Best Cap Table Software 2024

Whether you're a startup looking to attract investors or a well-established enterprise aiming to streamline your equity management, having the right tools can make all the difference. In 2024, the landscape of cap table software continues to evolve, offering new features and capabilities to meet the diverse needs of businesses worldwide. 

In this comprehensive guide, we delve into the best cap table software solutions available in 2024.  

Best Cap Table Software 2024

‍1. EquityList

EquityList is a comprehensive equity management platform designed for modern companies. 

Our platform is designed to ensure an intuitive user experience, aligning departments such as departments such as HR, Legal, and Finance. Backed by top-tier customer support, as reflected in our G2 reviews, we offer swift onboarding (companies have been onboarded in under 24 hours).
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Understanding the challenges of cross-border operations, EquityList has built specialized features for different regions to comply with their local regulations. 

• For Indian companies: complete electronic share register with dematerialisation as a service.
• United States: streamlined and audit-ready 409A reports, ISO/NSO/INTL grants, federal exemption tagging, and more.
• For emerging markets like Southeast Asia and MENA: adding tax slabs and multi-entity management for holding structures.

These distinct functionalities and experiences make the following activities on the platform friction-less:

• Managing cap table with precise tracking of valuation history.
• Storing share classes and digital certificates securely.
• Simulating fundraising scenarios.
• Administration of ESOPs, SARs, RSU, or RSAs.

EquityList manages over 300+ companies across India, Southeast Asia, MENA, and the U.S. We oversee more than 25,000 stakeholders and manage approximately $2 billion worth of equity for these clients.‍

Pros and Cons of EquityList

On G2, EquityList stands out with the highest number of positive reviews specifically for its user-friendly interface and exceptional customer support compared to other listed platforms. 

However, users transitioning from other platforms often find manual operations time consuming. To ease this transition, our account managers take care of importing and preparing all your data on our platform, ensuring a smooth and efficient setup process.

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Pro tip: EquityList is the only platform mentioned here that offers a free version of the software for smaller companies with fewer than 25 stakeholders and less than $1 million raised.

Cap table management is critical for businesses, far surpassing spreadsheets in effectiveness. Yet, smaller companies often struggle to transition to platforms due to budget constraints. We aim to remove these barriers, fostering their growth and encouraging their return for the paid version when they're ready.

Starter plan: Plans on EquityList start as low as $11 per stakeholder/year.

‍2. Carta

Established in 2012, Carta has become a dominant force in the United States market.

In addition to its core function of managing equity for companies, Carta also specializes in venture capital fund administration and formation.

With a significant market presence, Carta serves over 40,000 companies and supports more than 2.3 million equity holders. Their platform has facilitated valuations exceeding $2.5 trillion in private assets.

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Pros and Cons of Carta

Carta is better-suited for large US enterprises because of its comprehensive features like ACH and wire transfers, dedicated audit support, etc. However, these advanced functionalities may not be essential for small to medium-sized companies, potentially making Carta more costly for them.

Despite its strengths, Carta's extensive client base sometimes impacts the promptness of its customer support. The high demand for their services can occasionally lead to delays in resolving customer queries and issues.

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‍Starter plan: Carta hasn’t mentioned its pricing on their website but it is known to be relatively expensive.

‍3. Pulley

Pulley serves as a cohesive platform that aligns employees, investors, and essential departments such as HR, Legal, and Finance. Notably, it assists web3 native companies with token distribution strategies and offers tailored solutions for private equity firms.

Pulley does not offer a free plan. 

Pros and Cons of Pulley

Based on their G2 reviews, their customer support is extremely helpful and the platform is easy to navigate, however, they do have limited features.

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Starter plan: For a minimum of 25 stakeholders, Pulley’s  basic plan starts at $1200/yr.

‍4. Ledgy

Founded in 2017 by Yoko Spirig, Ben Brandt, and Timo Horstschaefer, who met while studying physics at ETH Zürich. They observed that many European companies struggled with managing equity plans effectively, leading them to create Ledgy. 

Ledgy aims to simplify equity management, making it more understandable and beneficial for companies and their employees. It empowers teams with efficient communication and quick setup for ongoing value.

Pros and Cons of Ledgy

According to users, Ledgy is user-friendly but features a complex ESOP management and reporting structure. However, the limited number of reviews on their profile makes it difficult to reach a definitive conclusion.

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Starter plan: Ledgy’s plan starts from €3 per stakeholder / month ( €36 per stakeholder / year).

To summarize, each software listed above has its strengths and weaknesses. It's important to align your specific requirements with what each platform offers before making a decision.

Enterprises prefer Carta because of their complimentary product offerings and also because they can afford to spare multiple thousands of dollars. Meanwhile, Ledgy and Pulley cater to a niche market.

When it comes to EquityList, we focus on democratizing cap table management in the U.S by being a value for money option offering unique features like multi-entity management, which simplify handling complex holding structures with subsidiaries in different locations.

In emerging markets, we are launching geography specific functionalities like - Dematerialisation for India. 

If you would like to know more about EquityList, book a demo with us now.