pulley.
From start to signature in three steps
Create a new set of fundraising terms.
Add board members in Pulley to request approval.
Generate the document and issue to investors.
Configure quickly
Creating a SAFE has never been easier with Pulley’s built-in workflows. You can easily add or modify terms, save them as reusable templates, and generate custom documents.
Issue in compliance
Pulley helps you maintain transparency with stakeholders and meet all regulatory requirements. You can also retroactively fix non-compliant SAFEs in bulk, and prevent any mistakes from reaching your cap table.
Everything you need to raise funds using SAFEs
Support for various SAFE terms
You can build a wide range of terms into your SAFE, including valuation caps, conversion discounts, and MFN (most favored nation) provisions.
Y-combinator SAFE template
Create your agreements using standard Y-combinator SAFE templates instead of starting from scratch.
E-signature capabilities
Collect both board member and investor signatures through Pulley, without needing a third-party e-signature tool.
Document management
Pulley lets you save your document version history and store multiple SAFE templates. You can also upload pre-existing SAFEs to your Pulley account for secure document storage.
Fundraising tools
Before issuing SAFEs, you can use Pulley to model fundraising scenarios and create a pro forma to map out the impact on your ownership.
Status-tracking dashboard
Track the progress of every SAFE agreement—from draft to board approval to final signature. Monitor timelines, investor engagement, and status updates for each SAFE or convertible note to ensure nothing slips past the maturity date.
All connected to your cap table
Your cap table will automatically update to reflect SAFE issuances and conversions.
GET STARTEDEquity 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
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
Frequently Asked Questions
What is a SAFE?
Simple Agreement for Future Equity (SAFE) is an agreement that an early-stage startup makes with an investor—typically when raising money during a seed round. It allows investors to buy rights to future shares at preferential terms.
What are common terms used in SAFEs?
- Valuation cap: the highest valuation at which the SAFE will convert into equity.
- Discount rate: the percentage discount that the SAFE's investor receives when converting their SAFE to equity in the future.
- Conversion price: the price at which the SAFE converts to equity, based on the valuation cap and discount rate.
- Investor rights: the rights and protections that investors have when investing in a startup through a SAFE. These are usually determined by the valuation cap, discount rate, and many more terms.
- Triggering event: an event that causes the SAFE to convert to equity, such as a qualifying financing round, acquisition, or IPO.
- Dilution: the reduction in ownership percentage that existing shareholders experience when new shares are issued during an equity round (including SAFEs that convert into shares).
- Pro rata rights: the right of an investor to participate in future equity financing rounds to maintain their ownership percentage.
- Most favored nations (MFN) provisions: a clause that ensures the investor receives the best terms of any future investor for the same security.
What is the difference between pre-money and post-money SAFEs?
A pre-money safe converts into equity based on the company's valuation immediately prior to the financing round, without accounting for the amount being invested, while a post-money safe converts into equity based on the company's valuation after accounting for the new investment.
How does Pulley help with issuing SAFEs?
Pulley’s SAFE agreement software allows you to create fundraising terms, secure board approvals, and collect signatures without leaving the platform. You can easily customize terms, save them as reusable templates, and generate compliant documents that automatically update your cap table. Our guided workflows simplify complex SAFE terms, allow for quick board approvals, and help early investors sign securely—so you can focus on raising, not paperwork.
Can Pulley help with non-compliant SAFEs?
Yes, Pulley allows you to retroactively fix non-compliant SAFEs in bulk, helping you maintain transparency with stakeholders and meet all regulatory requirements.
Can Pulley support convertible notes and repayment tracking?
Yes. Pulley supports both SAFE agreements and convertible notes. While SAFEs typically don’t carry interest or require repayment, convertible notes do. Pulley gives you tools to track interest rates, maturity dates, and repayment triggers alongside your SAFEs—all in one place.
How does Pulley support early-stage fundraising?
Whether you're using a SAFE or a convertible note, Pulley gives early-stage companies the tools to raise confidently. You can issue agreements using standard YC templates, track each investment amount, and model future financing rounds in real time.
How much can I save by using Pulley for SAFEs?
Using Pulley to issue your own SAFEs can save you $3,000-$5,000 in legal fees per round, while ensuring compliance and accuracy.
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