Swiss fairness administration platform Ledgy has raised a US$22 million Sequence B funding spherical led by New Enterprise Associates (NEA). Speedinvest in addition to current buyers Sequoia Capital, 20VC, btov and VI Companions additionally participated within the spherical.
Ledgy helps employers in all equity-related issues together with captable administration, stakeholder reporting, implementing and automating vesting guidelines, and making certain compliance.
The platform helps staff perceive the worth of their stake within the firm with dashboards that embody vesting durations and state of affairs planning.
Traders may view portfolio metrics reminiscent of IRR or MOIC, but additionally company-specific key metrics reminiscent of income, P&L and runway.
In line with NEA, Ledgy is at present managing fairness in 42 nations and for greater than 2,500 corporations together with startups reminiscent of Pleo, Commerce Republic and Wefox.
The most recent fundraise additionally sees the addition of NEA Companion Jonathan Golden to Ledgy’s board.
“The businesses we now have spoken to praised Ledgy for its ease of use— from preliminary setup to onboarding new staff and buyers throughout totally different geographies.
The unanimous suggestions was that Ledgy allowed corporations to develop, each by way of headcount and throughout geographies, whereas drastically lowering the complexity of finance and authorized capabilities,”
stated Jonathan Golden, Companion at NEA.
Yoko Spirig
“The crew has grown from round 20 folks to greater than 60 within the final 12 months, and we’ve managed to have loads of enjoyable as we’ve scaled!
We’re all excited to maintain pushing to construct a class defining product and take the ache out of fairness administration for much more corporations within the months and years forward,”
stated Yoko Spirig, CEO and Co-Founder at Ledgy.
