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Carta 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
Carta
US startups (and UK companies via Carta's former Capdesk plans) that want one platform from first SAFE through 409As, ASC 718 reporting and an eventual IPO.
Ledgy
European and UK scale-ups with growing, multi-country teams that want equity plans automated through their HR stack.
Side by side
| Carta | Ledgy | |
|---|---|---|
| Pricing | Free (Launch); paid plans quote-based | Free (Launch); Scale from €5k/year |
| G2 Rating | Not yet verified | 4.7 (65 reviews) |
| Best For | US startups (and UK companies via Carta's former Capdesk plans) that want one platform from first SAFE through 409As, ASC 718 reporting and an eventual IPO. | European and UK scale-ups with growing, multi-country teams that want equity plans automated through their HR stack. |
Pros and cons
Carta
Pros
- Free Launch plan is a full product, not a trial
- Covers cap table, 409A, ASC 718 and tender offers in one vendor
- SEC-registered transfer agent for US companies
- Widely used, so investors and law firms often know it
Cons
- No published prices for paid plans
- ASC 718 and US exit modeling sit on the top Scale plan
- Moving past 25 stakeholders or $1M raised means a paid contract with a minimum annual fee
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.