Capboard vs Carta
A side-by-side comparison of Capboard and Carta — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.0 / 5
4.5 / 5
Pricing
Freemium
Custom / Tiered
Best for
European pre-seed to Series A companies formalizing ownership
GPs standardizing equity records and fund admin in one place
Key features
- Cap table with funding round and exit simulations
- ESOP and phantom-share plan management
- Automated investor updates and reporting
- Document generation and e-signature
- Multi-entity and multi-jurisdiction support
- Cap table management and share issuance
- 409A valuations
- Option grants, exercises and employee portals
- Fund administration with LP portal
- Scenario and waterfall modeling
Pros
- Free tier removes the excuse for spreadsheet cap tables
- Handles European instruments (phantom shares) US tools fumble
- Simple enough for founders to self-serve
- 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
- Small team and brand versus category leaders
- Advanced compliance and 409A-equivalent workflows are lighter
- Pricing has climbed steadily with market position
- Support quality varies with plan tier