Cap table software pricing in 2026: 7 vendors compared

Cap table software pricing in 2026: what it costs

Cap table software pricing runs from genuinely free to a sales call with no number attached. Five of the seven vendors in this category publish a real dollar or pound figure for at least their entry paid tier on their own site: Pulley, Mantle, Cake Equity, Eqvista, and Vestd. Carta, the market leader, and Ledgy don't. Carta's paid plans (Build, Grow, Scale) are all custom quotes, and Ledgy keeps every paid tier past its free plan behind a sales conversation too.

The table below pulls every verified entry-level and top-tier price we could find on each vendor's own pricing page, checked July 16, 2026. Where a vendor won't publish a number, we say so instead of guessing.

Every vendor's price, side by side

All prices come from each vendor's own pricing page, checked July 16, 2026. Enterprise and quote-only tiers are negotiated per customer; get your own quote before comparing against this table.

Carta and Ledgy: the two vendors that won't give you a number

Carta is the more extreme case. Its pricing page shows zero dollar figures past the free Launch plan. Build, Grow, and Scale all require a demo, and what you pay depends on stakeholder count and which add-ons (409A valuations, ASC 718 reporting, IPO advisory) you attach. Third-party aggregation of real customer contracts puts typical paid plans around $1,000-$2,500 a year for small cap tables, with 409A valuations often billed on top, but that figure is not Carta's own and Carta does not confirm it. The lack of a price list is also the top reason cited in switch reviews: customers describe renewal increases that arrive without warning, including one account moving from $99 to $3,000.

Ledgy is opaque in a different way. Every paid tier past its free 50-stakeholder Launch plan, Scale, Enterprise, and Public, sits behind a "contact sales" button, and Ledgy doesn't publish a number for any of them that you can rely on.

Every other vendor in the category, Pulley, Mantle, Cake Equity, Eqvista, and Vestd, has decided to compete by showing a number instead. Five vendors are betting that publishing a price wins deals from Carta's and Ledgy's opacity.

Per-stakeholder or flat fee: how the seven vendors price by headcount

The seven vendors split into two pricing philosophies. Mantle charges a flat annual fee ($1,200 Essentials, $3,000 Growth) regardless of headcount, so hiring or granting more equity never bumps you to a pricier tier. Everyone else charges by stakeholder count in some form. Cake Equity caps a tier at a stakeholder number and charges extra per head past it, $1 more on Build and $5 more on Team. Pulley caps its tiers too, but once you cross 25 stakeholders on Startup or 40 on Growth, it pushes you straight to a custom Enterprise quote instead of billing a per-head overage. Eqvista bills a flat $2 per stakeholder per month. Carta and Ledgy fold stakeholder count into a quote you only see after a sales call.

If your cap table is going to grow fast through hiring or option grants, a flat-fee plan avoids repricing every time you cross a threshold. If it's going to stay small and slow-growing, a per-stakeholder plan with a real published number, like Eqvista's $2/stakeholder/month or Cake Equity's tiers, can cost less in absolute terms.

What a 409A valuation adds to the real bill

A 409A valuation is where the sticker price and the real bill diverge most. Mantle and Pulley bundle one valuation into their top published tier ($3,000 and $3,500 a year respectively). Cake Equity bundles two a year into Team at $2,750. Eqvista sells 409A as its own annual bundle, starting at $990 for a pre-revenue company and stepping up to $2,590 at Series A, with unlimited updates included at whatever tier you land on. Carta and Ledgy both treat 409A as an extra layered on top of an already quote-only plan, so the true cost of a Carta or Ledgy cap table with a valuation attached isn't visible anywhere on either pricing page.

Vestd is the outlier. It runs on UK HMRC valuations rather than US-style 409A, since it's built around EMI, CSOP, and growth share schemes for UK companies, not US equity compensation.

If you want to compare costs before booking a single sales call, Pulley, Cake Equity, Eqvista, and Mantle are the four vendors that let you do that end to end, including for a bundled 409A valuation. Vestd publishes real prices for Self-Serve and Guided, though its top Full Service tier is quote-only. Carta and Ledgy are the two vendors where you can't get a reliable number for any paid tier without talking to sales. For a full ranked comparison of who fits which buyer, see our Carta alternatives and Pulley alternatives guides.

Whichever vendor you're evaluating, treat every number on this page as a starting point, not your quote. Stakeholder count, funding stage, and add-ons move the final price on every tool here except the truly flat-fee plans.