Ledgy vs SeedLegals
A side-by-side comparison of Ledgy and SeedLegals — two options for cap table & equity. Pricing, features, and honest pros and cons.
Category
Cap Table & Equity
Cap Table & Equity
Rating
4.4 / 5
4.6 / 5
Pricing
Free tier / Custom
From ~£49/mo
Best for
European portfolio companies and their investors
UK and European early-stage companies and their investors
Key features
- Cap table management for European entities
- ESOP and VSOP scheme administration
- Multi-jurisdiction legal and tax compliance
- Employee equity dashboards
- Scenario and exit modeling
- Automated funding round documents with term negotiation
- SeedFAST advance subscriptions and SeedNOTE convertibles
- SEIS/EIS advance assurance and compliance filings
- EMI option scheme setup and management
- Live cap table with scenario modeling
Pros
- Handles European option schemes US tools fumble
- Free tier for early portfolio companies
- Strong employee-facing equity experience
- Order-of-magnitude cheaper than law-firm-led early rounds
- UK tax-scheme workflows (SEIS/EIS/EMI) are genuinely best-in-class
- Standardized documents speed up investor review
Cons
- Less useful for pure US-Delaware portfolios
- Investor-side features thinner than company-side
- UK/Europe-centric — limited value for US-only portfolios
- Complex, heavily negotiated later rounds still need real counsel