Ledgy

Ledgy provides software for managing equity and other non-cash compensation, positioning itself as a unified platform covering equity, deferred compensation, carried interest, pensions and savings under a single login and single source of truth. Core modules include cap table management, share plan administration, equity plan automation, vesting schedule and performance-condition configuration, employee and executive dashboards, document and signature workflows, company valuations, financial reporting, cross-jurisdiction equity compliance and IPO readiness. The platform supports both private and publicly listed companies, with a stated intent to serve customers from incorporation through IPO and beyond.

A trading and settlement module connects nominee, broker and paying-agent functions so participants can exercise options or release RSUs, submit market orders and select methods such as "sell to cover", "sell all" or "hold all", with real-time status tracking for participants and administrators. Named integrations include Zedra for nominee shareholding, Winterflood for stock-market execution, Airwallex for payouts in 170 countries and more than 60 currencies, and Tapestry/ShareReporter for jurisdiction-specific withholding tax estimates. The company also cites 70+ HRIS integrations, country-specific compliance reporting, global mobility reporting, IFRS 2 expensing, multi-currency support, localised dashboards, SAML SSO and role-based access control.

Ledgy publishes customer-facing content including an annual "State of Equity" report and runs Edge, an annual summit for equity professionals in Europe.

Founding story

Ledgy was founded in 2017 in Zürich by a group of physicists who met at ETH Zürich. According to the company, they had observed that companies were granting equity to attract and retain staff while the tools for managing it remained outdated and opaque, producing confusion rather than alignment. Co-founder Yoko Spirig, who served as CEO through at least 2022, studied physics at ETH Zürich, Oxford University and CERN and was project lead on Swissloop, described as Switzerland's first Hyperloop research initiative. Investor coverage of the 2022 Series B names Spirig, Ben-Elias Brandt and Timo Horstschäfer as founders.

Business model

B2B software-as-a-service sold to companies that administer equity and other non-cash compensation programmes, with tiered offerings including an Enterprise plan that comes with expert-supported onboarding and data migration.

Subscription software licensing to corporate customers; the company reports reaching profitability in 2025.

Traction

At the time of the September 2022 Series B, the company reported double-digit monthly growth over the prior 12 months, headcount growth from 15 to 65 employees, and more than 2,500 customer companies in over 45 countries. Company materials later cite 75+ team members, thousands of customer companies globally and profitability reached in 2025. A customer reference from Revolut describes issuing over 7,000 awards to about 4,000 employees in a single half-year grant cycle with roughly 20 employee queries.

Latest developments

Company materials dated 2026 describe an expansion into executive compensation — combining equity, deferred compensation fund plans and carried interest in one platform — plus a build-out for publicly listed companies, trading and settlement with global payouts, the State of Equity 2026 report, and additions to the leadership and strategic council including Emilie Sylvester as Tax & Compliance Lead (announced May 2026). Armon Bättig is identified as Co-Founder & CEO, succeeding Yoko Spirig, who held the CEO role at the time of the 2022 Series B.