Ledgy Raises US$22M Series B to Help European Startups Manage Equityby Fintechnews Switzerland September 22, 2022
Swiss equity management platform Ledgy has raised a US$22 million Series B funding round led by New Enterprise Associates (NEA). Speedinvest as well as existing investors Sequoia Capital, 20VC, btov and VI Partners also participated in the round.
Ledgy supports employers in all equity-related matters including captable management, stakeholder reporting, implementing and automating vesting rules, and ensuring compliance.
The platform helps employees understand the value of their stake in the company with dashboards that include vesting periods and scenario planning.
Investors can also view portfolio metrics such as IRR or MOIC, but also company-specific key metrics such as revenue, P&L and runway.
The latest fundraise also sees the addition of NEA Partner Jonathan Golden to Ledgy’s board.
“The companies we have spoken to praised Ledgy for its ease of use— from initial setup to onboarding new employees and investors across different geographies.
The unanimous feedback was that Ledgy allowed companies to grow, both in terms of headcount and across geographies, while drastically reducing the complexity of finance and legal functions,”
said Jonathan Golden, Partner at NEA.
“The team has grown from around 20 people to more than 60 in the last year, and we’ve managed to have a lot of fun as we’ve scaled!
We are all excited to keep pushing to build a category defining product and take the pain out of equity management for even more companies in the months and years ahead,”
said Yoko Spirig, CEO and Co-Founder at Ledgy.