Cake Equity vs Carta
A side-by-side comparison of Cake Equity and Carta — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.4 / 5
4.5 / 5
Pricing
Subscription / tiered
Custom / Tiered
Best for
Early-stage companies with cross-border teams and option pools
GPs standardizing equity records and fund admin in one place
Key features
- Live cap table with scenario and dilution modeling
- Employee option plans with automated vesting and exercise
- E-signature grant issuance and legal templates
- Multi-jurisdiction support (US, AU, UK and more)
- Investor and employee equity dashboards
- Cap table management and share issuance
- 409A valuations
- Option grants, exercises and employee portals
- Fund administration with LP portal
- Scenario and waterfall modeling
Pros
- Multi-country equity plans without duplicate systems
- Clear UX employees actually understand
- Aggressive pricing versus US incumbents
- Network effect: your portcos are likely already on it
- Clean investor view of stakes across the portfolio
- Fund admin plus cap table in one vendor relationship
Cons
- Lighter on late-stage complexity (tender offers, complex waterfalls)
- Smaller integration ecosystem than Carta
- Pricing has climbed steadily with market position
- Support quality varies with plan tier