The Swiss start-up promises to help users navigate the complexities of equity management impacting high-growth firms.
Ledgy, a Swiss equity management platform, has raised $22m as part of a Series B funding round.
The Zurich-based company said its product helps users understand the distribution of equity as firms scale, and that this can help map out the complexities involved in employee ownership during events such as funding rounds, dilutions, and exits.
Since it was first founded in 2017, the company now offers tools aimed at finance, HR, legal and VC teams, as well as employees themselves.
The firm’s clients include WeFox, Codility, Monese, Gorillas, Getir and Scalapay as well as many venture capital (VC) firms and accelerators such as Techstars, Entrepreneur First and APX.
The funding round was led by New Enterprise Associates, and also included existing investors such as Sequoia Capital, 20VC, btov, and VI Partners.
This isn’t the first time that the company has attracted large-scale investment, Ledgy has now raised over $33.5 million to date, with $10m this coming in its September 2021 round.
In addition, the funding round will also see Jonathan Golden be appointed to Ledgy’s board.
Golden, who currently sits on the board of New Enterprise Associates, has product management experience at a senior level at Airbnb, Dropbox and Hubspot.
Ledgy has yet to disclose the valuation the investment was given under.
Yoko Spirig CEO and Co-founder at Ledgy believe that "for equity to really mean something, equity data can’t be hidden away in dusty, insecure spreadsheets".
Spirig believes that making it easier for teams to manage equity processes will be important to "build cultures of ownership in Europe and beyond".
The co-founder believes that equity ownership deserves more attention than it has traditionally been given and that equity is "not just a financial thing" but instead "a profound cultural multiplier".
The equity management space is definitely one which is attracting the attention of investors. UK-based equity management startup Capdesk was recently acquired US firm Carta, which offers comparable equity management products, for an undisclosed sum.
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