Mantle Review
Flat-rate cap table management with unlimited stakeholders and no headcount fees
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Looking for a Mantle alternative? See our ranked comparison.→What is Mantle?
Mantle is cap table and equity management software for startups, built around a flat annual fee instead of the per-stakeholder pricing most competitors use. You get one cap table platform for SAFEs, vesting, option grants, board approvals, and 409A valuations, with the free plan covering the core record-keeping and paid plans adding e-signing, exercising, and support.
The company markets itself directly against headcount-based pricing at legacy platforms like Carta, arguing that charging more as you hire or grant equity punishes exactly the behavior founders should be doing. Its newest feature, Mantle Clerk, uses AI to read legal documents and handle the resulting cap table updates instead of requiring manual entry.
Mantle screenshots
Who it's for
- ✓ Early-stage founders who want a real cap table on a free plan instead of a trial
- ✓ Companies that plan to add stakeholders, advisors, or contractors and don't want each one to trigger a price increase
- ✓ Teams that want their annual 409A valuation bundled into one flat subscription
Who should look elsewhere
- ✗ Companies that need a dedicated SBC (stock-based compensation) expense calculator built in
- ✗ Larger companies with heavy audit or investor-reporting requirements that expect a dedicated account team beyond the Growth tier's support
Pros
- + Free Starter plan includes unlimited stakeholders, not a capped trial
- + Flat annual pricing means adding employees or advisors doesn't push you into a higher tier
- + All three prices are public on the pricing page, no sales call needed
- + Growth plan bundles one 409A valuation into the annual price instead of billing it separately
Cons
- – No monthly billing, only annual, so you commit for a full year to get off the free plan
- – Some users report Mantle emails a fresh login link every time you access the account rather than a persistent session
- – Missing some finance-team features like a stock-based compensation calculator that bigger platforms include
- – Extra 409A valuations beyond the one bundled with Growth cost $1,800 each
Mantle pricing
What you pay for
You pay a flat yearly fee, not a per-seat or per-stakeholder charge. The free Starter plan covers a full cap table with unlimited stakeholders. Paid plans add e-signing, board actions, option exercising, and (on Growth) a bundled 409A valuation. All three prices are posted on the site, nothing here is quote-only.
No public entry price to compare, so budget depends on a sales quote.
| Plan | Price | Highlights |
|---|---|---|
| Starter | Free | Unlimited stakeholders · AI workflow tools · Securities tracking · SAFE signing with templates · Vesting schedules and scenario modeling · Law firm integration · Cap table exports |
| Essentials | $1200/yr | Everything in Starter · Concierge onboarding · Issue and e-sign securities · Custom SAFE templates · Execute board actions · In-platform option exercising · ISO/NSO reporting |
| Growth | $3000/yr | Everything in Essentials · One annual 409A valuation included · VIP customer support |
Prices are annual, not per seat. Starter is free forever with unlimited stakeholders. Essentials is $1,200/year and Growth is $3,000/year, both flat-rate regardless of headcount. Growth includes one 409A valuation per year; extra valuations are $1,800 each. No monthly billing option is listed on the pricing page.
Pricing verified July 16, 2026 · source
How Mantle's pricing compares
Mantle next to its closest alternatives on entry price, billing, and whether pricing is public.
| Tool | Starting price | Billing | Free option | Pricing disclosed |
|---|---|---|---|---|
| Mantle | Free tier + custom | tiered | Yes | Partly public |
| Carta | Free tier + custom | quote-only | Yes | Not disclosed |
| Pulley | $1200/seat/yr | tiered | No | Partly public |
| Ledgy | Free tier + custom | tiered | Yes | Not disclosed |
| Cake Equity | $1000/yr | tiered | Yes | Partly public |
| Eqvista | $2/seat/mo | tiered | Yes | Public |
| Vestd | GBP 2200/seat/yr | tiered | No | Partly public |
Is Mantle still actively developed?
Last significant update: June 2026. Launched Mantle Clerk, an AI assistant that reads legal documents (offer letters, board resolutions, funding round docs) and drafts or executes the cap table actions they require, instead of requiring manual data entry.
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Mantle FAQ
Is Mantle really free?+
Yes. The Starter plan is free with unlimited stakeholders and covers securities tracking, SAFE signing, vesting schedules, and cap table exports. You only pay once you need e-signing, option exercising, board actions, or a 409A valuation.
Does Mantle charge per stakeholder like Carta?+
No. Mantle's pricing is a flat annual fee per plan, not per seat or per stakeholder. Adding employees, advisors, or contractors to your cap table doesn't move you into a more expensive tier.
Is a 409A valuation included?+
It's included once a year on the Growth plan ($3,000/year). Starter and Essentials don't include one, and extra valuations on Growth cost $1,800 each.
What is Mantle Clerk?+
Mantle Clerk is an AI assistant launched in June 2026 that reads legal documents like offer letters and board resolutions and drafts or executes the resulting cap table updates, instead of requiring manual data entry.