Capboard vs Ledgy
A side-by-side comparison of Capboard and Ledgy — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.0 / 5
4.4 / 5
Pricing
Freemium
Free tier / Custom
Best for
European pre-seed to Series A companies formalizing ownership
European portfolio companies and their investors
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 for European entities
- ESOP and VSOP scheme administration
- Multi-jurisdiction legal and tax compliance
- Employee equity dashboards
- Scenario and exit 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
- Handles European option schemes US tools fumble
- Free tier for early portfolio companies
- Strong employee-facing equity experience
Cons
- Small team and brand versus category leaders
- Advanced compliance and 409A-equivalent workflows are lighter
- Less useful for pure US-Delaware portfolios
- Investor-side features thinner than company-side