Carta vs Pulley
A side-by-side comparison of Carta and Pulley — 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
From ~$100/mo
Best for
GPs standardizing equity records and fund admin in one place
Early-stage portcos wanting speed over incumbency
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 and SAFE management
- Option grants and employee equity portal
- 409A valuations
- Round and dilution scenario modeling
- Pro-forma cap tables for fundraising
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
- Quick onboarding and responsive support
- Strong SAFE-native modeling for early-stage rounds
- Cheaper than the incumbent at comparable stages
Cons
- Pricing has climbed steadily with market position
- Support quality varies with plan tier
- Ecosystem and integrations trail Carta's
- No fund-side products — company cap tables only