Pulley, a software that startups rely on to track their funding, is shutting down after seven years.

The company said in a statement published on its website on Tuesday that it will cease operations after December 8.

Pulley had raised more than $50 million from investors, including Founders Fund, General Catalyst, Stripe, and 8VC. It previously tried to challenge its much larger rival, Carta, in the cap table management business — software that helps companies track who owns shares and issue new equity as they raise money.

As part of the wind-down, Carta has agreed to help move customers and is offering them a limited-time promotion, according…