Ledgy Review
European-built equity and cap table platform for private and public companies
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Looking for a Ledgy alternative? See our ranked comparison.→What is Ledgy?
Ledgy is cap table and equity management software built in Zurich, aimed at startups managing SAFEs, option grants, vesting, and 409A-style valuations, plus larger and public companies running full share plan administration. The free Launch plan covers a real cap table for up to 50 stakeholders. Once you're past that, every tier (Scale, Enterprise, Public) is a custom quote rather than a published price.
Ledgy positions itself against Carta, especially for European companies, and has been actively marketing to Carta customers who've seen price increases. It's adding AI features on top of the core cap table, starting with an auditor that flags mismatches between equity documents and recorded transactions.
Ledgy screenshots
Who it's for
- ✓ European startups that want a cap table platform built around EU/UK equity and compliance rules rather than a US-first product
- ✓ Early-stage founders who need a real free plan (not a trial) for up to 50 stakeholders
- ✓ Companies planning to grow into public-market share plan administration on the same vendor
Who should look elsewhere
- ✗ Teams that want to see an exact price before talking to sales once they're past 50 stakeholders
- ✗ Teams outside Europe that need phone support or round-the-clock live coverage
Pros
- + Launch plan is genuinely free for up to 50 stakeholders, not a time-limited trial
- + Covers both private cap table management and public company share plan administration on one platform
- + 70+ HRIS integrations and a vesting tranche builder with performance conditions on the Scale tier
- + Frequently cited by reviewers as easier to use and better value than Carta, especially after Carta price increases
Cons
- – No public pricing past the free tier. Every paid plan requires a sales conversation to get a number
- – No phone support and no round-the-clock bot coverage, which reviewers flag as a gap for teams outside European working hours
- – Bulk editing tools for adjusting financing rounds and some custom reporting/filtering are limited compared to larger competitors
- – PDF exports don't preserve customized views the way Excel exports do
Ledgy pricing
What you pay for
Ledgy is free up to 50 stakeholders on the Launch plan, which covers cap table management and equity plan automation with self-serve support only. Past that, every plan (Scale, Enterprise, Public) is a custom quote based on stakeholder count and which modules you need, such as HRIS integrations, vesting builders, API access, or public-market share plan tools. Ledgy's own site gives rough starting points (around €4k/year for Scale), but there is no fixed public price list once you're past the free tier.
No public entry price to compare, so budget depends on a sales quote.
| Plan | Price | Highlights |
|---|---|---|
| Launch | Free | Up to 50 stakeholders · Cap table management · Equity plan automation · Employee dashboards · Self-serve support only |
| Scale | Custom | 50+ stakeholders included · Starts at roughly €4k/year per vendor's own figure · 70+ HRIS integrations · DocuSign integration · Automated granting and vesting tranche builder (up to 5 performance conditions) · Document templating · Investor dashboards, compliance reporting, valuations |
| Enterprise | Custom | 200+ stakeholders included · Unlimited performance conditions · GraphQL API access · Dividend workflows, unlimited offboarding automation · SAML SSO, SCIM provisioning, 2FA enforcement · IPO readiness assessment |
| Public | Custom | Share plan administration for listed companies · Trading and settlement, employee communications · Black-Scholes and Monte Carlo valuations · Multi-currency conversion, diluted EPS, social security accruals |
Ledgy quotes every paid tier as contact-sales. The pricing page states Scale plans start around €4k/year and its Essentials financial-reporting add-on starts around €3k/year, but these are the vendor's own rough floors, not fixed list prices, and the actual quote depends on stakeholder count and modules. Launch is free forever for up to 50 stakeholders. Set startingPrice to null since no fixed number applies across customers.
Pricing verified July 16, 2026 · source
How Ledgy's pricing compares
Ledgy next to its closest alternatives on entry price, billing, and whether pricing is public.
| Tool | Starting price | Billing | Free option | Pricing disclosed |
|---|---|---|---|---|
| Ledgy | Free tier + custom | tiered | Yes | Not disclosed |
| Carta | Free tier + custom | quote-only | Yes | Not disclosed |
| Pulley | $1200/seat/yr | tiered | No | Partly public |
| Cake Equity | $1000/yr | tiered | Yes | Partly public |
| Eqvista | $2/seat/mo | tiered | Yes | Public |
| Vestd | GBP 2200/seat/yr | tiered | No | Partly public |
| Mantle | Free tier + custom | tiered | Yes | Partly public |
Is Ledgy still actively developed?
Last significant update: April 2026. Ledgy published its approach to building AI into the platform, centered on an AI Auditor that automatically checks equity documents against recorded transactions and flags missing links or data mismatches in a dashboard, rather than a one-off feature drop.
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Ledgy FAQ
Is Ledgy free?+
Yes, up to a point. The Launch plan is free forever for up to 50 stakeholders and includes cap table management, equity plan automation, and employee dashboards, but support is self-serve only.
How much does Ledgy cost once you outgrow the free plan?+
There's no fixed list price. Scale and Enterprise are both custom quotes based on stakeholder count and modules. Ledgy's own pricing page gives a rough starting point of about €4k/year for Scale, but you need to talk to sales for an actual number.
Does Ledgy work for companies outside Europe?+
Yes, but it's built and headquartered in Zurich with European equity and compliance rules as the starting point. Reviewers outside Europe have flagged the lack of phone support and 24/7 coverage as a gap.
Does Ledgy support public companies, not just private cap tables?+
Yes. Its Public tier adds share plan administration, trading and settlement, and financial reporting tools like Black-Scholes and Monte Carlo valuations for listed companies.