Astrella
EQ's cap table and equity plan platform for private companies
3.9Enterprise / CustomBest for Later-stage private companies wanting registry-grade records and an IPO path
Cap Table Stock Plans Waterfalls
Overview
Astrella, owned by share-registration group EQ (Equiniti), is a cloud platform for private-company cap table management, employee stock plan administration, waterfall analysis, and 409A valuations. It emphasizes audit-ready records, AI-assisted data automation, and a path to EQ's transfer-agent services as companies mature toward IPO.
Key features
- Fully diluted cap table with real-time updates
- Employee stock plan administration
- Waterfall and exit scenario analysis
- 409A valuation services
- Path to EQ transfer-agent and registry services pre-IPO
Pros
- Backed by EQ's decades of share-registration infrastructure
- Strong waterfall and audit-ready reporting
- Natural continuity from private cap table to public registry
Cons
- Far less startup mindshare and community than Carta or Pulley
- Smaller integration ecosystem; UI feels more corporate than modern SaaS