Top Vestd Alternatives in 2026
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Suggest a change- If you're a UK or European company that wants a cap table platform still built around EU/UK equity rules, not US 409A workflows, choose Ledgy. Ledgy is built around European and UK equity and compliance rules rather than a US-first product, and its free Launch plan covers up to 50 stakeholders with no sales call required to start.
- If you want the cap table format every VC, lawyer, and 409A reviewer already recognizes and can live with a custom quote, choose Carta. Carta is the market's default cap table tool, so most investors and auditors already know how to work with it, and its free Launch plan covers companies under 25 stakeholders and $1M raised.
- If you're a US-based startup that wants published flat annual pricing by stakeholder tier with 409A valuations bundled once you scale up, choose Pulley. Pulley posts real annual prices, $1,200 and $3,500, on its pricing page instead of gating everything behind a sales demo, and 409A valuations and option exercises are included starting at the Growth tier.
- If you're pre-revenue with a tiny cap table and want the cheapest real free tier and company-scaled pricing instead of per-seat billing, choose Cake Equity. Cake Equity's free plan covers up to 5 stakeholders on real cap table, option, and SAFE features, and paid tiers price by stakeholder count instead of charging per seat.
- If you're pre-revenue or early-stage and want the cheapest bundled 409A valuation you can find, choose Eqvista. Eqvista's 409A bundle starts at $990 a year for pre-revenue companies and includes unlimited valuation updates and renewals for the year, the lowest published bundled 409A price in this set.
- If you never want your bill to jump just because you hired more people or granted more equity, choose Mantle. Mantle charges one flat annual fee per plan instead of pricing by stakeholder count, and its Starter plan is free forever with unlimited stakeholders rather than a capped trial.
- If you're a UK company actively running EMI, CSOP, or growth share schemes and rely on live HMRC submission support and Companies House filing, choose stay on Vestd. None of these alternatives specialize in UK share scheme compliance and HMRC valuations the way Vestd does, since they're built around US 409A workflows or general European equity rules instead of UK tax scheme paperwork.
Vestd runs UK share schemes end to end: EMI, CSOP, growth shares, unapproved options, HMRC valuations, and Companies House filings, all inside one platform with a 12-month contract and an account manager attached. Teams start looking elsewhere when that contract term, the pricing, or the Self-Serve plan's 5-recipient cap and existing-customer-only rule stop fitting the deal.
None of the tools below replicate Vestd's UK-specific EMI and HMRC workflows one for one. What they offer instead is a different pricing model (per-stakeholder, flat annual, or a real free tier), a different geography (Ledgy is built around EU and UK equity rules the way Vestd is, but it doesn't submit HMRC valuations or file EMI/CSOP paperwork the way Vestd does), or a 409A valuation bundled straight into the cap table for companies running US option pools.
Vestd alternatives compared
| Tool | Best for | Starting price | Free option | Last update |
|---|---|---|---|---|
| LedgyBest fit for UK/European compliance | European startups that want a cap table platform built around EU/UK equity and compliance rules rather than a US-first product | Free tier + custom | Yes | April 2026 |
| CartaBest-known name for VCs and auditors | Very early companies under 25 stakeholders and $1M raised that qualify for the free Launch plan | Free tier + custom | Yes | April 2026 |
| PulleyTransparent flat annual pricing | Early-stage startups that want a straightforward cap table without Carta's reputation for aggressive upsells | $1200/seat/yr | No | October 2025 |
| Cake EquityBest budget pick for a tiny cap table | Early-stage startups that want a free or low-cost cap table before they need 409A valuations | $1000/yr | Yes | July 2026 |
| EqvistaCheapest bundled 409A valuation | Early-stage founders who want cap table software and their 409A valuation from the same vendor instead of coordinating two | $2/seat/mo | Yes | May 2026 |
| MantleBest free alternative | Early-stage founders who want a real cap table on a free plan instead of a trial | Free tier + custom | Yes | June 2026 |
Why teams switch from Vestd
Every Vestd plan carries a 12-month minimum term with no month-to-month option
Some Trustpilot reviewers say the 12-month minimum term wasn't always made clear upfront.
Reviewers call Vestd's pricing high relative to other cap table tools
This shows up repeatedly in Capterra reviews of Vestd.
The cheapest published plan, Self-Serve, is closed to new customers and capped at 5 scheme recipients
Self-Serve is only available to existing Vestd customers, so new buyers start at the pricier Guided plan.
The best Vestd alternatives, ranked

Ledgy is the alternative that looks and feels most like what a Vestd buyer already expects: a cap table platform built around European and UK equity rules instead of US 409A workflows. The Launch plan is free forever for up to 50 stakeholders, covering cap table management and equity plan automation with self-serve support, no sales call needed to get started. Ledgy has been actively marketing to companies leaving Carta over pricing, and reviewers cite it as easier to use and better value once you're past the free tier. The catch is that every paid plan, Scale, Enterprise, and Public, is a custom quote, so you'll still end up on a sales call once you outgrow the free tier's 50 stakeholders. There's no phone support or round-the-clock coverage either, which matters if your team works outside European hours.
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
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

Carta is the market's default cap table tool, and that familiarity is a real reason to consider it even if you don't love the switch. Most VCs, lawyers, and auditors already know how to read a Carta cap table, which can smooth diligence and 409A reviews. The Launch plan is genuinely free for companies under 25 stakeholders and $1M raised, and Carta acts as its own SEC-registered transfer agent for option exercises. Past the free tier, pricing is entirely quote-based, and multiple reviewers describe steep, unannounced renewal increases, in one case a jump from $99 to $3,000. If Vestd's UK-specific EMI and HMRC workflows are what you actually rely on, Carta's US-first structure doesn't replace them, so treat this as a name-recognition trade rather than a like-for-like swap.
Pros
- + Free Launch plan is genuinely free, not a trial, for companies under 25 stakeholders and $1M raised
- + Acts as its own SEC-registered transfer agent, so option exercises and share transfers happen without a separate vendor
- + 409A valuations, ASC 718 audit support, and IPO advisory are all available as add-ons under one account, useful once a company outgrows basic cap table needs
Cons
- – No public pricing past the free tier. You have to book a demo and negotiate a quote to know what you'll pay
- – Customer reviews describe steep, unannounced renewal increases, in one case pricing moving from $99 to $3,000

Pulley was built as a direct answer to Carta's pricing complaints, and it shows: both paid tiers post real annual numbers on the pricing page instead of forcing a sales call. Startup is $1,200 a year for 25 stakeholders, and Growth is $3,500 a year for 40, with 409A valuations and option exercises included at that level rather than sold as pricey add-ons. Onboarding is concierge-assisted, and switching from Carta comes with a free trial using your migrated data. The tradeoffs are that there's no free plan, so even a small cap table costs money from day one, and once you pass 40 stakeholders you're pushed into a custom Enterprise quote just like the tools you were trying to avoid. It's a transparent, US-first equity platform, not a UK compliance specialist.
Pros
- + Both paid tiers show real numbers on the pricing page instead of forcing a sales call for basic cap table access
- + 409A valuations and option exercises are included in Growth rather than sold as costly add-ons
- + Onboarding is concierge-assisted, and switching from Carta includes a free trial with your data already loaded
Cons
- – No free plan. Even a 25-stakeholder cap table costs $1,200/year
- – Stakeholder caps mean you can outgrow Startup or Growth and get pushed into a quote-only Enterprise tier

Cake Equity is the budget pick among these alternatives, with a free plan that covers up to 5 stakeholders on real cap table, option, and SAFE features, not a stripped demo. Build, at $1,000 a year, adds vesting, board approval, and fundraising modeling for up to 25 stakeholders, and Team, at $2,750 a year, bundles two audit-ready 409A valuations a year plus a My Cake portal where employees can see and exercise their own equity. Pricing scales with stakeholder count rather than charging per seat, which suits founder-heavy early cap tables. It gets more expensive fast once you're past the included headcount, at $5 per extra stakeholder on Team, and the top Pro tier is quote-only. It's a US-oriented equity tool, so it won't cover EMI or HMRC submissions the way Vestd does.
Pros
- + Free plan covers up to 5 stakeholders with real cap table, options, and SAFE features, not just a demo
- + Team plan bundles two 409A valuations a year instead of billing them separately
- + My Cake portal gives employees a place to see and exercise their own equity
Cons
- – Cost climbs fast once you pass the included stakeholder count: $5 per extra stakeholder on Team adds up for larger teams
- – Top Pro tier is quote-only, so you can't compare it against competitors without a sales call

Eqvista pairs cap table software with 409A valuations done by its own NACVA-certified analysts, so the valuation report ties back into your cap table instead of arriving as a standalone PDF from a separate firm. The Premium Cap Table tier is $2 per stakeholder per month, one of the cheapest published per-seat rates in this set, and the 409A bundle starts at $990 a year for pre-revenue companies with unlimited updates and renewals included for the year. Support is email-only, though reviewers say response times are fast despite that. Pricing steps up by funding stage for the 409A bundle and goes custom past 50 stakeholders or Series B, and at least one reviewer reported being billed after cancelling. Like the other US-built options here, it doesn't cover UK EMI or CSOP schemes.
Pros
- + Freemium tier covers real cap table and ESOP management under 20 stakeholders with no credit card, not just a demo
- + 409A valuation is done in-house and bundled with the cap table, so you're not paying a separate valuation firm on top of separate cap table software
- + 409A bundle includes unlimited updates and renewals for the year instead of billing per refresh
Cons
- – 409A pricing steps up by funding stage ($990 to $2,590) rather than a single flat rate, so the number you see in ads isn't necessarily yours
- – Support has no live chat or phone option, only email

Mantle charges a flat annual fee per plan instead of pricing by stakeholder count, and its free Starter plan includes unlimited stakeholders rather than a capped trial, which is unusual in this category. Essentials, at $1,200 a year, adds e-signing and option exercising, and Growth, at $3,000 a year, bundles one 409A valuation a year plus VIP support. The pitch is straightforward: hiring more people or granting more equity shouldn't push you into a pricier tier, and Mantle's newest feature, Mantle Clerk, uses AI to read legal documents and draft the resulting cap table updates. It only bills annually, with no monthly option, and some reviewers note it's missing a stock-based compensation calculator that bigger platforms include. Like the other alternatives here, it's a US-built tool without Vestd's UK EMI or HMRC-specific workflows.
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
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
Vestd alternatives: FAQ
What's the best Vestd alternative for a UK or European company?+
Ledgy is the closest fit. It's built around EU and UK equity rules rather than US 409A workflows, has a free plan up to 50 stakeholders, and has been marketing directly to companies leaving Carta over pricing.
Is there a free alternative to Vestd?+
Yes. Ledgy's Launch plan is free for up to 50 stakeholders, Mantle's Starter plan is free with unlimited stakeholders, and Cake Equity and Eqvista both have free tiers capped at 5 and 20 stakeholders respectively. Vestd itself has no free tier.
Do any Vestd alternatives handle UK EMI options or HMRC submissions?+
Not with the same depth. These tools are built mainly around US 409A valuations or general European equity rules, not UK EMI, CSOP, or live HMRC submission support, which is Vestd's specialty.
Which alternative is cheapest if I need a 409A valuation bundled in?+
Eqvista's bundle starts at $990/year for pre-revenue companies with unlimited valuation updates for the year, the lowest published entry price for a bundled 409A among these alternatives.
Vestd alternatives: pricing compared
Entry price, billing model, and whether pricing is public. 5 of 7 publish pricing you can check without talking to sales.
| Tool | Starting price | Billing | Free option | Pricing disclosed |
|---|---|---|---|---|
| Vestd | GBP 2200/seat/yr | tiered | No | Partly public |
| 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 |
| Mantle | Free tier + custom | tiered | Yes | Partly public |
How we made these picks. We compare tools on public pricing, features, and hands-on assessment, then verify every price against the vendor's own page. We never accept payment for rankings. Read the full methodology. Spotted an error? Report it.