The Zurich startup Ledgy has raised US$10 million in a Series A fundraising round, as was reported in a press release on LinkedIn. The round was led by venture capitalist Sequoia Capital from the USA. Other contributors included German investor Creathor Venture and Visionaries Club, the venture capital firms btov Partner and VI Partners as well as several angel investors.
Ledgy has built a software solution that supports companies in their equity management. For this, it brings together equity plans and employee participation plans on one platform. According to a press release published on startupticker.ch, Ledgy is currently used by more than 1,500 businesses, which have collectively opened up ownership to many thousands of employees. They include European unicorns wefox, Kry, Bitpanda and Pleo. Unicorns are startups with a value of more than US$ 1 billion.
The fresh capital will enable Ledgy to continue expanding into new markets within Europe and beyond. The company plans to more than double in size by the end of this year.
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