Top 10 Cap Table Management Software in 2025

“The Tools You Choose Shape the Future You Build”

Are you still managing your cap tables with spreadsheets? 

While they may seem convenient, spreadsheets can quickly become a liability. 

The reasons are human errors, missed updates, and limited scalability, which create inefficiencies and risks that only grow as your business scales in terms of the size and volume of the issued capital.

Tracking shareholder data, managing employee stock options, and ensuring compliance requires precision and flexibility—capabilities spreadsheets simply can’t offer. Effective cap table management can address all these challenges by:-

• Saving time through automatic calculations and real-time updates of the data uploaded.
• Increasing transparency for investors and stakeholders, thus forming better customer trust.
• Improving decision-making with clear equity insights.

But if you’ve hesitated to adopt cap table management software, you’re not alone. 

Concerns about cost, data migration, or making a change are common. However, the challenges of manual processes that are scattered records, time-consuming calculations, and lack of transparency increase as your business grows.

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What is a Cap Table Management Software?

Cap table management software is a digital solution that tracks, manages, and organizes a company's equity ownership structure that includes:

• Shares
• Options
• Warrants
• Convertible securities

Modern businesses choose these platforms to replace traditional spreadsheets that were prone to errors, which ensures accurate equity records while helping with complex calculations and compliance (legal) requirements that arise during company growth, dilution, and fundraising.

Consider this scenario

Two high-growth startups receive equal Series A funding. The first uses advanced cap table software to track every equity transaction, instantly calculate dilution, and maintain clear ownership records. 

The second relies on spreadsheets, manually updating data and struggling to reconcile conflicting versions. 

During their Series B raise, the first startup presents investors with accurate, real-time equity data and closes the round in weeks. 

The second faces delays as investors question discrepancies in ownership records, ultimately losing valuable investor confidence. 

This real-world impact of proper cap table management often determines a company's ability to scale efficiently.

Here is the list of essential features a Captable Software should offer:-

• Should offer real-time equity tracking with automated dilution calculations
• Waterfall analysis for various exit scenarios
• Compliant document generation for all equity transactions
• Secure stakeholder portal with role-based access controls
• Complete audit trails for equity-related changes
• Automated regulatory reporting and compliance checks
• Historical record maintenance of all transactions

In this article, we compare the top 10 cap table management software and help you choose the best option for your startup. 

Below is a quick comparison table of all the solutions discussed in this article.

And now, let’s cover all these platforms in detail:-

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1. Qapita

Qapita is a cap table software that is designed to simplify equity management for startups and growing businesses. It offers a centralized platform for:

• Helps in centralizing cap table tracking, shareholder communications, and compliance.
• Helps to eliminate errors and reduces manual effort that is prone to mistakes.
• Saves time and enhances working efficiency.
• As the data gets processed Qapita provides real-time updates.

Qapita is designed for scaling companies that helps in ensuring accuracy and precision as equity structures are growing more complex with an increased number of people who are investing now.

The software simplifies the management of ownership, stock options, and investor relations, which gives a space to focus on growth.

While leaving the complexities of equity management to the software.

Here is the table to understand the features of Qapita, so you can make better decisions.

Why Should You Choose Qapita?

Qapita comes with an equity management platform that helps in complex cap table management, ESOP administration, and liquidity solutions while ensuring compliance.

It stands as a pillar for private market companies to be more efficient and have a proper system across the entire equity management journey. 

With this technology and deep domain expertise, Qapita helps deliver accuracy, transparency, and seamless stakeholder collaboration that transforms equity management from a burden into a strategic advantage for the companies.

Pricing for Qapita

Qapita offers a free plan with features like basic equity management for up to 5 stakeholders, making it ideal for early-stage startups. For more advanced and specific features, you can choose:

• Standard Plan: Priced at $600/year with a one-time onboarding fee of $250, supporting up to 50 members.
• Professional Plan: Custom pricing for Series B+ startups and scaleups that offer tools for managing equity structures.
• Enterprise Plan: Specially designed for Unicorns and pre-IPO companies, this plan provides customized features for high-stakes equity management.

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2. Pulley 

Pulley is a cap table management platform that has been designed to simplify and optimize equity management for startups and scaling businesses. 

It helps and enables companies to manage ownership structures, employee stock option plans (ESOPs), and investor relations with crustal clear precison. 

Pulley stands out for its ability to:

• Helps in handling complex cap tables with features like waterfall analysis and scenario planning.
• Pulley simplifies ESOP management with automated grant tracking and compliance.
• It provides real-time updates and detailed reports after uploading data.
• Pulley integrates seamlessly with accounting and payroll systems to ensure easy operations. 

It helps teams and businesses to manage equity with transparency while supporting fundraising and long-term planning efforts.

Below is the table for you to understand the features of Pulley better and make informed choices.

Why Should You Choose Pulley?

Pulley helps ease equity management with features like waterfall analysis and scenario planning, which offer precise data analysis used for scaling businesses. 

Pulley eliminates complexity, ensures transparency, maintains compliance, and integrates perfectly with payroll and accounting systems that can help businesses to make efficient decisions and save time.

Pricing

Pulley offers no free plan but provides two paid options:

i) Startup plan at $1200/year for up to 25 stakeholders 

ii) Growth plan at $3500/year for up to 40 stakeholders

Both plans include key features like cap table management and equity tracking. Custom pricing is available for businesses with more specific needs.

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3. AngelList Stack

AngelList Stack is an all-in-one platform that is designed to help in the operations of early-stage startups by adding fundraising, equity management, and banking into a single system. 

It provides startups with tools to efficiently manage their cap tables, be compliant, and facilitate smooth investor relations.

AngelList Stack stands out for its unique capabilities:

• Simplifies fundraising with tools for SAFE (Simple Agreement for Future Equity) generation, signing, and tracking.
• Automates cap table updates and ensures compliance with regulations.
• Offers integrated banking services, including startup-friendly accounts and expense tracking.
• Provides real-time data visibility, ensuring transparency for founders and investors.

AngelList Stack is built for early-stage startups aiming to focus on growth while reducing operational complexities. Centralizing essential functions allows founders to manage fundraising, equity, and banking effortlessly while maintaining precision and transparency.

Below are the features that can let you discover why you should choose AngelList Stack.

Why Should You Choose AngelList Stack?

AngelList Stack is known for its unique ability to combine fundraising, cap table management, and integrated banking into a single platform. Unlike other tools, it simplifies SAFEs, automates compliance, and provides real-time ownership details, giving startups an edge in managing equity with precision and transparency while saving time and reducing operational complexity.

Pricing

AngelList Stack doesn’t offer a free plan or trial but provides tiered pricing based on the number of members. Here are the available options:

• $1600/year for up to 20 members (investors go free).
• $3200/year for up to 30 members (investors go free), with free 409A.
• $5600/year for up to 30 members (investors go free), with free 409A and free RUV.

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4. Carta

Carta is an equity management platform designed to help with the difficulties of cap table management, valuations, and equity plans for both private and public companies. 

It helps businesses to properly manage ownership structures, employee stock options, and investor relations with crystal clear precision.

Carta works seamlessly with accounting and payroll systems, ensuring a smooth operation. It is best suited for companies aiming to manage equity structures without complexities, supporting fundraising and long-term planning efforts.

Let’s take a closer look at Carta's core features and integration capabilities.

Why Should You Choose Carta?

Carta works with seamless equity management, 409A valuations, and real-time cap table updates, helping your business with compliance, transparency, and scalability all in one single platform designed to simplify complex operations and fuel growth with precision.

Pricing

Carta offers a free plan called the Launch Plan for up to 25 stakeholders, making it a good fit for early-stage companies needing basic cap table management.

For growing businesses, the pricing plans are:

• Starter Plan: $2800/year for up to 50 stakeholders, with added features like 409A valuations.
• Scale Plan: Pricing ranges from $6k to $77k/year, offering advanced tools for larger companies.

Other prices and plans are available on request.

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5. Equity List 

Equity List is a platform designed to simplify the management of equity for startups and growing businesses. 

It helps businesses easily control ownership structures, employee stock options, and investor relations, ensuring precision and transparency.

Let’s take a closer look at the core features and integration capabilities:

Why Should You Choose Equity List?

Equity List is known for its seamless integration with financial systems, real-time equity tracking, and automated ESOP management. It offers a simple, clean, and precise outlook, transparent ownership data, and ensures compliance, making it an all-in-one easy-to-use platform. It is designed to make equity management for startups and growing businesses easier, enabling smooth investor relations and long-term scalability.

Pricing

EquityList offers a Free Plan that is available for companies with up to 25 stakeholders and less than $1 million in funding, offering basic equity management features. 

For more advanced needs, there are custom pricing plans:

• Seed Plan: Custom pricing. Designed for early-stage companies.
• Rise Plan: Custom pricing. Advisable for growing businesses.
• Scale Plan: Custom pricing. Built for larger companies with complex equity structures and compliance needs.

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6. Cake

Cake is a cap table management software designed for startups and growth-focused companies looking to ease their equity management and fundraising efforts. 

Cake stands out for its ability to combine simplicity with powerful features, making it an ideal choice for businesses that understand early-stage equity challenges. 

With its unique focus on enabling equity participation across teams and simplifying fundraising for founders, Cake is purpose-built to empower companies as they scale.

Let’s take a closer look at the core features and integration capabilities Cake has to offer:

Why Should You Choose Cake?

Cake is known for its intuitive design, features, and startup-focused tools to simplify equity management and fundraising. Cake helps automate cap table updates, streamlines ESOP creation and tracking, and provides real-time scenario modeling.

That helps you to make data-driven decisions with confidence. Its seamless integration with financial systems and compliance tools ensures accurate, hassle-free operations. 

Pricing 

Cake offers a free plan for up to 5 stakeholders. 

For businesses that require more features, the following paid plans are available:

• Starter Plan: $50/month for up to 25 stakeholders, with an additional $3.75 per extra stakeholder.
• Growth Plan: $100/month for up to 30 stakeholders, with an additional $6.25 per extra stakeholder.
• Pro Plan: Custom and tailored pricing.

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7. Trica

Trica is an advanced equity management platform designed for startups and fast-growing businesses in the USA and beyond. 

Designed to simplify complex equity processes, Trica specializes in cap table management, ESOP creation, and investor relationship management. What sets Trica apart is its region-specific focus, offering tools catering to emerging markets' unique compliance and legal requirements.

Let’s take a closer look at the core features and integration capabilities:

Why Should You Choose Trica?

Trica is known for its region-specific focus and cutting-edge features that simplify cap table management, ESOP administration, and investor relations. Trica stands out with its user-friendly design, compliance tools tailored to emerging markets, and powerful scenario modeling to guide strategic decisions. 

With integrations, real-time insights, and a user-friendly interface, Trica helps startups and growing businesses manage equity with confidence and transparency. 

Its unique ability to combine innovation with regulatory compliance makes it the ultimate equity management solution for companies aiming to scale efficiently.

Pricing

Trica does not offer a free plan, but it provides the following pricing options:

• Starter Plan: $100/year for up to 10 stakeholders, perfect for small startups.
• Standard Plan: $500/year for up to 30 stakeholders, which is perfect for growing businesses.
• Enterprise Plan: Custom pricing. Tailored for larger companies with more complex needs.

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8. Shareworks

Shareworks is an equity management solution designed to simplify ownership tracking, streamline employee stock option plans (ESOPs), and provide clear insights into equity data. 

It caters to businesses of all sizes, from startups to established enterprises, delivering transparency and precision in managing complex equity structures.

Let’s take a closer look at the core features and integration capabilities that Shareworks offers.

Why Should You Choose Shareworks?

Shareworks is known for its powerful equity management solution that grows with your business. With features like comprehensive cap table management, ESOP administration, real-time reporting, and integrations with payroll and accounting systems, Shareworks provides a centralized platform to manage your company’s equity with accuracy and transparency.

Its interface makes it easy for teams to collaborate and make decisions, while its automated compliance tools ensure you stay on top of regulatory requirements. 

Whether you're a growing startup or an established enterprise, Shareworks helps you ease the operations, mitigate risks, and stay compliant, making it the ultimate choice for managing your equity structure.

Pricing

Shareworks does not offer a free plan, but it provides a Basic Plan starting at $3 per month per feature, designed for smaller companies with basic equity management needs. 

For larger businesses with more complex equity requirements, Shareworks offers custom pricing for different organizations that offer advanced equity compensation and compliance features. 

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9. Mantle

Mantle is an equity management platform tailored for businesses to handle their cap tables, employee stock options (ESOPs), and investor relations properly. 

Let’s take a closer look at the core features and integration capabilities that Shareworks offers:

Why Should You Choose Mantle?

Mantle is known for its comprehensive, automated equity management platform that streamlines ownership tracking, investor relations, and legal compliance. With funding dashboards, customizable equity plans, and real-time reporting, Mantle offers businesses easy solutions to manage their equity efficiently and accurately. 

The platform’s seamless integrations with payroll, accounting, and fundraising systems ensure smooth operations, while its investor engagement tools provide transparency and clear communication. 

Pricing

Mantle offers a free plan for the first year with unlimited stakeholders, making it ideal for early-stage companies. After the first year, paid plans start at $100 per month for unlimited stakeholders. These plans include features such as cap table management, forecasting, and LP automation. 

Mantle also provides special pricing for startups, non-profits, and educational institutions.

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10. Ledgy

Ledgy is an equity management platform designed to streamline cap table management, ESOPs, and investor relations for growing companies. 

With an easy-to-understand interface and powerful tools, Ledgy simplifies the complexities of equity management and ensures precision as businesses grow.

Let’s take a closer look at the core features and integration capabilities that Ledgy offers.

Why Should You Choose Ledgy?

Ledgy is an automated equity management, real-time cap table updates, and seamless ESOP tracking. Its scenario simulation helps you model funding rounds and dilution, while integration with payroll and accounting systems ensures smooth workflows. 

Ledgy simplifies equity management for scaling companies with precision and transparency.

Pricing

Ledgy offers a free plan called the Launch Plan, which is perfect for startups in the early stages. This includes cap table management, equity plans and grants, employee dashboards, and investor relations features.

For businesses with complex needs and big organization sizes, Ledgy provides the following paid plans:

• Growth Plan: Starting at €75 per month ($93), this plan includes all features from document automation, e-signing, compliance reports, and valuation services.
• Scale Plan: Designed for companies with a minimum of 50 stakeholders, this plan offers additional features like 50+ HR integrations, e-signing integrations, offboarding automation, exit waterfall modeling, and operational reports.
• Enterprise Plan: Tailored for companies with more than 200 stakeholders, this plan includes all Scale Plan features, along with enhanced security, control, and support.

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Must-have Features in Cap Table Software

Managing equity gets complicated pretty quickly as companies grow. However, having the right tools and techniques can make it easy to handle. 

Let take a look at key features you should look for in an equity management platform and why they matter:-

i) Share Tracking

Share tracking gives transparency into who owns how much equity. From issuing new shares to tracking transfers and cancellations, everything is monitored in real time.

It’s like having a live dashboard that keeps your cap table neat and updated, saving you the hassle of manual calculations and human errors that can creep into basic Excel sheets.

Not to mention, automated dilution calculations and waterfall analysis are baked right in. So, whether you’re dealing with common shares, options, warrants, or convertible instruments, the platform should give you insights into everything.

ii) Compliance & Reporting

Keeping up with legal and financial compliance can be a headache, yet a necessity to avoid falling into legal trouble. However, with the right tools, it’s less daunting. 

The platform should be able to take care of everything from valuations to documentation, making sure you’re always audit-ready and not prone to any risk.

• 409A Valuation Support - Automated 409A valuation tracking ensures your business complies with tax regulations to avoid surprises down the line.
  
  
• SEC Compliance and Reporting Tools - Everything from generating essential tax forms (like 83(b) and K-1) to tracking board approvals, all of the activities and steps are handled in one place, ensuring nothing slips your books.

iii) Scenario Modeling

Scenario planning is basically imagining "what if" scenarios for the future, like what happens if you raise a new funding round or adjust your option pool, so you can see the potential outcomes and plan smarter.

Whether you’re calculating pre- or post-money valuations or assessing the impact of a new option pool, it gives you a clear picture of the road ahead.

iv) Stakeholder Portal

Transparency is the number one key to doing fair and clean business matters, especially with your investors and key stakeholders. The portal should give you secure access to equity information and simplify communication. 

Plus, features like e-signatures and automated notifications mean fewer delays and smoother processes for the transfer, selling, and buying of equity. 

v) Document Management

Think of this as your digital filing cabinet as an organized, secure hub where all your equity-related documents are stored in one place. It not only keeps everything centralized but also tracks changes in equity and investor relations, so you can see who made updates and when. With built-in audit trails, the software ensures accountability and transparency for every document. 

vi) Security Controls

Your data needs to be protected at all costs and deserves top-notch protection. From SOC 2 compliance to multi-factor authentication and data encryption, every layer in cap table management software is designed to keep information safe. Regular auditing of the documents and backups adds an extra layer of confidence for you and your investors.

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Conclusion

A cap table management platform isn't just about handling numbers; it's about easing your equity management, staying compliant with legal regulations, and scaling without issues as your company grows.

Here’s a quick checklist to choose the best-suited solution for your business:-

• Scalability: Does the platform grow with you as your team and investor base expand, as more equity dilution and new funding take place?
• Cost-Effectiveness: Make sure the pricing aligns with your budget without cutting corners on key features. Choose the one that offers the most essential features for your business.
• Integration: Make sure the cap table software smoothly connects with your other essential systems (HR, accounting, payroll, etc.).
• Compliance: Look for built-in tools to keep your business compliant with legal and tax regulations to avoid future lawsuits.
• Security: Prioritize top-notch security measures like encryption and secure document storage.
• User-Friendly Interface: Make sure the platform is easy to navigate for your team and investors so investors do not feel any complexity while accessing data.
• Customer Support: Software are prone to technical issues and glitches. Ensure there’s quick access to helpful support whenever you need it.

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Frequently Asked Questions

1. What is the average cost of cap table management software?

The cost of cap table management software typically varies depending on the features and the size of the organization. Basic plans are priced around $50 to $100 per month, and Professional plans with advanced features range from $100 to $150 per month. 

2. How does cap table software improve equity management?

Cap table software simplifies equity management by automating tracking ownership, managing employee stock options, and updating cap tables in real time. Reporting features allow stakeholders to access critical equity information quickly, fostering informed decision-making and collaboration among founders, investors, and employees.

3. Can I switch between cap table management platforms?

Yes, switching between cap table management platforms is possible and relatively straightforward with proper support. 

4. What security features should I look for while choosing a cap table management software?

Security is paramount when selecting cap table management software, as it handles sensitive equity and financial data. End-to-end encryption to protect data in transit and at rest is a must-have feature. Additionally, platforms should have audit trails for transparency, multi-factor authentication for added security, and compliance certifications like GDPR, SOC 2, or ISO 27001 to ensure adherence to global security standards.