Carta vs qashqade
A side-by-side comparison of Carta and qashqade — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Fund Admin & Back Office
Rating
4.5 / 5
4.2 / 5
Pricing
Custom / Tiered
Enterprise / Custom
Best for
GPs standardizing equity records and fund admin in one place
Funds and admins with non-trivial waterfall structures
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
- Rules-based waterfall calculation engine
- Carried interest and GP incentive tracking
- LPA validation against actual calculations
- Scenario modeling and investor reporting
- MCP layer for AI-assistant access
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
- Removes catastrophic spreadsheet risk from carry math
- Auditable logic satisfies LPs and fund admins
- Handles genuinely complex, multi-tier structures
Cons
- Pricing has climbed steadily with market position
- Support quality varies with plan tier
- Single-purpose spend on top of the accounting stack
- Initial LPA encoding takes real setup effort