Cake Equity vs Ledgy
A side-by-side comparison of Cake Equity and Ledgy — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.4 / 5
4.4 / 5
Pricing
Subscription / tiered
Free tier / Custom
Best for
Early-stage companies with cross-border teams and option pools
European portfolio companies and their investors
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 for European entities
- ESOP and VSOP scheme administration
- Multi-jurisdiction legal and tax compliance
- Employee equity dashboards
- Scenario and exit modeling
Pros
- Multi-country equity plans without duplicate systems
- Clear UX employees actually understand
- Aggressive pricing versus US incumbents
- Handles European option schemes US tools fumble
- Free tier for early portfolio companies
- Strong employee-facing equity experience
Cons
- Lighter on late-stage complexity (tender offers, complex waterfalls)
- Smaller integration ecosystem than Carta
- Less useful for pure US-Delaware portfolios
- Investor-side features thinner than company-side