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

> Pulley shuts down December 8, 2026. Compare Carta, Cake Equity, Eqvista, Ledgy and Raziel on free plans, published pricing and what each one actually does.

URL: https://raziel.co/learn/best-pulley-alternatives
Author: Jordan Rothstein
Published: 2026-11-02

## Which Pulley alternative should you pick?

[Pulley](https://pulley.com/) has announced it will shut down on **December 8, 2026**, and per [Pulley's shutdown FAQ](https://pulley2025.pulley.com/guides/faq-what-is-happening-with-pulleys-shutdown) it has partnered with Carta for assisted migrations. The short answer: pick a legal equity system of record first (Carta, Cake Equity, Eqvista or Ledgy), based on your stakeholder count and whether you need 409A valuations bundled. Then decide where fundraising, investor updates and your planning cap table live. That second job is where Raziel fits, and it works alongside whichever system of record you choose.

Pricing and plan details below come from each vendor's public pages as of October 28, 2026. Check them again before you sign, since plans change.

## Pulley alternatives compared (as of October 2026)

| Platform | Main job | Free plan | Published pricing |
| --- | --- | --- | --- |
| **[Carta](https://raziel.co/compare/raziel-vs-carta)** | Equity system of record: issuance, financings, 409A, compliance | Launch: free under 25 stakeholders and less than $1M raised | Paid plan prices not listed publicly |
| **[Cake Equity](https://raziel.co/compare/raziel-vs-cake-equity)** | Cap table, SAFE and option paperwork with e-signing, 409A add-on | Up to 5 stakeholders | Build $1,000/year (25 stakeholders); Team $2,750/year |
| **[Eqvista](https://raziel.co/compare/raziel-vs-eqvista)** | Cap table plus in-house 409A and other valuations | Fewer than 20 stakeholders | Premium $2 per stakeholder per month; 409A bundle from $990/year |
| **[Ledgy](https://raziel.co/compare/raziel-vs-ledgy)** | Equity management for growing and international companies | Launch plan is free | Scale from €5k/year; Enterprise from €18k/year |
| **Raziel** | Fundraising pipeline, investor updates and a cap table view for founders; portfolio tracking for investors | Founder plan free through 100 contacts | Founder $29/month after 100 contacts; Investor $49/month after a 14-day trial |

For reference, Pulley's own published plans started at $1,200/year for the Startup plan with 25 stakeholders ([Pulley pricing](https://pulley.com/pricing)). Pulley's FAQ says customers who migrate to Carta through the partnership keep their Pulley pricing for their first year on Carta.

## Carta: the default migration path

Carta is the path of least resistance because Pulley names it as its migration partner. It covers issuing shares and options, SAFE and priced financings, 409A valuations and compliance, and equity holders get iOS and Android apps. Its [Launch plan](https://www3.carta.com/equity-management/launch) is free for startups with under 25 stakeholders and less than $1M raised; paid plans apply after that or when you need a 409A. If you were paying Pulley's list price, the one-year price hold is worth weighing.

## Cake Equity: low cost with paperwork included

Cake Equity issues SAFEs, convertible notes and option grants with e-signing, and adds 409A valuations on its Team and Pro plans or as a $1,500/year add-on ([Cake pricing](https://www.cakeequity.com/pricing)). Its free plan covers up to 5 stakeholders and Build starts at $1,000/year with 25 included, which is close to what Pulley's Startup plan cost.

## Eqvista: cap table and valuations from one provider

Eqvista suits companies that want 409A valuations and the cap table from the same team. The cap table is free under 20 stakeholders, Premium is $2 per stakeholder per month, and the 409A plus Premium bundle runs from $990/year pre-revenue to $2,590/year at Series A ([Eqvista pricing](https://www.eqvista.com/pricing/)). It also handles filings such as Rule 701, Form 3921 and 83(b) elections.

## Ledgy: built for later-stage and international teams

Ledgy is strongest for growing companies, especially in Europe and the UK, that need share plan automation, HRIS integrations and multi-jurisdiction reporting. Launch is free, Scale starts at €5k/year and Enterprise at €18k/year ([Ledgy pricing](https://ledgy.com/company-pricing)). For a seed-stage US company leaving Pulley, it is usually more platform than you need today.

## Where Raziel fits

Raziel is not an equity system of record. It does not issue securities, run 409A valuations or file Rule 701 and Form 3921, so you still need one of the providers above for that. What Raziel adds is the work around the cap table: a Kanban fundraising pipeline with target checks, [investor updates](https://raziel.co/platform/investor-updates) with open and click tracking, a KPI dashboard and a [cap table view](https://raziel.co/platform/cap-table) for modeling your next round, all in one workspace on web, iOS and Android. The Founder plan is free through your first 100 contacts, then $29/month.

Angels who saw their holdings through Pulley's stakeholder portal can track those positions on Raziel's Investor plan, with MOIC, IRR and TVPI across startups, SAFEs, SPVs and funds. The plan starts with a 14-day trial, then $49/month for up to 30 companies.

## How to choose in four questions

1. **How many stakeholders do you have?** Under 20 to 25 and under $1M raised, the free tiers of Carta, Eqvista or Cake may cover you.
2. **Do you need a 409A this year?** If yes, compare Eqvista's bundle, Cake's add-on and Carta's paid plans side by side.
3. **Do you want the assisted migration?** Only Carta has it through Pulley. Anywhere else, you export and re-import yourself.
4. **Where will fundraising and updates live?** If the answer is a spreadsheet and your inbox, that is the gap Raziel fills next to any of the four.

Whatever you choose, export your cap table and signed documents from Pulley first. Our [step-by-step Pulley migration guide](https://raziel.co/learn/switch-from-pulley-to-raziel) covers what to download and what moves where, and [Raziel vs Pulley](https://raziel.co/compare/raziel-vs-pulley) has the full side-by-side.

## FAQ

### When does Pulley shut down?

December 8, 2026. Pulley's FAQ says data stays available in a limited format until January 31, 2027, but download everything before December 8.

### What is the cheapest Pulley alternative?

For very small cap tables, the free tiers: Carta Launch (under 25 stakeholders and under $1M raised), Eqvista (under 20 stakeholders) and Cake Equity (up to 5). Above those limits, Cake Build at $1,000/year and Eqvista Premium at $2 per stakeholder per month are the lowest published prices in this list.

### Can I use Raziel instead of Carta?

Not as your legal cap table. Raziel does not issue securities or provide 409As. Use Raziel with Carta or another provider for fundraising, investor updates and planning.

### Do you need to calculate dilution before your next round?

Use the free [dilution calculator](https://raziel.co/tools/dilution-calculator) and [SAFE conversion calculator](https://raziel.co/tools/safe-conversion-calculator) to model it before you move your data.