Ledgy Review: Achieve Seamless Equity Mergers & Global Compliance

Equity chaos slowing you down again?

If you’re dealing with clunky spreadsheets or constant compliance headaches, it’s probably why you’re looking into Ledgy as a solution right now.

The truth is, managing cap tables and employee equity can lead to costly errors and endless admin work that eat away at your day.

Ledgy tackles this mess with powerful automation for equity plans, real-time cap tables, audit-ready reporting, and transparent dashboards your employees will actually understand—way beyond the basic spreadsheet upgrades you’ll find elsewhere.

In this review, I’ll break down how Ledgy makes equity a strategic advantage for your team, not a daily pain.

You’ll get a real look at features, pricing, implementation nuances, and how Ledgy compares to Carta, Pulley, and others—so you can evaluate with confidence in this Ledgy review.

Expect straightforward pros and cons plus the features you need to make a smart decision for your company’s future.

Let’s get started.

Ledgy Overview

Ledgy’s mission is to simplify equity ownership for scaling companies. Based in Zurich, they’ve been around since 2017, founded by a team that met while studying at ETH Zürich.

I find they focus on startups and high-growth tech companies that have outgrown messy spreadsheets. Their platform is built from the ground up to handle complex ownership structures and international employee option plans with ease.

Their recent $22 million Series B funding shows strong market confidence. You can see how that investment impacts the platform’s development through this Ledgy review.

Unlike its main competitor, Carta, which can feel overwhelming, Ledgy really stands out with its more intuitive and accessible interface. To me, it feels built by founders for founders and their teams.

They work with a lot of European tech and biotech scale-ups. I see them as a great fit for companies expanding internationally who need a solid, compliant solution for managing equity across borders.

I believe Ledgy’s strategic priority is making equity transparent and tangible for every single employee. This directly helps you attract and retain top talent by turning complex ownership into a meaningful, understandable benefit.

Let’s dive into their core features.

Ledgy Features

Struggling with complex equity management?

Ledgy features are designed to simplify cap table management, automate equity plans, and boost employee engagement. Here are the five main Ledgy features that solve critical equity challenges.

1. Cap Table Management

Is your cap table still stuck in a spreadsheet?

Manual cap table updates often lead to errors and consume valuable time. This can cause significant compliance headaches, especially as your company grows.

Ledgy transforms your static spreadsheets into a dynamic, real-time cap table, ensuring accuracy and audit-readiness. From my testing, digitizing historical data for a clear overview is where this feature truly shines. It eliminates the manual errors that can plague fast-growing companies.

This means you get a live, accurate view of equity distribution, freeing up your finance team to focus on strategic initiatives.

2. Equity Plan Automation

Tired of juggling complex vesting schedules manually?

Managing employee stock options and diverse vesting triggers can be an administrative nightmare. This often leads to compliance risks and frustrated HR teams.

Ledgy automates the entire lifecycle of equity plans, from granting and vesting to offboarding. What I love about this approach is how multi-trigger vesting schedules are handled effortlessly, drastically reducing manual admin. It ensures compliance and saves countless hours.

The result is your team can set up automated processes, ensuring smooth, compliant equity operations without the manual burden.

3. Employee Engagement & Dashboards

Do employees actually understand their equity value?

A lack of transparency around equity can lead to disengaged employees and missed opportunities for talent retention. This often means your team doesn’t feel true ownership.

Ledgy offers intuitive, personalized dashboards that make equity tangible for every employee. Here’s what I found: employees can simulate exit scenarios to understand potential future value, a powerful engagement tool. This feature boosts confidence and aligns teams.

So, you can foster a stronger sense of ownership, which is key for attracting and retaining top talent in a competitive market.

4. Compliance & Reporting

Worried about staying compliant with global regulations?

Navigating diverse international regulatory requirements for equity can be daunting. This often puts companies at risk of costly non-compliance.

This Ledgy feature automates compliance reporting, supporting multiple jurisdictions and helping you stay IPO-ready. What you get instead is pre-built reports, like IFRS 2 expensing and UK Companies House, ensuring you’re always audit-ready. This is where Ledgy truly gets it right.

This means you can expand globally with confidence, knowing your equity operations adhere to all necessary legal and financial standards.

5. Investor Relations & Scenario Modeling

Struggling to present clear equity scenarios to investors?

Inefficient investor communication and complex fundraising modeling can slow down critical financial decisions. This often creates friction during funding rounds.

Ledgy facilitates investor relations with dedicated dashboards and robust scenario modeling tools. From my testing, the ability to map out different funding and exit scenarios is incredibly valuable for strategic decision-making. It streamlines due diligence and empowers founders.

This means you can confidently engage with investors, presenting clear, data-driven insights that accelerate fundraising and strategic planning.

These Ledgy features work together to create a holistic equity management platform that adapts to your company’s growth.

Ledgy Pricing

Tired of opaque pricing structures?

Ledgy pricing provides a clear, tiered structure, making it easy to understand the costs involved with managing your company’s equity.

Plan	Price & Features
Launch Plan	Free • Cap table management • Equity plans and grants • Employee dashboards • Investor relations • Custom preset views
Growth Plan	€900/year (or €75/month) • Up to 50 stakeholders • Unlimited collaborators • Document automation • Ledgy e-signing • Compliance reports
Scale Plan	€3,000/year • Unlimited stakeholders (min. 50 billed) • 40+ HR integrations • E-signing integrations • Offboarding automation • Exit waterfall modeling
Enterprise Plan	Custom pricing – contact sales • Granular access control • API access • Automated embedded option expensing • Concierge onboarding • Dedicated CX manager

1. Value Assessment

Understand what you’re paying for.

From my cost analysis, Ledgy’s tiered approach means you only pay for the features and scale your business truly needs. The clear progression through plans avoids overspending on unnecessary functionality, particularly for early-stage companies, helping your budget go further.

This helps your finance team align costs directly with growth, ensuring optimal budget allocation as you scale.

2. Trial/Demo Options

Evaluate before you commit.

Ledgy offers a free Launch Plan, essentially a perpetual free trial, allowing early-stage startups to use essential features without any cost. What I found particularly useful is that this free tier lets you manage core equity without any time constraints, unlike short trial periods.

This empowers you to thoroughly test the platform and ensure it fits your needs before considering a paid subscription.

3. Plan Comparison

Choose the perfect fit.

The Launch Plan is fantastic for early startups, while the Growth plan serves companies up to 50 stakeholders, automating key document workflows. Budget-wise, the Scale plan is excellent for robust integrations and advanced modeling for larger equity programs.

This tiered structure allows you to easily match Ledgy pricing to your current operational size and future growth projections.

My Take: Ledgy’s pricing model is highly adaptable, offering significant value from free to enterprise levels, making it a great fit for companies prioritizing scalable equity management.

The overall Ledgy pricing provides transparent, scalable value for growing businesses.

Ledgy Reviews

What do customers really think?

To give you a balanced view, I’ve analyzed numerous Ledgy reviews from actual users to understand what people truly experience with the software.

1. Overall User Satisfaction

Users generally express high satisfaction.

From my review analysis, Ledgy consistently earns positive ratings, particularly from startups and mid-sized companies. What I found in user feedback is that user-friendliness and comprehensive features are commonly cited reasons for high satisfaction, making it a reliable choice.

This suggests you can expect a smooth experience if you fit their target audience.

2. Common Praise Points

Its intuitive design wins users over.

Users frequently praise Ledgy’s intuitive interface, making complex equity management tasks much simpler. From the reviews I analyzed, the automation capabilities save significant time and reduce manual errors, a huge benefit for administrative efficiency.

This means your team can manage equity with less hassle and greater accuracy.

3. Frequent Complaints

Some reporting quirks occasionally surface.

While generally positive, some Ledgy reviews mention occasional issues with data skewing in the reporting system. What stands out in user feedback is how data upload and bulk updating can be tricky, causing temporary friction for some users.

These issues appear to be addressed proactively by Ledgy’s support, so they aren’t typically deal-breakers.

Overall, Ledgy reviews indicate strong core functionality despite minor reporting and data upload issues, reflecting a positive user sentiment.

Best Ledgy Alternatives

Navigating the best equity management software?

The best Ledgy alternatives include several strong options, each better suited for different business situations and priorities. I’ll help you decide which competitor fits your specific needs.

1. Carta

Managing a large, complex enterprise cap table?

Carta offers a more extensive suite of features, including investor relations tools and robust integration capabilities, making it suitable for larger enterprises. What I found comparing options is that Carta handles more complex equity structures across different jurisdictions, though it often comes at a higher price point.

Choose Carta if you’re a larger company with highly complex equity or extensive investor relations needs.

2. Pulley

Optimizing for early-stage startup fundraising?

Pulley focuses on streamlining fundraising processes and providing clear insights for founders, making it ideal for early-stage companies. From my competitive analysis, Pulley excels in fundraising scenario modeling for future rounds, though it may lack Ledgy’s broader compliance features for international teams.

Consider this alternative if your primary goal is optimizing fundraising and catering to early-stage startup needs.

3. Shareworks by Morgan Stanley

Are your equity plans global and highly complex?

Shareworks is known for comprehensive equity compensation management, particularly for larger, established, or public entities with extensive global equity plans. Alternative-wise, Shareworks offers robust support for global executive compensation, though its cost structure often reflects its enterprise focus.

Choose Shareworks if you are a large, established company with complex global equity compensation requirements.

4. Vestd

Focusing specifically on UK EMI schemes?

Vestd specializes in UK-specific equity schemes and offers strong legal compliance within the UK market, making it a tailored choice for British companies. From my analysis, Vestd provides specialized expertise for UK EMI schemes, though Ledgy offers broader international compliance capabilities beyond the UK.

You would choose Vestd if your company is primarily UK-based and heavily reliant on EMI schemes.

The best Ledgy alternatives depend on your business size, specific equity complexity, and geographic focus.

Ledgy Setup

Worried about software setup complexities?

Ledgy implementation is generally straightforward, offering guided onboarding and support to help new users successfully deploy the software. This Ledgy review section sets realistic expectations.

1. Setup Complexity & Timeline

It’s not entirely plug-and-play.

Ledgy’s setup is designed for ease, particularly for early-stage companies, though bulk data uploads can pose initial hurdles. What I found about deployment is that migration for Enterprise plans takes weeks, not months, with a structured four-stage process including setup, data extraction, import, and validation.

You’ll need to plan for dedicated time for data preparation and validation, especially if you have extensive historical records.

2. Technical Requirements & Integration

Expect smooth technical integration.

Ledgy is a web-based application, requiring minimal technical overhead on your end, and it offers robust integrations with over 70 HRIS tools and e-signing platforms. From my implementation analysis, API access for Enterprise clients enhances flexibility for custom integrations, streamlining data transfer and workflow efficiency.

Prepare for linking Ledgy with your existing financial and HR tools to maximize automation and data flow.

3. Training & Change Management

User adoption is key to success.

The platform’s intuitive interface significantly reduces the learning curve, making functions clear after some interaction. From my analysis, onboarding consultants and dedicated CX managers for higher tiers ensure comprehensive training, simplifying the transition for your team and fostering engagement.

Invest in the provided training resources and leverage the employee dashboards to drive transparency and user engagement.

4. Support & Success Factors

Vendor support makes a difference.

Ledgy’s support team is consistently praised for responsiveness, proactive issue resolution, and quick turnarounds. What I found about deployment is that responsive support minimizes disruptions, ensuring a smoother implementation journey and ongoing operational efficiency.

Prioritize clear communication with Ledgy’s support team and designate an internal champion to facilitate successful project progression.

Overall, the Ledgy setup process emphasizes ease of deployment and strong vendor support, making it a viable option for many businesses.

Bottom Line

Is Ledgy the right equity management platform for you?

My Ledgy review provides a comprehensive analysis to help you understand if this platform aligns with your company’s equity management needs and growth stage.

1. Who This Works Best For

Growing companies, particularly startups and scale-ups.

Ledgy is ideal for startups, scale-ups, and technology-driven SMEs managing complex equity compensation and investor relations. What I found about target users is that companies expanding internationally, especially in Europe, will benefit from its strong compliance features and robust support for global regulations.

You’ll succeed with Ledgy if you need to automate your cap table, streamline equity grants, and boost employee transparency.

2. Overall Strengths

Unmatched user-friendliness and automation capabilities.

The software shines with its intuitive interface and comprehensive automation of equity workflows, from cap table updates to share option issuance. From my comprehensive analysis, Ledgy significantly reduces manual administrative burdens and errors, ensuring accurate, real-time equity data that keeps you audit-ready.

These strengths translate into substantial time savings and increased operational efficiency for your finance, HR, and legal teams.

3. Key Limitations

Occasional data upload and reporting quirks may arise.

While powerful, some users have reported minor difficulties with bulk data uploads and occasional inconsistencies in the reporting system. Based on this review, you may encounter initial data migration challenges, though Ledgy’s proactive support team is quick to assist with any issues.

I’d say these limitations are generally minor and quickly addressed by customer support, not significant barriers to overall platform effectiveness.

4. Final Recommendation

Ledgy comes with a strong recommendation for growing companies.

You should choose Ledgy if you’re a startup or scale-up seeking an intuitive, automated, and compliant platform for equity management and employee engagement. From my analysis, your business will thrive with Ledgy’s transparency and compliance features, especially if you’re navigating complex equity structures.

My confidence level is high for companies prioritizing user-friendliness, automation, and reliable international compliance in their growth journey.

This Ledgy review shows strong value for growing companies, particularly those focused on efficient, compliant equity management and transparent employee engagement.