Carta
Carta is a comprehensive equity management platform that helps you manage cap tables, valuations, and equity plans while ensuring compliance for your company, investors, and employees.
Ledgy
Ledgy is an equity management platform that helps high-growth companies manage cap tables, employee participation plans, and investor relations while staying compliant across multiple international jurisdictions.
Quick Comparison
| Feature | Carta | Ledgy |
|---|---|---|
| Website | carta.com | ledgy.com |
| Pricing Model | Freemium | Freemium |
| Starting Price | Free | Free |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✓ Has free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2012 | 2017 |
| Headquarters | San Francisco, USA | Zurich, Switzerland |
Overview
Carta
Carta simplifies how you manage equity, from your first hire to your eventual exit. Instead of messy spreadsheets, you get a centralized platform to track your cap table, issue electronic securities, and stay compliant with tax regulations like 409A valuations. You can automate the entire equity lifecycle, ensuring that your legal, finance, and HR teams stay perfectly aligned as your company grows.
The platform serves everyone from early-stage startups to late-stage private and public companies. You can provide your employees with a clear view of their ownership and vesting schedules through a dedicated portal, while giving your investors real-time access to their holdings. It eliminates the manual overhead of equity administration so you can focus on building your business.
Ledgy
Ledgy is an equity management platform designed to help you scale your company from seed stage to IPO. You can move away from messy spreadsheets and manage your entire cap table in a single, automated environment. It simplifies the complex process of granting equity to employees across different countries by handling local tax rules and legal requirements automatically.
You can model future funding rounds to see exactly how they impact your ownership and share these insights with your board. The platform also provides a dedicated portal for your employees, allowing them to track the value of their shares in real-time. This transparency helps you turn equity into a powerful tool for talent retention and engagement as your business grows internationally.
Overview
Carta Features
- Automated Cap Table Track your company's ownership in real-time with a digital cap table that updates automatically whenever you issue new shares.
- 409A Valuations Get audit-ready valuations from experts quickly so you can stay compliant with IRS regulations when granting employee stock options.
- Electronic Securities Issue and sign stock options, warrants, and RSUs electronically to eliminate paper trails and speed up the board approval process.
- Employee Equity Portal Give your team a dedicated dashboard where they can track their vesting progress and understand the potential value of their holdings.
- Scenario Modeling Run what-if analyses to see how future funding rounds or exit events will impact your ownership and dilution levels.
- Compliance Tracking Stay on top of Rule 701 limits and Form 3921 filings with automated alerts and reporting built directly into your workflow.
Ledgy Features
- Automated Cap Table. Maintain a single source of truth for your ownership structure that updates automatically after every transaction.
- Scenario Modeling. Model future financing rounds and exit scenarios to understand dilution and payouts for all stakeholders.
- Employee Dashboards. Give your team personal portals where they can view their vesting schedules and the current value of their equity.
- International Compliance. Manage equity plans across multiple countries with built-in support for local tax laws and legal frameworks.
- Investor Reporting. Share key metrics and documents with your investors through a secure, professional reporting interface.
- KPI Tracking. Monitor your company's performance metrics alongside your equity data to keep all your vital signs in one place.
Pricing Comparison
Carta Pricing
- Up to 25 stakeholders
- Digital cap table management
- Electronic security issuance
- Onboarding support
- Standard equity reporting
- Everything in Launch, plus:
- Unlimited stakeholders
- Audit-ready 409A valuations
- Scenario modeling tools
- Equity plan administration
- Advanced compliance reporting
Ledgy Pricing
- Up to 10 stakeholders
- Basic cap table management
- Document storage
- Standard equity plans
- Basic reporting
- Everything in Free, plus:
- Unlimited stakeholders
- Advanced scenario modeling
- Custom vesting schedules
- Employee dashboards
- KPI tracking and reporting
Pros & Cons
Carta
Pros
- Eliminates manual spreadsheet errors in cap tables
- Streamlines the 409A valuation process significantly
- Provides excellent visibility for employee shareholders
- Simplifies communication between companies and investors
Cons
- Pricing increases sharply as stakeholder count grows
- Customer support response times can be inconsistent
- Initial data migration requires significant manual effort
Ledgy
Pros
- Excellent support for complex international equity plans
- Clean and intuitive interface for employees
- Powerful round modeling and dilution tools
- Automates tedious manual cap table calculations
- Strong focus on European legal compliance
Cons
- Pricing can scale quickly with many stakeholders
- Learning curve for complex custom vesting rules
- Limited integrations with some niche HR tools