Ledgy review

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.

Who it is for

European and international startups that want deep HRIS automation and a platform that continues after an IPO.

Price

Launch free up to 50 stakeholders; paid plans quoted in euros; See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Free Launch plan with cap table management, equity plans, grants and simple vesting
• 70+ HRIS integrations on Scale, including BambooHR, Personio, HiBob, Workday and Deel
• Financial reporting add-on with Black Scholes valuations and tranche-level expensing
• Ledgy Agent and MCP for questions and admin tasks on live equity data
• Share plan administration, trading and settlement for public companies

Strengths and weaknesses

• Strength: Free plan covers up to 50 stakeholders, more than Carta or Cake
• Strength: Broad HRIS integration list automates grants and leavers
• Strength: The same vendor handles IPO preparation and public company share plans
• Weakness: Paid plans are priced in euros, Scale from €5k per year
• Weakness: No published USD prices for paid plans
• Weakness: Valuations and financial reporting are add-ons

Key facts

• Launch: Free, up to 50 stakeholders
• Scale: From €5k per year
• Enterprise: From €18k per year, 200+ stakeholders
• HRIS integrations: 70+
• Headquarters: Ledgy AG, Switzerland

Where it ranks

Ledgy is No. 6 in our Best Cap Table Management Software verdict.