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Ledgy’s platform today covers tools for finance, HR, legal and VC teams as well as employees themselves, and is used both to provide a snapshot of the state of a company’s equity at a given moment, and to help employees and companies manage what they may choose to do with that over time. While a number of companies like Carta, and more recently AngelList and Pulley (respectively valued at $6.8 billion, $4 billion, and up to $300 million for the younger Pulley) continue to make waves in the U.S. market, Ledgy has spotted an opportunity to build for scenarios where companies want to provide international employees with equity and need to balance the differences in regulations and culture when doing so. Ledgy, a startup out of Zurich that builds cap table management software specifically for companies and their employees working across multiple countries, has raised $22 million, a Series B that it is using for hiring, further product development and to bring on more users. We are starting to see a lot more European startups opting to remain in Europe to raise funding and scale rather than transplant to the U.S. as they would have been expected to do in the past, and with that the issue of equity awards for those companies’ employees is only growing.