Carta vs LTSE Equity
A side-by-side comparison of Carta and LTSE Equity — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.5 / 5
4.1 / 5
Pricing
Custom / Tiered
Self-serve tiers
Best for
GPs standardizing equity records and fund admin in one place
Seed-stage portcos keeping clean records cheaply
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 and share ledger
- Round and dilution scenario modeling
- SAFE and convertible tracking
- Waterfall and exit analysis
- Board and stakeholder document storage
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
- Honest pricing for early-stage reality
- Simple enough for founders to keep accurate themselves
- Backed by an SEC-registered exchange operator
Cons
- Pricing has climbed steadily with market position
- Support quality varies with plan tier
- No 409A or fund-side products in the core offering
- Lighter automation than premium platforms