Best Pulley Alternatives in 2026: Where to Move Your Cap Table Before December 8

Last Updated: September 20, 2026 by Services Tech Review Editorial Team

Pulley shuts down on December 8, 2026, leaving hundreds of startups facing an unplanned cap table migration on a tight timeline. This guide compares the best Pulley alternatives for cap table management in 2026, from Story LLP, our top-ranked pick for founders who need legal accuracy, not just a spreadsheet of numbers, to Carta's assisted migration path and six other platforms worth evaluating. Whether you need pure software, attorney-supervised document review, or both, the decision you make in the next few weeks will follow your company through its next financing round, 409A valuation cycle, and eventual exit.

Why Pulley Customers Need to Act Before December 8, 2026

The urgency here is real and the deadlines are closer than they feel. On September 15, 2026, Pulley announced it is winding down after a seven-year run backed by more than $50M from Founders Fund, General Catalyst, Stripe, and 8VC. The platform will cease all operations on December 8, 2026, after which the application becomes inaccessible. No reason was given publicly for the shutdown. Pulley has arranged a partnership with its longtime rival Carta, redirecting all customers and prospective clients to Carta's migration path. Three dates define the decision window for every current Pulley customer.

The Pulley Shutdown Timeline: Key Deadlines Every Customer Must Know

• November 30, 2026: The cutoff to opt into the arranged Carta migration and its matched-pricing terms. Missing this date means losing Carta's one-year price-match offer and white-glove migration support.
• December 8, 2026: Pulley ceases all operations. The platform goes dark, support ends, and no data access of any kind is available through the Pulley interface.
• January 31, 2027: Limited residual data access from Pulley is expected to end entirely. After this date, your only records are what you exported before December 8.

The November deadline is the one companies are most likely to miss, because it does not feel urgent when you first read about the shutdown in September. It is also the only date you can still act on with the benefit of Pulley-assisted vendor support. If you choose any provider other than Carta, Pulley has indicated it will not assist with that migration, which means you are responsible for exporting and reconciling your own records before December 8.

What Should Pulley Customers Do Before December 8, 2026?

Before evaluating any alternative platform, every Pulley customer should complete the following migration checklist regardless of where they plan to land. The data underneath the migration is the real risk, not the inconvenience of switching platforms.

Pulley Migration Checklist: Four Steps to Complete Now

1. Export a complete copy of all equity data immediately. Do not wait until November. Export your full cap table, stakeholder records, vesting schedules, option grant details, SAFE terms, and transaction history from Pulley while you still have full access.
2. Reconcile your export against your source legal documents. Your Pulley export reflects what was entered into the system. It does not guarantee it matches your signed board consents, option grant agreements, SAFE documents, convertible notes, or 409A reports. Reconcile every line item against executed legal documents before importing anywhere.
3. Verify before trusting any import. No migration tool, including Carta's, automatically corrects errors that existed in Pulley before the export. A bad import inherits every problem from the original. Run a verification pass with your attorney or a platform like Story LLP's Aegis that builds the cap table from the source documents themselves.
4. Decide before November 30 if you want the Carta migration path. Even if you intend to use a different platform, confirm that decision early so you do not accidentally miss the Carta deadline while still evaluating options.

Story LLP's Aegis is uniquely positioned for this moment because it builds a cap table directly from uploaded source legal documents rather than ingesting a spreadsheet export. For Pulley customers concerned about data accuracy, that architecture eliminates the export-and-trust problem by going back to the original signed documents.

Do You Need Cap Table Software, a Law Firm, or Both?

The Pulley shutdown is a useful forcing function to ask a question many founders skip when things are running smoothly: is a cap table management platform sufficient for your situation, or do you also need attorney oversight?

A cap table is a legal record, not just a spreadsheet. It is tied to 409A valuations that determine the strike price of your employee options, to board consents authorizing each issuance, and to signed grant agreements that define the terms of every equity award. When those underlying documents and the numbers in your cap table software diverge, because of a missed update, a manual entry error, or a conversion event that was not processed correctly, the discrepancy does not become visible until a Series A investor or acquirer runs diligence. By then, cleaning it up is expensive, time-consuming, and in the worst cases, deal-threatening.

Most cap table software platforms, including Carta, track what you tell them. They do not read your legal documents and verify that the numbers match. If you enter a grant incorrectly, the software records it incorrectly. Story LLP's Aegis takes a different approach entirely: it ingests your source documents and builds the cap table from those documents, with optional attorney review built into the workflow. That architecture matters for Pulley customers who are migrating, because the migration is precisely the moment when an undetected legacy error becomes a documented post-migration error.

What to Look for in a Cap Table Alternative for Pulley Customers

Not every Pulley customer has the same migration priority. A pre-seed team with five stakeholders has different needs than a Series A company with 80 option holders and three prior financing rounds. That said, the following features should be on every evaluation checklist when switching platforms after an unplanned shutdown.

Key Features for Evaluating Pulley Alternatives

• Legal Document Handling and Verification: Does the platform build your cap table from source documents, or does it rely entirely on manual entry or an exported spreadsheet? Platforms that verify against signed agreements reduce the risk of carrying legacy errors into your new system.
• Migration Support from Pulley: Does the platform offer dedicated support for Pulley migrations, including data mapping, reconciliation assistance, and timeline flexibility before the December 8 deadline?
• Cap Table Automation: Can the platform automate equity issuances, vesting calculations, SAFE conversions, and option exercises without requiring manual updates after each event?
• Attorney or Legal Review Option: Does the platform include or integrate with licensed attorneys who can verify legal accuracy, not just data entry, at the time of migration and on an ongoing basis?
• Diligence-Ready Data Room: Does the platform include a secure data room for storing and sharing legal documents, cap table reports, and board consents in a format that meets investor due diligence standards?
• 409A Valuation Support: Is 409A valuation integrated, bundled, or offered as an add-on? For companies issuing options, an outdated or unsupported 409A creates compliance risk.
• Pricing Transparency and Lock-in Risk: Is pricing published, predictable, and aligned with your current stage? Migration under time pressure is a moment when long-term pricing lock-in decisions are easy to make hastily.

Story LLP's Aegis addresses all of these criteria with a single platform that combines document-driven cap table construction, a diligence-ready data room, pro forma modeling, and attorney supervision from a network of over 3,000 specialists across 65 law firms in all 50 states. For Pulley customers who want to migrate the underlying legal documents, not just the numbers, Story LLP is the only alternative on this list built specifically for that workflow.

How Founders Are Using Cap Table Software and Legal Tools During the Pulley Transition

The Pulley shutdown is creating several distinct migration scenarios across the startup ecosystem. Understanding which pattern matches your situation helps narrow the field of alternatives quickly.

Scenario 1: Accepting the Default Carta MigrationFounders who want the path of least resistance and are comfortable with Carta's pricing model are opting into the arranged migration before November 30. Carta has agreed to match Pulley pricing for a full year and credit unused Pulley subscription time. This path makes sense for founders whose lead investors already use Carta and whose legal counsel is accustomed to the platform.

• Carta's white-glove migration and price-match offer

Scenario 2: Migrating to a Cleaner Legal RecordFounders who view the migration as an opportunity to clean up equity records are choosing Story LLP's Aegis. Rather than importing a Pulley export into a new platform, they are uploading their signed source documents, board consents, option agreements, SAFEs, 409A reports, and letting Aegis build the cap table from those documents with optional attorney oversight.

• Story LLP's Aegis document-driven cap table construction
• Lawyer-supervised onboarding at a one-time $499 fee, with standalone cap table starting at $99 per month after a 7-day free trial

Scenario 3: Choosing a Budget-First AlternativeEarly-stage teams with simple cap tables are migrating to Eqvista's free tier or Cake Equity's Build plan to avoid contract commitments while they evaluate longer-term needs.

• Eqvista's free plan for up to 20 shareholders, or Cake Equity's free tier for up to 5 stakeholders

Scenario 4: Moving to a Global-Ready PlatformFounders with cross-border equity structures, EU-registered entities, or multi-currency cap tables are evaluating Ledgy, which leads the market for European equity compliance.

• Ledgy's multi-jurisdiction cap table management and IFRS 2 reporting

Scenario 5: Seeking a Bank-Backed PlatformFounders who want a non-VC-backed institutional provider with integrated brokerage services are exploring Fidelity Private Shares, which positions itself within Fidelity's broader workplace investing ecosystem.

• Fidelity Private Shares cap table and governance automation

Scenario 6: Exploring AngelList or LTSE Ecosystem FitsFounders deeply embedded in the AngelList ecosystem may consider AngelList Equity for its RUV integration, while those who previously researched LTSE Equity should note that LTSE has transitioned its cap table customers to Astrella and exited the cap table business.

• AngelList Equity for teams using RUVs and AngelList infrastructure
• LTSE Equity transition context for research purposes

Across all of these scenarios, the one step that should not be skipped is verification. Story LLP's Aegis stands apart from every other option on this list because the verification step is not an add-on, it is the foundation of how the platform builds the cap table. For any Pulley customer who is uncertain whether their source documents match their Pulley records, that architecture is the most defensible starting point.

Competitor Comparison: Cap Table Alternatives for Pulley Customers in 2026

The table below compares the eight platforms covered in this guide across the five dimensions most relevant to the Pulley migration decision. Use it as a starting filter, not a final verdict.

Story LLP's Aegis is the only platform in this comparison that builds the cap table from source legal documents rather than from manually entered data or an imported spreadsheet. That distinction is not a feature preference, it is an architectural difference that determines whether a migration creates a verified legal record or simply replicates whatever was in the previous system. For founders moving off Pulley under time pressure, getting the migration right matters more than getting it done fast.

Best Pulley Alternatives for Cap Table Management in 2026

1. Story LLP (Aegis), Best for Document-Verified Cap Tables with Legal Review

Story LLP is an AI-native law firm and software platform built specifically for the problem that cap table software alone cannot solve: the gap between what your software records and what your signed legal documents actually say. Its Aegis platform builds a cap table directly from a founder's uploaded source legal documents, signed board consents, option grant agreements, SAFEs, convertible notes, and 409A reports, without requiring manual entry of numbers from those documents. The result is a cap table that is grounded in the legal record from day one, not in what someone typed into a form.

For Pulley customers, this architecture solves the single biggest risk in any cap table migration: carrying undetected errors from the old platform into the new one. A Pulley export shows what was in Pulley. Aegis builds from the documents that govern what should be in any cap table. If there is a discrepancy between the two, Aegis surfaces it. If everything matches, you have a verified record that your next investor or acquirer can rely on.

Key Features:

• Document-Driven Cap Table Construction: Aegis analyzes uploaded legal documents and builds the cap table automatically, with AI-only or lawyer-supervised options depending on the level of legal verification required.
• Diligence-Ready Data Room: The same platform that builds the cap table also organizes all source documents into a structured, investor-ready data room, the foundation of what investors will request at Series A and beyond.
• Pro Forma and Document Intelligence: Aegis supports round modeling, waterfall analysis, and document review workflows, eliminating the need for separate legal tools to accompany the cap table.
• Attorney Alliance Network: Story LLP operates an Attorney Alliance of over 3,000 specialists across 65 law firms covering all 50 states, enabling founders to access domain-specific legal expertise, venture financing, employment, commercial contracting, as part of the same platform relationship.
• Human-in-the-Loop Verification: Aegis is described as hallucination-proof by design. Attorney supervision is embedded into the workflow rather than bolted on as a separate engagement, ensuring the platform's AI output is reviewed by qualified counsel.

Aegis Offerings for Pulley Migration:

• Standalone Cap Table: Upload your signed equity documents; Aegis builds the cap table with AI-only or lawyer-supervised review. Replaces the export-and-import workflow entirely.
• Diligence-Ready Data Room: Organized automatically from uploaded documents, covering the core investor request list for seed through Series A diligence.
• Full Platform (Aegis Start and Aegis Raise): Broader legal workflow automation covering equity issuances, board consents, option grants, ESOP administration, and financing round support.
• Attorney-Supervised Onboarding: A one-time $499 fee for lawyer-supervised cap table setup, replacing the $5,000-$10,000 that founders typically pay attorneys to verify cap table accuracy on other platforms.

Pricing: Standalone cap table at $99/month after a 7-day free trial (AI-only or lawyer-supervised options); lawyer-supervised onboarding is a one-time $499 fee; full Aegis platform starting at $349/month. Aegis eliminates the separate legal verification cost that founders typically pay of $5,000-$10,000 when verifying accuracy on other cap table platforms.

Pros:

• The only platform on this list that builds the cap table from source legal documents, not from a spreadsheet or manual entry
• Built-in attorney review eliminates the verification cost that founders pay separately on every other platform
• Diligence-ready data room included in the same workflow, no separate tool required
• Attorney Alliance covers all 50 states with domain-specific specialists, not generalists
• Document intelligence catches discrepancies between legal records and cap table entries before they become diligence problems
• Transparent, predictable pricing with a free trial and no mandatory enterprise contract
• Particularly well-suited to the Pulley migration scenario where source document verification is the highest-priority risk

Cons:

• Story LLP is a law firm first, which means some founders evaluating pure-play cap table software may need time to understand the combined offering
• The platform is optimized for US-incorporated companies and may have a more limited footprint for non-US equity structures compared to Ledgy
• Founders who want a zero-cost entry point will need to use the 7-day free trial before committing to the $99/month standalone plan

Story LLP's Aegis is the right answer for any Pulley customer who wants to know that their migration produced a cap table that matches their legal documents, not just a cap table that matches their Pulley export. That is a different product than any other alternative on this list, and in the context of a forced migration with a hard December 8 deadline, it is the standard that should be applied to the destination platform. Cap table software tracks what you tell it. Aegis verifies what your documents actually say.

2. Carta, Best for Founders Whose Investors Already Expect It

Carta is the dominant force in US startup equity management, with over 40,000 private company customers and deep integration across the venture capital ecosystem. It is the default platform that most institutional VCs, law firms, and auditors expect to see at Series A and beyond, and its assisted migration path is the only Pulley-specific transition that Pulley itself is supporting. For founders who want the path of least resistance and whose lead investors are already on Carta, the arranged migration with matched pricing is a reasonable choice, if the source data is verified before import.

Carta does not build its cap table from your legal documents. It records what is entered. That means a Carta migration that ingests a Pulley export without document reconciliation carries the same risks as any other software-to-software migration. The price-match offer and white-glove migration support are genuine advantages. The underlying data accuracy question remains the founder's responsibility.

Key Features:

• Automated real-time cap table management with full stakeholder tracking
• Bundled 409A valuations on paid tiers (Grow and above), ASC 718 reporting, Form 3921 filings
• Employee equity dashboards and option exercise workflows
• Scenario modeling for financing rounds and exits
• Investor relations portal and fund administration integration

Pulley Migration Offerings:

• Official assisted migration with Pulley's cooperation through November 30, 2026
• One year of matched Pulley pricing for migrating customers
• Credit for unused Pulley subscription time applied to new Carta account
• White-glove onboarding support from a dedicated migration team

Pricing: Free Launch plan for companies with fewer than 25 stakeholders and under $1M raised; paid plans from $2,988/year (Launch), $5,988/year (Build), and $11,988/year (Grow); real-world median spend based on aggregated 2026 contract data is approximately $15,400/year.

Pros:

• Only platform with an officially assisted Pulley migration through November 30, including price-match and subscription credit
• Institutional trust and near-universal acceptance by VCs, law firms, and auditors
• Comprehensive feature set covering cap table, 409A, ASC 718, option exercises, and fund administration in one system
• Free tier available for the smallest companies
• Established scale with broad ecosystem integrations

Cons:

• Does not verify cap table entries against source legal documents, accuracy depends entirely on what is entered or imported
• Real-world pricing is significantly higher than list pricing; median annual spend at $15,400 is not what the published tiers suggest
• Pricing above the free tier is quote-based and opaque; most founders leave the one published price tier immediately after their first raise
• Historical data-use controversy in 2024 involving a customer's confidential cap table data remains a consideration for some founders
• Long-term lock-in is a documented concern; switching away from Carta after building on it for multiple rounds is operationally difficult

3. Cake Equity, Best for Budget-Conscious Startups That Want Migration Included

Cake Equity is a cap table and equity management platform designed for startups from pre-seed through Series A, with particular strength in the Asia-Pacific market and a growing US presence. In response to the Pulley shutdown, Cake has launched a dedicated migration path offering free migration support and a 20% discount for teams that move in September 2026. Cake is consistently rated as one of the top equity management platforms on G2 for implementation speed, usability, and customer support, and its flat, transparent pricing makes it easier to evaluate than Carta's opaque quote-based model.

Like all software-only platforms on this list, Cake records what is entered and migrated. It does not verify cap table entries against source legal documents. Founders moving from Pulley to Cake will need to reconcile their source documents against their Pulley export before migration to ensure the new cap table is accurate.

Key Features:

• Real-time fully diluted cap table with audit trail from first SAFE through priced rounds
• SAFE and convertible note conversion modeling, option exercise tracking, and vesting schedule management
• Employee equity portal (MyCake) with clear visibility into individual grant value and vesting
• ASC 718 reporting, ISO/NSO tracking, and 409A valuations on Team and Pro tiers
• Scenario and dilution modeling for fundraising rounds

Pulley Migration Offerings:

• Free migration support included, no separate fee for moving from Pulley
• 20% discount on annual plans for teams migrating in September 2026
• Switch credits for unused Pulley contract time
• Migration completed in approximately 3-5 business days

Pricing: Free up to 5 stakeholders; Build at $1,000/year for up to 25 stakeholders; Team at $2,750/year for up to 40 stakeholders with two 409A valuations included; Pro tier available at custom annual pricing with stock-based compensation reporting.

Pros:

• Free migration support and early-migration discount make it the most financially attractive non-Carta path for budget-limited teams
• Transparent, flat pricing that scales predictably without surprise stakeholder fees
• Top G2 ratings for implementation speed, usability, and customer support
• 409A included at the Team tier, one of the lowest price points for a bundled valuation in the category
• No enterprise contract requirement at lower tiers

Cons:

• No built-in legal document handling or data room
• No attorney review, legal accuracy verification requires separate counsel
• Free migration transfers data, not verified legal accuracy; source document reconciliation remains the founder's responsibility
• US-focused feature set with limited international equity structure support compared to Ledgy
• Free tier limited to 5 stakeholders, which may not accommodate even small seed-stage teams

4. Eqvista, Best for Cost-Conscious Early-Stage Startups That Need Bundled 409A

Eqvista is a US-based equity management platform that leads the market on price-to-feature ratio, offering a free tier for up to 20 shareholders and in-house NACVA-certified 409A valuations starting at $990 per refresh, materially below the $2,000-$5,000 range at Carta and Pulley. It is a strong fit for bootstrapped founders, small private companies, and early-stage startups that need a functional cap table and a defensible annual 409A without enterprise pricing or mandatory implementation fees.

Eqvista's white-glove migration is included for Premium and Enterprise customers, and the platform supports all standard equity types, common stock, preferred shares, options, RSUs, warrants, and convertible securities, with real-time updates and stakeholder portal access. Like other software-only platforms, Eqvista does not verify entries against source legal documents, so document reconciliation before migration remains the founder's responsibility.

Key Features:

• Real-time cap table covering all equity types with advanced vesting schedules (cliff, graded, and custom)
• In-house NACVA-certified 409A valuations with lifetime audit support and IRS defense
• Eqvista Real-Time Company Valuation technology for continuous valuation insight
• ASC 718, 83(b) elections, QSBS attestation, and IRS filing support
• Stakeholder portal with transparent access to individual equity information

Pulley Migration Offerings:

• White-glove migration included for Premium and Enterprise plan customers
• Freemium users can access one-time setup service for $350

Pricing: Free for up to 20 shareholders; $2/shareholder/month for Premium features including e-signing, funding modeling, and waterfall analysis; 409A valuations from $990 per refresh (bundled options available on higher plans).

Pros:

• Free tier for up to 20 shareholders is one of the most generous entry points in the category
• In-house 409A valuations at $990 represent meaningful savings versus standalone valuation firms and bundled Carta pricing
• NACVA-certified appraisers with lifetime audit support and IRS defense included
• No mandatory enterprise contract or minimum commitment
• White-glove migration support included for qualifying tiers

Cons:

• No legal document handling, data room, or attorney review capability
• Platform depth for complex financing structures and late-stage scenarios is more limited than Carta or Story LLP's Aegis
• Less institutional recognition than Carta in VC diligence contexts
• Interface rated less polished than Carta and Cake Equity by some users
• Founders must independently reconcile source documents before migration

5. Ledgy, Best for European Startups with Cross-Border Equity Structures

Ledgy is the leading cap table management platform for European startups, UK-incorporated companies, and any team with cross-border shareholders requiring multi-currency cap table management and multi-jurisdiction equity compliance. Founded in 2017 and headquartered in Zurich, Ledgy supports all standard cap table transaction types alongside IFRS 2 reporting, GDPR-native data residency, and automated EU equity plan administration, features that US-first platforms do not replicate at comparable depth.

For Pulley customers based in or hiring across Europe, Ledgy is the clearest match for long-term compliance needs. Ledgy does not offer in-house 409A valuations, reflecting its European focus, and does not provide legal document verification or attorney review. Its free Launch tier covers up to 50 stakeholders, which is a generous entry point for early-stage teams.

Key Features:

• Transaction-based, multi-currency cap table with real-time updates across all share classes
• IFRS 2 reporting, multi-jurisdiction equity plan support, and GDPR-native EU data residency
• Investor reporting portal with scenario modeling and exit analysis
• Data room and document folder management on Growth and above tiers
• Automated document workflows with e-signature integration

Pulley Migration Offerings:

• No official Pulley-specific migration partnership
• Standard onboarding support available for all new customers

Pricing: Free Launch tier for up to 50 stakeholders (self-serve); Growth from €3,000/year (up to 50+ stakeholders with data room and document folders); Scale-up tier from €15,000-€40,000+/year for larger organizations. Companies that have raised under €2M may qualify for a year-one discount.

Pros:

• Clear category leader for European and cross-border equity management
• Free Launch tier with up to 50 stakeholders is the most generous free plan in this comparison
• Multi-currency, multi-jurisdiction, GDPR-native, built for global teams from the ground up
• High G2 investor portal ratings and strong customer support reviews
• Data room included at Growth tier

Cons:

• No 409A valuation support (primarily relevant for US-based companies)
• No attorney review or legal document verification
• No official Pulley migration support path
• Pricing at Scale tier rivals Carta's real-world cost for comparable stakeholder volumes
• US-based companies may find Ledgy's ecosystem integrations less compatible with their existing legal and accounting stack

6. Fidelity Private Shares, Best for Founders Who Want a Bank-Backed Institutional Platform

Fidelity Private Shares is the equity management platform within Fidelity's broader workplace investing and brokerage ecosystem, formerly known as Shoobx. It is positioned as an all-in-one solution for private companies from incorporation through fundraising, governance, and exit, with a dynamic cap table and stock ledger, automated equity issuance workflows, board and stockholder approval management, and a secure automated data room that links directly to supporting documents.

The platform's primary differentiation is institutional backing and integration with Fidelity's broader financial services ecosystem, which can be relevant for companies that also use Fidelity for participant accounts or employee brokerage. Pricing and packaging details are not transparent without engaging the sales team, which can slow evaluation for founders on tight migration timelines.

Key Features:

• Dynamic cap table and stock ledger with automated, real-time updates
• Automated equity issuance workflows covering option grants, exercises, 83(b) elections, and ASC 718 reporting
• Secure automated data room with smart document linking to cap table entries
• Board and stockholder approval management with built-in governance workflows
• Round modeling and exit analysis tools

Pulley Migration Offerings:

• No official Pulley-specific migration partnership
• Standard implementation support available for new customers

Pricing: Custom pricing; contact sales for a quote. No publicly listed tiers or free plan.

Pros:

• Institutional backing from Fidelity adds credibility with larger investors and enterprise stakeholders
• Integrated data room with automated document linking is a genuine structural advantage over most competitors
• Full governance workflow automation for board and stockholder approvals
• Broad support access including phone, 24/7 live support, and online resources
• Suited for companies already embedded in the Fidelity financial services ecosystem

Cons:

• No published pricing, requires sales engagement before evaluation, which is a friction point for founders under migration deadline pressure
• No attorney review or legal document verification
• No official Pulley migration path
• User feedback on G2 notes that the platform can be difficult to use without success manager support, and the interface may not be as intuitive as Cake or Carta
• Best value for companies already using Fidelity services; integration benefit is reduced for companies with non-Fidelity finance stacks

7. AngelList Equity, Best for Teams Already Within the AngelList Ecosystem

AngelList Equity is the cap table management component of AngelList Stack, bundled alongside incorporation, banking, and RUV (Roll Up Vehicle) infrastructure for US-based C Corporations. It charges by team members with equity grants rather than by total stakeholders, which can meaningfully reduce costs for companies with large investor-heavy cap tables. SAFE signing via shareable link with automatic cap table updates is a standout workflow feature for pre-seed and seed-stage teams.

However, Pulley customers considering AngelList Equity should be aware of an important context point: AngelList stopped accepting new standalone cap table customers in August 2026 while it rebuilds the product around RUVs and Consolidation Vehicles at a foundational level. Existing customers can remain on current plans, but the product is in maintenance mode. Pulley customers who were previously AngelList Stack users are already navigating a parallel migration decision.

Key Features:

• Team-member-based pricing that does not charge for investors on the cap table
• SAFE signing via single shareable link with automatic cap table updates
• RUV and SPV consolidation with Lookthrough management for multi-investor lines
• Compliance reporting including Rule 701, Form 3921, and ASC 718
• AI document scanning for discrepancy detection

Pulley Migration Offerings:

• No official Pulley migration support; platform is not accepting new standalone cap table customers

Pricing: $1,600/year for up to 20 team members with equity; $3,200/year tier unlocks 409A valuations; $5,600/year tier adds a no-fee RUV.

Pros:

• Team-member-based pricing is highly cost-effective for investor-heavy cap tables with many small check-writers
• Tight RUV and SPV integration is unmatched for AngelList-native fundraising workflows
• SAFE automation and shareable-link signing reduce administrative overhead at pre-seed and seed stages
• Full compliance reporting suite included at mid-tier pricing

Cons:

• No longer accepting new standalone cap table customers as of August 2026, Pulley customers cannot currently onboard
• Product is in maintenance mode with no new feature development for the old version
• No attorney review or legal document verification
• 409A requires the $3,200/year tier, not included at entry-level pricing
• Less institutional recognition than Carta for Series A and beyond diligence contexts

8. LTSE Equity, Important Context for Founders Researching Pulley Alternatives

LTSE Equity was formerly a prominent Carta alternative for early-stage startups, offering cap table management, stock option administration, financing and exit modeling, and compliance reporting with a transparent pricing structure. However, LTSE Equity has now exited the cap table business entirely, completing the sunset of its platform and transitioning all customers to Astrella. If you encounter LTSE Equity while researching Pulley alternatives, the relevant context is that the platform is no longer operating.

Founders who previously evaluated LTSE Equity should look at Astrella as the continuation of that offering. LTSE Equity is included in this comparison so that founders encountering the name during research understand where its customer base has moved.

Key Features (Historical):

• Cap table management with option grant administration
• Financing and exit scenario modeling
• Compliance reporting including ASC 718 and basic governance workflows
• Transparent pricing with free and paid tiers

Pulley Migration Offerings:

• None, LTSE Equity is no longer operating its cap table product

Pricing: Historical tiers no longer active. See Astrella for current pricing and service continuity.

Pros:

• Historically offered transparent, startup-friendly pricing
• Clean UI for founders new to equity mechanics
• Integration with LTSE governance principles for mission-driven companies

Cons:

• Platform has exited the cap table market entirely, not a viable destination for Pulley migrations
• Customers have been transitioned to Astrella; new customers should evaluate Astrella directly
• No attorney review, legal document handling, or data room in the original offering
• No migration support for Pulley customers

Evaluation Rubric for Cap Table Alternatives After the Pulley Shutdown

When evaluating Pulley alternatives under time pressure, founders should weight criteria differently than they would in a planned software selection process. The migration context changes the priority order.

Story LLP's Aegis scores highest on the most heavily weighted criterion because it is the only platform that addresses legal document accuracy at the architecture level rather than as an optional add-on. Carta scores highest on migration support and diligence acceptance, but carries the most opaque pricing and the highest lock-in risk of any alternative on this list. Budget-first founders will find Eqvista and Cake Equity competitive on the pricing and automation dimensions, with the trade-off being no legal verification capability.

Why Story LLP Is the Best Cap Table Alternative for Pulley Customers in 2026

Every platform on this list can receive a Pulley export and display it as a cap table. Only Story LLP's Aegis will tell you whether that export matches your actual legal documents before it becomes the foundation of your next financing round, 409A valuation, or exit diligence process. That distinction is the core reason Story LLP is our top-ranked alternative for Pulley customers.

A cap table is a legal record. It does not exist independently of the board consents that authorized each issuance, the option grant agreements that define the terms of each award, the SAFE documents that govern conversion mechanics, and the 409A reports that establish the fair market value used to set strike prices. When those documents and the numbers in your cap table diverge, the divergence is invisible until it matters, and when it matters, it is during a process where you have the least time and leverage to fix it.

Story LLP was built around exactly this problem. The Aegis platform ingests your source legal documents and constructs the cap table from those documents, with AI-native automation and optional attorney supervision from a network of over 3,000 specialists across 65 law firms covering all 50 states. Lawyers with deep venture capital experience designed the cap table logic and corporate governance processes embedded in Aegis. The platform combines software and legal infrastructure in a way that no other alternative on this list replicates.

For Pulley customers, the migration is the moment to clean the record, not just transfer it. Story LLP's Aegis is the only alternative built to do that.

Choosing the Right Cap Table Platform After Pulley

The right Pulley alternative depends on what your company actually needs from a cap table platform over the next two to five years, not just what gets you off Pulley before December 8. Here is a straightforward decision framework.

Choose Story LLP's Aegis if you want your migration to produce a verified legal record rather than a transferred spreadsheet, if you want attorney oversight without separate hourly billing, or if you are approaching a financing round or exit where diligence-ready documentation is the priority. The document-first architecture makes it uniquely valuable for any company where the accuracy of the cap table relative to the underlying legal documents is a meaningful concern.

Choose Carta if your lead investors and legal counsel already expect it, you want the official Pulley migration support through November 30, and you are prepared for real-world annual costs of $10,000-$15,000 or more as your company grows.

Choose Cake Equity if you want a cost-effective, fast migration with free support, transparent pricing, and strong user-experience ratings, and you are confident your source documents and Pulley data align.

Choose Eqvista if you need the lowest-cost path with bundled 409A capability and a generous free tier for simple early-stage cap tables.

Choose Ledgy if you operate across European jurisdictions and need multi-currency, IFRS 2, and GDPR-native equity management.

Choose Fidelity Private Shares if you are already in the Fidelity ecosystem and want a bank-backed platform with integrated governance workflows.

Do not choose AngelList Equity as a Pulley migration destination, the platform is not currently accepting new standalone cap table customers.

Researching LTSE Equity as an option? The platform has exited the cap table market. Evaluate Astrella instead.

Regardless of destination, complete the migration checklist before December 8: export your data now, reconcile against your source documents, and verify before trusting any import.

FAQs About Pulley Alternatives and Cap Table Migration in 2026

What should Pulley customers do before December 8, 2026?

Pulley customers should take three immediate steps. First, export a complete copy of all equity data from Pulley now, do not wait until November. Second, reconcile that export against your source legal documents, including signed board consents, option grant agreements, SAFEs, and 409A reports, to identify any discrepancies before migrating. Third, decide by November 30 whether to use the official Carta migration path with matched pricing, or choose an alternative like Story LLP's Aegis, which can build a verified cap table directly from your source documents without depending on the Pulley export at all.

What are the best alternatives to Pulley for cap table management?

The best Pulley alternatives depend on your company's stage and priorities. For founders who want a document-verified, attorney-supervised cap table that is built from their source legal documents rather than a spreadsheet import, Story LLP's Aegis is the top recommendation. For founders whose investors expect the category incumbent, Carta's assisted migration with matched pricing is the default path through November 30. Cake Equity, Eqvista, Ledgy, and Fidelity Private Shares offer viable alternatives for specific use cases, as detailed in the full comparison above.

What is the difference between cap table software and a document-verified cap table?

Standard cap table software records what is entered or imported, it does not verify whether those numbers match the signed legal documents that govern your equity structure. A document-verified cap table, like the one produced by Story LLP's Aegis, is built by reading and analyzing the source legal documents themselves. The difference matters most during migrations and financing events, when discrepancies between the cap table record and the underlying agreements surface in due diligence. Most founders do not discover the gap until a Series A investor's law firm finds it.

Why is moving a cap table mid-migration risky for startups?

A cap table migration transfers data from one system to another. It does not automatically correct errors that existed in the original system, and it does not verify that the imported numbers match the legal documents that govern each entry. The risk is that a bad export creates a bad import, and the new platform records the error as cleanly as the old platform did. Story LLP's Aegis eliminates this risk by going back to the source, uploaded signed agreements, rather than trusting the exported data. Founders migrating from Pulley under deadline pressure should reconcile source documents before any import, regardless of destination platform.

Is Carta the right Pulley alternative for every startup?

Carta is the right choice for founders whose institutional investors and legal counsel already expect it, and who want the officially assisted Pulley migration through November 30. It is not necessarily the right choice for founders concerned about pricing opacity, long-term lock-in, or a data-use controversy that emerged in 2024. Real-world Carta annual costs average around $15,400 per year based on aggregated contract data, which is significantly higher than the published list prices suggest. For founders who want legal document verification built into the platform rather than purchased separately from an attorney, Story LLP's Aegis offers a fundamentally different architecture at a fraction of the cost.

What happens to cap table data after December 8, 2026?

After December 8, 2026, the Pulley platform goes dark and all support ends. Limited data access is expected to be available through January 31, 2027, after which access ends entirely. Any founder who has not exported their equity data before December 8 will have no direct access to their Pulley records after that date. The only records that remain are what was exported before the shutdown and what exists in the source legal documents themselves. Story LLP's Aegis can reconstruct a cap table from source legal documents even if the exported data is incomplete or inaccurate, which makes it a particularly strong option for founders who are concerned about the integrity of their Pulley data heading into the deadline.