Ledgy, a Zurich, Switzerland-based equity management platform built for high-growth companies, raised $10 million Series A funding led by Sequoia Capital.
Xavier Niel, Harry Stebbings, Visionaries Club, and several SaaS founders including UiPath’s Daniel Dines and Front’s Mathilde Collin, as well as existing investors Myke Näf, Paul Sevinç, btov Partners, Creathor Ventures, and VI Partners, participated in the round.
The company intends to use the funds to continue expanding into new markets within Europe and beyond, as well as building new features to support workflow automation, solutions for public company administration, and enhanced fund and portfolio management capabilities.
Company: Ledgy AG
Raised: $ 10.0M
Round: Series A
Funding Month: September 2021
Lead Investors: Sequoia Capital
Additional Investors: Xavier Niel, Harry Stebbings, Visionaries Club, UiPath’s Daniel Dines, Front’s Mathilde Collin, Myke Näf, Paul Sevinç, btov Partners, Creathor Ventures, and VI Partners
Company Website: https://www.ledgy.com/
Software Category: Equity management platform
About the Company: Founded in 2017 by ETH Zurich physics graduates Yoko Spirig, Ben-Elias Brandt, and Timo Horstschäfer, Ledgy provides an equity management 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. As companies expand into new territories, establish offices in new markets, and bring new investors on board, the software allows users to automate the administration of a number of the business processes, from cap table management through to setting up option plans and modeling exit scenarios. Ledgy also offers VC and angel investors the ability to manage their portfolios of investments through a single hub and collaborate with companies on reporting and KPIs.
Source: https://www.finsmes.com/2021/09/ledgy-raises-10m-in-series-a-funding.html