Comparison
Raziel vs Pulley
Pulley is a cap table and equity management platform for founders and finance teams, with 409A valuations, SAFE and option paperwork, fundraise modeling and token cap tables. Raziel is built for private markets: startups, SPVs, funds and entities, with founder tools under the same login.
Last reviewed October 28, 2026
At a glance
Which one fits you
Start with the portfolio you hold. Here is who each tool is built for, and what it costs.
Choose Raziel if
Founders who want a fundraising pipeline, investor updates and a cap table view in one workspace, free through 100 contacts, and investors who want to track every startup, SPV and fund position in one portfolio.
Pricing: Founder free to 100 contacts. Investor $49/month after a 14-day trial.
Choose Pulley if
Existing Pulley customers until the December 8, 2026 shutdown. Pulley directs prospective customers to Carta and offers current customers an assisted migration there.
Pricing: From $1,200/year (Startup). Shutting down December 8, 2026.
Feature by feature
Raziel and Pulley, side by side
The same rows on every comparison, with notes where the answer needs context.
| Feature | Raziel | Pulley |
|---|---|---|
| Asset coverage | ||
| Startup equitySAFEs, convertible notes, priced rounds | Yes SAFEs, priced rounds and secondaries, re-marked when a new round is recorded. | Partly Invited stakeholders see their own holdings in companies that use Pulley. |
| SPVs and fund LP positionsCommitments, capital calls, distributions | Yes Commitments, capital called, NAV and distributions beside direct holdings. | Not listed |
| Entities and vehiclesLLCs, trusts, family office structures | Yes Holdings across LLCs, trusts and personal accounts. | Not listed |
| Public equitiesBrokerage accounts and stocks | Coming soon Brokerage connections are coming soon. | Not listed |
| Real estateProperty values, income, gains | Coming soon Property tracking is coming soon. | Not listed |
| CryptoWallets and exchanges | Coming soon Wallet connections are coming soon. | Not listed Pulley’s token products manage tokens a company issues, not personal crypto holdings. |
| Investor tools | ||
| Returns from cash flowsMOIC, IRR, TVPI, DPI | Yes MOIC, IRR, TVPI and DPI from the cash flows you record. | Not listed |
| Automatic document importStatements, K-1s, SAFEs | Yes Forward statements, capital call notices and SAFEs. AI is optional. | Not listed |
| Portfolio company newsRounds and headlines on your holdings | Yes Rounds and news on the companies you hold. | Not listed |
| Founder tools | ||
| Fundraising CRMInvestor pipeline for founders | Yes Kanban pipeline with target checks. | Not listed |
| Investor updatesWrite, send and track updates | Yes Open and click tracking. | Not listed The Startup plan lists a Communications Hub. We could not confirm what it sends. |
| Cap tableOwnership, options, dilution | Yes Ownership, options and dilution for the company you run. | Yes Cap table, share certificates, SAFE, option and RSA agreements, fundraise modeling. |
| Platform | ||
| SharingAdvisors, family, partners | Yes Owner, editor and viewer roles per workspace. | Yes Stakeholder portal shows each person only their own holdings. |
| Native mobile appsiOS and Android | Yes Live on the App Store and Google Play. | Not listed |
| Free planFree tier or free trial | Founder free to 100 contacts Founder is free through 100 contacts. Investor has a 14-day free trial. | No free plan listed |
| SecurityMFA, encryption, audits | Mandatory MFA Mandatory MFA, private networking. SOC 2 Type II and ISO 27001 in progress. | SOC 2 Type II Audit performed by Insight Assurance. |
| More differences | ||
| Open to new customersPulley shuts down December 8, 2026 and points prospective customers to Carta. | Yes | No |
| 409A valuationsIncluded on Pulley’s Growth plan. | No | Yes |
| SAFE, option and RSA agreements with e-signing | No | Yes |
| Token cap tables and distributions | No | Yes |
- Yes
- Partly
- Coming soon
- No
- Not listed
Key differences
What actually sets them apart
-
Pulley is shutting down
Pulley will stop operating on December 8, 2026. Per its FAQ, data stays available in a limited format until January 31, 2027, and Pulley has partnered with Carta for assisted migrations. Raziel is live and accepting new founders and investors.
-
Equity administration versus founder workflow
Pulley is an equity system of record: it issues SAFEs, options and RSAs, includes 409A valuations on Growth and handles filings such as Rule 701 and Form 3921. Raziel keeps a cap table view, but it does not issue securities or provide valuations, so it is not a like-for-like replacement for that work.
-
Fundraising pipeline and investor updates
Raziel’s Founder plan includes a Kanban fundraising pipeline with target checks and investor updates with open and click tracking. Pulley does not list a fundraising CRM.
-
Pricing
Pulley’s plans started at $1,200/year with no free plan listed. Raziel’s Founder plan is free through your first 100 contacts, then $29/month.
To be fair
Where Pulley is strong
No tool is right for everyone. These are the areas where Pulley does more than Raziel today.
- Full equity administration: share certificates, SAFE, option and RSA agreements with e-signing, option exercises, board approvals, Rule 701 and Form 3921.
- 409A valuations included on the Growth plan, plus fundraise and exit modeling.
- Token cap tables, token distributions and token valuations for crypto companies.
- An independent SOC 2 Type II audit, where Raziel’s SOC 2 Type II is in progress.
- An assisted migration to Carta with first-year pricing honored for current customers.
Pricing
What each costs
Raziel
Founder free to 100 contacts. Investor $49/month after a 14-day trial.
- Founder: free through your first 100 contacts, then $29/month.
- Investor: 14-day free trial, then $49/month through 30 companies.
- Investor: $199/month for more than 30 companies.
- Paid plans auto-renew until you cancel.
See full pricing
Pulley
From $1,200/year (Startup). Shutting down December 8, 2026.
- Startup: $1,200/year, first 25 stakeholders included.
- Growth: $3,500/year, first 40 stakeholders included, adds 409A valuations and custom SAFE, option and RSA agreements.
- Enterprise: contact sales.
- Token cap table and token distributions: $4,500/year each; token valuations from $10,000.
- Pulley customers who migrate to Carta through the partnership keep their Pulley pricing for the first year on Carta, per Pulley’s shutdown FAQ.
As listed on October 28, 2026. Check Pulley’s site for current prices.
Switching
Moving from Pulley to Raziel
Most of the setup is importing what you already have. The Investor plan starts with a 14-day free trial.
- Before December 8, 2026, choose a new equity administration provider. Pulley offers an assisted migration to Carta for customers who opt in.
- Start free on Raziel’s Founder plan to run your fundraising pipeline and investor updates alongside your new cap table provider.
- Import your investor contacts from a spreadsheet and rebuild your raise on Raziel’s Kanban board.
- If you also invest, start a 14-day Investor trial and add your startup, SPV and fund positions.
Raziel vs Pulley: questions
Is Pulley shutting down?
Yes. Pulley says it will shut down on December 8, 2026. Customers keep limited access to their data until January 31, 2027, and Pulley has partnered with Carta to migrate customers who opt in.
Can Raziel replace Pulley?
Partly. Raziel covers the founder workflow around your equity: a fundraising pipeline, investor updates and a cap table view. It does not issue SAFEs, options or share certificates, run 409A valuations or file compliance forms, so you still need an equity administration provider for that work.
What happens to my Pulley data?
According to Pulley’s FAQ, the app stops working on December 8, 2026, and data stays accessible in a limited format until January 31, 2027. Pulley says it can only assist migrations to Carta.
How does pricing compare?
Pulley’s published plans were $1,200/year (Startup) and $3,500/year (Growth), with Enterprise priced by sales. Raziel’s Founder plan is free through your first 100 contacts, then $29/month, and the Investor plan is $49/month through 30 companies after a 14-day trial.
Sources
Where this information comes from
Product details change. Information about Pulley comes from public sources listed below, reviewed October 28, 2026. Spotted something out of date? Contact us.
- Pulley shutdown FAQ (pulley2025.pulley.com)
- Pulley pricing (pulley.com)
- Pulley home page and shutdown notice (pulley.com)
- Pulley help: stakeholder portal (help.pulley.com)
Last reviewed October 28, 2026. Raziel details come from our pricing and security pages.
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- Cap table and 409A valuations Raziel vs Eqvista Eqvista is an equity management and valuation company. Read the comparison
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Track every private position in one place
Start free on the Founder plan, or try the Investor plan free for 14 days.