Capboard vs SeedLegals
A side-by-side comparison of Capboard and SeedLegals — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.0 / 5
4.6 / 5
Pricing
Freemium
From ~£49/mo
Best for
European pre-seed to Series A companies formalizing ownership
UK and European early-stage 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
- Automated funding round documents with term negotiation
- SeedFAST advance subscriptions and SeedNOTE convertibles
- SEIS/EIS advance assurance and compliance filings
- EMI option scheme setup and management
- Live cap table with scenario 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
- Order-of-magnitude cheaper than law-firm-led early rounds
- UK tax-scheme workflows (SEIS/EIS/EMI) are genuinely best-in-class
- Standardized documents speed up investor review
Cons
- Small team and brand versus category leaders
- Advanced compliance and 409A-equivalent workflows are lighter
- UK/Europe-centric — limited value for US-only portfolios
- Complex, heavily negotiated later rounds still need real counsel