Carta vs Ledgy
A side-by-side comparison of Carta and Ledgy — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.5 / 5
4.4 / 5
Pricing
Custom / Tiered
Free tier / Custom
Best for
GPs standardizing equity records and fund admin in one place
European portfolio companies and their investors
Key features
- Cap table management and share issuance
- 409A valuations
- Option grants, exercises and employee portals
- Fund administration with LP portal
- Scenario and waterfall modeling
- 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
- 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
- Handles European option schemes US tools fumble
- Free tier for early portfolio companies
- Strong employee-facing equity experience
Cons
- Pricing has climbed steadily with market position
- Support quality varies with plan tier
- Less useful for pure US-Delaware portfolios
- Investor-side features thinner than company-side