Cake Equity vs Ledgy
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What you'd pay
Entry plan for 10 people, billed yearly where offered. Prices checked Oct 2026.
Free to start
Cake Equity
Seed and Series A startups that want clear annual pricing with 409A valuations included in the same bill.
Ledgy
European and UK scale-ups with growing, multi-country teams that want equity plans automated through their HR stack.
Side by side
| Cake Equity | Ledgy | |
|---|---|---|
| Pricing | Free up to 5 stakeholders; paid from $1,000/year | Free (Launch); Scale from €5k/year |
| G2 Rating | 4.8 (143 reviews) | 4.7 (65 reviews) |
| Best For | Seed and Series A startups that want clear annual pricing with 409A valuations included in the same bill. | European and UK scale-ups with growing, multi-country teams that want equity plans automated through their HR stack. |
Pros and cons
Cake Equity
Pros
- Clear published prices at every tier
- Two 409As a year included on Team ($2,750/year)
- Free managed migration from Carta, Pulley or spreadsheets
- Free plan for the earliest stage
Cons
- ASC 718, Form 3921 and Rule 701 require the custom-priced Pro plan
- Free plan is capped at 5 stakeholders
- Add-ons are annual-only
Ledgy
Pros
- Strong HRIS and payroll automation
- UK reporting alongside 409A and BSPCE valuations
- Expensing under IFRS 2, FRS 102 and ASC 718
- Free plan for small cap tables
Cons
- Big jump from free to Scale (from €5k/year)
- Financial reporting is a separate add-on from €3k/year
- Free plan stakeholder limit is stated two ways on the pricing page
Related comparisons
Best Cap Table Software
Carta is the best cap table software for most startups: free up to 25 stakeholders and $1M raised, and it scales to 409As and ASC 718. Pick Cake Equity if you want published prices.
Carta alternatives
Pick Cake Equity if you are a US startup leaving Carta over price: published plans, free migration and two 409As a year on Team. Pick Ledgy if you are in the UK or Europe. Stay on Carta if you want one vendor for everything up to IPO.