Carta vs Paperstreet
A side-by-side comparison of Carta and Paperstreet — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
LP Reporting & Investor Relations
Rating
4.5 / 5
4.3 / 5
Pricing
Custom / Tiered
Subscription / Custom
Best for
GPs standardizing equity records and fund admin in one place
Fund I–III managers upgrading from email-and-PDF reporting
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
- LP portal with capital account statements
- Quarterly update publishing
- Capital call and distribution notices
- Document distribution and storage
- Works alongside your fund administrator
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
- Venture-native — built around how small funds report
- LP experience punches far above a Fund I's weight
- Light lift to implement next to an existing admin
Cons
- Pricing has climbed steadily with market position
- Support quality varies with plan tier
- Point solution — accounting still lives with your admin
- Smaller vendor than institutional IR suites