Top Ledgy Alternatives in 2026

Carta is the cap table market's default, and that's exactly why it's the closest thing to a straight swap for Ledgy. Its free Launch plan covers up to 25 stakeholders and $1M raised, smaller than Ledgy's 50-stakeholder cap. Past the free tier, Build is the entry paid plan and doesn't include 409A valuations, board consents, or GAAP/IFRS reporting; those live in the higher Grow and Scale tiers, along with ASC 718 reporting and IPO advisory. Carta also acts as its own SEC-registered transfer agent, so option exercises and share transfers happen without a separate vendor, something Ledgy doesn't offer. The tradeoff is pricing: Build, Grow, and Scale are all custom quotes with no published numbers, and customer reviews describe renewal increases as steep as $99 to $3,000 in one case. If you're leaving Ledgy for clearer pricing, Carta won't solve that problem, but if you want the cap table format every VC and auditor already recognizes, it's the strongest fit.

Pulley was built as a direct answer to Carta, and it makes the same pitch to companies leaving Ledgy: real cap table management, 409A valuations, and option exercises, with published prices instead of a sales call. Startup runs $1,200/year for your first 25 stakeholders; Growth is $3,500/year for 40 stakeholders and adds 409A valuations, custom agreements, and board approvals. That's a rare thing in this category: a specific number you can compare before you talk to anyone. There's no free plan, so founders coming off Ledgy's free Launch tier will start paying immediately, and once you pass 40 stakeholders you're back into a custom Enterprise quote. Pulley also runs a separate token/crypto equity product priced apart from its core plans, worth ignoring unless you actually grant token compensation. For a founder who wants Ledgy's clarity about what's included, minus the mystery pricing past free, Pulley is the closest match.

Mantle flips the pricing model that both Ledgy and Carta use: instead of charging by stakeholder count, it charges one flat annual fee no matter how many people are on the cap table. The free Starter plan includes unlimited stakeholders, SAFE signing, vesting schedules, and cap table exports, a real step past Ledgy's free plan, which caps out at 50. Essentials ($1,200/year) adds e-signing and board actions; Growth ($3,000/year) bundles one 409A valuation a year plus VIP support. Mantle's new Clerk feature reads legal documents like offer letters and board resolutions and drafts the resulting cap table updates automatically, an answer to Ledgy's own AI Auditor. What you give up is depth: no stock-based compensation calculator, no monthly billing, and login is a fresh emailed link each time rather than a persistent session. For a founder-heavy company that wants to add advisors and contractors without stakeholder count ever forcing an upgrade, Mantle is the strongest match.

Cake Equity prices like Ledgy did before you outgrew its free tier: free for up to 5 stakeholders, then a scaled annual fee ($1,000 for 25, $2,750 for 40) that rises with headcount rather than jumping to a custom quote right away. Team, at $2,750/year, bundles two 409A valuations, ISO/NSO/RSU/RSA grant types, and a full custom contract editor, plus My Cake, an employee portal where staff can see and exercise their own equity. That combination, bundled 409A plus a self-serve employee view, is something Ledgy doesn't offer outright. The catch is per-extra-stakeholder fees ($1 on Build, $5 on Team) that add up for larger teams, and the top Pro tier is quote-only like Ledgy's paid plans. Reviewers also note the option distribution logic takes real effort to learn. For a company scaling past a handful of founders that wants bundled 409A pricing and an employee self-serve portal, Cake Equity is a solid next step.

Eqvista's pitch is doing your 409A valuation and your cap table under one roof, with its own NACVA-certified analysts rather than an outside firm. The Freemium tier is free under 20 stakeholders; Premium is $2 per stakeholder per month; and the 409A bundle starts at $990/year pre-revenue and climbs with funding stage up to $2,590 at Series A, with unlimited updates and renewals included for the year. That's a lower and more predictable entry point than Ledgy's quote-only paid tiers. Support is email-only, with no phone or live chat, which mirrors one of Ledgy's own weak points, and pricing goes custom again past 50 stakeholders or Series B. One reviewer also reported being billed after cancelling with no refund. For a company that wants its cap table and 409A valuation from the same vendor at a published, low per-seat price rather than a Ledgy-style custom quote, Eqvista is a strong fit.

Vestd is built for a specific job Ledgy only partly covers: UK share option schemes. It handles EMI, CSOP, growth shares, and unapproved options with live HMRC valuations and submissions, plus direct Companies House integration for filings, all things a UK-based Ledgy customer would otherwise have to coordinate separately. It doesn't do US-style 409A valuations, so it's not a fit if that's what you actually need from Ledgy. There's no free tier and no month-to-month option. Self-Serve starts at £2,200/year and is only sold to existing customers, Guided is £4,200/year, and every plan carries a 12-month minimum term with VAT on top. Capterra reviewers repeatedly call it expensive relative to other cap table tools, though they also praise the account management and support. For a UK company whose main need is running compliant EMI or CSOP schemes rather than US-style equity administration, Vestd is worth the premium.