Carta vs Ledgy
A side-by-side comparison of Carta and Ledgy — two options for cap table & equity management. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity Management
Cap Table & Equity Management
Rating
4.2 / 5
4.5 / 5
Pricing
From $$$
Free plan / Custom
Best for
Startups and their VC/growth investors
European scale-ups and multi-entity groups managing equity and share-based payments
Key features
- Cap-table management
- 409A valuations
- Equity and option administration
- Fund administration
- Investor and portfolio insights
- Multi-entity cap table management and scenario and exit modeling
- Employee equity plans with automated vesting and employee dashboards
- IFRS 2 / ASC 718 expense reporting and audit support
- Carried interest and deferred compensation tracking
- HRIS integrations (Personio, Workday, BambooHR)
Pros
- Standard-setting cap-table platform
- Combines company and investor tooling
- Strong equity administration
- Strong European coverage of local instruments and multi-jurisdiction plans
- Employee-facing dashboards praised for driving equity engagement
- Consistently praised support and ease of use on G2
Cons
- Pricing scales quickly with growth
- Fund admin has faced service-quality criticism
- Custom reporting flexibility is limited; users want more filters
- Occasional reporting data hiccups noted by reviewers