https://techcrunch.com/2022/09/21/ledgy-a-carta-for-european-startups-to-manage-equity-and-cap-tables-raises-22m-from-nea-sequoia-and-more/

Managing cap tables and equity at high-growth companies can be a complicated (and sometimes messy) business, a fact that founders and employees often discover too late. That’s given rise to a wave of companies building software to help, and today a European leader in that pack is announcing some funding to fuel its own growth. Ledgy, a startup out of Zurich that builds cap table management software specifically for companies and their employees working across multiple countries, has raised $22 million, a Series B that it is using for hiring, further product developments, and to bring on more users.

Ledgy’s platform today covers tools for finance, HR, legal and VC teams as well as employees themselves, and is used both to provide a snapshot of the state of a company’s equity at a given moment, and to help employees and companies manage what they may choose to do with that over time. The company today has some 2,000 companies as customers, up from 1,500 a year ago, and revenues have doubled, CEO and co-founder Yoko Spirig said in an interview.