Carta
Editor's pickThe system of record for startup equity — and your fund
4.5Custom / TieredBest for GPs standardizing equity records and fund admin in one place
Cap Table 409A Fund Admin
Overview
Carta is the dominant platform for startup equity — cap tables, 409A valuations and option management for tens of thousands of companies — and its fund administration arm now serves thousands of venture funds and SPVs. For a GP it is both sides of the table: the ledger your portfolio companies issue your shares on, and increasingly the place your fund runs its books, capital calls and LP portal.
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
- Investor-side portfolio dashboard across holdings
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
Cons
- Pricing has climbed steadily with market position
- Support quality varies with plan tier