– SWITZERLAND, Zurich – Ledgy AG, the equity management platform built for high-growth companies, today announced it has closed $10m in a Series A funding round led by Sequoia Capital alongside other investors participating Xavier Niel, Harry Stebbings, Visionaries Club, and several leading SaaS founders, including UiPath’s Daniel Dines and Front’s Mathilde Collin, as well existing investors Myke Näf, Paul Sevinç, btov Partners, Creathor Ventures, and VI Partners.
Concurrent with the financing, Sequoia partner Luciana Lixandru is joining the board.
“Our ecosystem in Europe is flourishing, with startup activity and VC funding at an all-time high, yet outside the US, there is a lack of infrastructure in equity management. Ledgy, the first platform to be geo- and jurisdiction agnostic, will play a key role in allowing European innovation to compete on a global level,” said Luciana Lixandru, Partner at Sequoia Capital. “We’re incredibly excited to partner with Yoko and the Ledgy team on their vision, not only to build a new category within business software but to fundamentally change the culture of company ownership.”
Ledgy is the first platform for company ownership that can be used, for the benefit of companies and funds, in any jurisdiction and from founding to IPO and beyond. Ledgy is building software to automate the administration of several vital business processes, from cap table management to set up option plans and modeling exit scenarios.
CEO Yoko Spirig commented: “Startups today face extraordinary competition on multiple fronts, particularly when it comes to fundraising and hiring. We solve the fundamental problems in equity ownership, to position businesses for hypergrowth. But enabling scale is only part of the picture. Startups cannot deliver sustainable, long-term growth and build important companies without treating their employees fairly. The companies using Ledgy give their teams meaningful ownership and real transparency, enhancing their ability to attract talent and boosting retention. This funding round allows us to further expand our reach across the globe and continue building a first-in-class product to serve our international customer base.”
Ledgy plans to use the funding to continue expanding into new markets within Europe and beyond and build new features to support better workflow automation, solutions for public company administration, and enhanced fund and portfolio management capabilities.
About Ledgy AG
Your equity set for growth
Ledgy is an equity management platform that helps high-growth companies manage their cap table, employee participation plans, funding rounds, and investor relations.
Ledgy is used by leading companies such as Raisin, wefox, Frontify, Codility, Utopia, and many more to democratize startup equity by turning more than 6,000 employees into owners.
Ledgy was founded in 2017 by ETH Zurich physics graduates Yoko Spirig, Ben-Elias Brandt, and Timo Horstschäfer to tackle the pains growing companies experience. Ledgy’s core belief is that the world’s biggest challenges will be solved by entrepreneurs and that democratizing company ownership can be the difference between short-term growth and truly enduring success. Previously, Ledgy had raised a EUR 1.2 million seed round led by Swiss investor btov Partners.Ledgy was one of the TOP 100 Swiss Startups from 2018 to 2020.
For more information: https://ledgy.com/
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