10 Best Cap Table Management Software of 2026

Mantle sets its prices by the features you need, not by how many people hold equity, and that is the core of its pitch. Every plan, including the free Starter tier, has unlimited stakeholders and unlimited admin seats, and Starter already handles common shares, options, SAFEs, warrants, notes and RSAs. Founders can issue SAFEs from built-in YC templates with native e-signature and model both SAFE and priced rounds, then export a pro forma cap table for investors. Essentials, at $1,200 per year, adds concierge migration, a one-time cleanup, preferred shares, board resolutions, in-platform exercises and HRIS sync. Growth, at $3,000 per year, adds an annual 409A valuation and SOC 2 Type 2 report access. The gaps show up later in a company's life: ASC 718 expense reporting, Form 3921, QSBS and Rule 701 tracking only arrive on the custom Growth+ tier. For a startup between incorporation and Series A, the combination of a no-cap free plan and published flat prices is the strongest value we compared.

Cake Equity covers the full early-stage equity cycle in one place: the cap table, SAFEs and convertible notes, option and RSU grants, and the 409A valuations that set strike prices. Its pricing page is unusually clear. The free plan covers 5 stakeholders, Build costs $1,000 a year for 25 and includes templated option grants, board approvals, fundraising modeling and integrated e-signing, and Team costs $2,750 a year for 40 stakeholders with two 409A valuations included. Team also adds a full contract editor for SAFEs, options and RSUs, integrated option exercising, warrants and AI access through MCP, so a founder can query the cap table from Claude or another assistant. Pro, priced on request, adds audit-ready ASC 718, Form 3921 and Rule 701 reporting plus a dedicated Slack channel. Cake also lists country pages from the US and UK to Australia and Singapore, which helps distributed teams. The main limits are the small free tier and add-on fees for QSBS and SPVs on lower plans.

Eqvista pairs a cap table platform with an in-house 409A valuation practice, and its pricing page shows exactly what each costs. The Freemium plan is free under 20 stakeholders and covers cap table and ESOP management, vesting schedules, stakeholder accounts and a data room. Premium costs $2 per stakeholder per month and adds e-signed certificates and SAFE agreements, board resolutions and voting, Rule 701, Form 3921, waterfall exit modeling and funding round modeling. The 409A bundle starts at $990 per year for pre-revenue companies and rises by stage to $2,590 for Series A, with unlimited 409A updates and Premium included. Add-ons such as QSBS attestation from $1,000 and ASC 718 from $500 are also listed. Eqvista says more than 25,000 companies use it. The trade-offs are custom pricing beyond 50 stakeholders and a busier product than the newest tools here, so it rewards founders who care more about price than polish.

Qapita serves startups, listed companies and funds, but its startup pricing is laid out plainly. Spark is free for companies with up to 25 stakeholders and less than $1M raised, and covers cap table and equity plan management, scenario modeling, a data room and standard reports. Surge costs $1,600 per year for 40 stakeholders plus $40 for each extra, and adds DocuSign for grants and certificates, exercise and surrender workflows, board consents, a custom report builder and onboarding help. Growth costs $3,000 per year for 50 stakeholders, then $60 each, and includes a 409A valuation report, 83(b) forms and Form 3921. Enterprise, on request, adds ASC 718 and IFRS reporting, SSO, custom admin roles and waterfall modeling. That ladder is close to Mantle's in price, though Qapita charges by stakeholder count above each limit. Its reach into listed companies and fund administration also means a startup can stay on the same platform for longer.

Carta is the most complete platform we compared and the one most investors already use. Its Launch plan is free for companies with up to 25 stakeholders and $1M raised, and covers cap table management, securities issuance, 83(b) forms, ISO management, SAFE modeling and SAFE fundraising and closings. Build, for up to 50 stakeholders, adds priced round modeling, Deal Pro Forma, Deal Closings and white-glove onboarding. Grow adds board meetings, Form 3921 and 409A valuations with audit support, and Scale adds ASC 718 and IFRS reporting, Rule 701, exit modeling, IPO advisory and SSO for admins. Carta is also a registered transfer agent with the SEC, so it can run option exercises, repurchases and stock transfers and handle ACH or wire payments. The drawback for a startup budget is that no paid prices appear on the pricing page, so comparing it with Mantle or Cake means requesting a quote. For companies expecting several rounds and an eventual IPO, the depth is hard to match.

Ledgy grew up serving European startups and now covers private and listed companies, which shows in its feature list. The free Launch plan includes cap table management for up to 50 stakeholders, equity plans and grants with simple vesting, and stakeholder dashboards. Scale, which Ledgy prices from €5k per year, adds a data room, unlimited collaborators, multi-entity cap tables, full transaction history, offboarding workflows and more than 70 HRIS integrations, including BambooHR, Personio, HiBob, Workday and Deel, plus DocuSign. Enterprise, from €18k per year, adds performance-based vesting, global mobility reporting, a GraphQL API and dividend workflows. A financial reporting add-on handles share-based payment expensing with Black Scholes valuations, and Ledgy Agent and MCP let teams query live equity data. For public companies it adds share plan administration, trading and settlement. Prices are published only in euros, so US startups will need a dollar quote, and valuations are a separate add-on rather than bundled.

Astrella takes the opposite approach to tiered rivals: every feature is available in every package, and you pay by stakeholder band. Early Stage costs $1,200 per year for up to 25 stakeholders, Emerging $3,200 for 26 to 100, and Accelerate $8,200 for 101 to 300, with custom pricing above that. All packages include cap table management, round and exit modeling, DocuSign signatures, document management, equity tracking for options, RSAs and PIUs, SAFE and warrant tracking, BoardNotes, ASC 718 and IFRS reporting, and full-service onboarding with a dedicated implementation manager plus unlimited hotline support. That makes it one of the few entry plans here with ASC 718 included. The catches are that there is no free tier, and the 409A valuation, 83(b), HRIS and corporate action services are add-ons you price by talking to the team. Astrella is run by EQ Private Company Solutions, so support and onboarding are its strengths rather than self-serve speed.

Capbase is less a pure cap table tool than a back office for the first years of a startup. Its single Early Stage Startup plan costs $999 per year and covers incorporation, stock issuance, board setup and a cap table that fills itself in as shares are issued and deals are executed. The same subscription includes employee stock plans with option issuance, an investor CRM with a Chrome extension, digital fundraising with term sheets and electronic wire transfers, document sharing for due diligence and a compliance calendar for state and federal deadlines. Capbase also lists perks from partners such as Mercury, Brex, Deel and AWS. That breadth is the appeal for a first-time founder who would otherwise juggle a lawyer, a spreadsheet and a separate CRM. The limits are clear too. There is no free plan, the pricing page does not list a 409A valuation, and the reporting depth that auditors ask for later, such as ASC 718, is not described.

Gust Launch is aimed at founders who have not yet formed a company. The Start plan, $450 per year, forms a Delaware C-corporation with a registered agent, sets up bylaws and the board, issues founder stock with 83(b) elections and keeps an automatically managed digital cap table. Accelerate, $1,250 per year, adds unlimited SAFEs and convertible notes with pre- and post-money caps, cap table modeling and unlimited NDAs, contractor and advisor agreements. Raise, $3,500 per year, adds an equity incentive plan, a 409A valuation, option issuance and option exercise. Gust also introduces founders to startup law firms that waive the initial retainer. This makes Gust a sensible first step for a two-person company, but its feature list stops where growing startups start to need more: there is no mention of ASC 718, Form 3921 or HRIS sync. Most companies will move to a dedicated cap table platform after a priced round.

Shareworks is Morgan Stanley at Work's equity compensation platform, and it is built for companies further along than most on this list. Morgan Stanley describes it as one integrated platform for private and public companies, so a company can keep the same administrator through an IPO. For private companies it lists equity administration, liquidity support and 409A valuations. Its sandbox test site lets plan administrators model new grants, budget expenses and compare forecasting scenarios, and the platform tracks tax rates and rules across jurisdictions for global teams. HRIS data flows in by API, and reporting covers events such as 409A valuations and Section 16 filings. Liquidity event support and secondary transactions are a real draw for late-stage companies running tender offers, and employees get a financial education program. For an early startup, though, it is more than needed: there are no published prices, no self-serve plan and setup runs through a sales process.