Stop Overpaying for Equity Management: Why Capboard Is 3× Cheaper Than Ledgy, Carta, and Pulley — and AI-Ready

Stop Overpaying for Equity Management

💡 The Problem: Most Startups Pay for Features They Don’t Use

Equity management software has become essential for growing startups.
But as tools like Ledgy, Carta, and Pulley have evolved, so have their prices — often far beyond what an early-stage company really needs.

If you’re still managing a small or medium-sized cap table, you probably just need:

• A clean and compliant cap table

• A reliable ESOP or phantom share tracker

• Simple investor reporting

• Transparent, affordable pricing

That’s exactly what Capboard delivers — without the enterprise-level costs.

💸 Pricing Comparison: The Reality in 2025

💡 Capboard’s annual pricing starts at €270/year — roughly one-third of Ledgy’s published starting tier.

⚙️ What You Actually Get with Capboard

Capboard focuses on the essential functionality most founders use every day:

1. Cap Table Management
   Keep all shareholders, SAFEs, and convertible notes updated in real time.

2. ESOPs & Phantom Shares
   Create and manage employee plans, vesting schedules, and exercises automatically.

3. Investor Reporting
   Generate reports, visualize ownership, and share securely with investors.

4. Virtual Data Room
   Store and organize company documents for due diligence or audits.

5. Data Portability
   Export your data at any time in CSV or Excel — no restrictions, no extra cost.

Capboard’s goal is to give startups exactly what they need to stay compliant and transparent, without paying for features built for large corporates.

💸 Ledgy Growth Plan vs Capboard Pro

Ledgy’s Growth plan starts at €900/year (publicly listed).
Capboard’s Pro plan starts at €270/year and includes all standard equity management tools — cap tables, ESOPs, vesting, and reporting.

Sources: Ledgy public pricing page (2025), Capboard.io.

🧠 Using Capboard Data with AI

Because Capboard lets you export data freely, you can easily use it with AI tools like ChatGPT, Notion AI, or Google Gemini to get instant insights.

How it works

1. Export your cap table or ESOP data in CSV or Excel.

2. Upload the file to your preferred AI assistant.

3. Ask questions like:

   • “Who are the top 5 shareholders and their ownership percentages?”

   • “How would a €2M round at a €10M valuation affect dilution?”

   • “Summarize all employees fully vested this quarter.”

You can even connect Capboard exports to:

• 📊 Google Sheets for valuation modeling

• 🧾 Notion AI for investor summaries

• 💬 ChatGPT for automated reporting

Your data, your choice — Capboard keeps it open so you can use it with any tool.

🔐 Why Data Portability Matters

Unlike many systems that make exporting difficult, Capboard believes your company data belongs to you.
That’s why:

• You can export everything in open formats (CSV, Excel, PDF).

• You can integrate with your preferred systems (Zapier, Make, etc.).

• There are no paywalls or hidden export fees.

Transparency and flexibility are part of the product — not add-ons.

🌍 Built for Global Compliance

Capboard supports local equity and ESOP standards in:

• 🇪🇺 Europe – BSPCE (France), VSOP (Germany), Phantom Shares (Spain, Netherlands)

• 🇬🇧 United Kingdom – EMI and option plans

• 🇺🇸 United States – SAFE, Convertible Notes, Stock Options

• 🇨🇦 Canada – RSU and Stock Option Plans

Whether you’re a Delaware C-Corp or a Spanish SL, Capboard adapts to your structure.

💬 What Founders Say

“We switched from Ledgy to Capboard and reduced our annual costs by more than 70%. The experience is cleaner and our team can now export data anytime.”
— Startup Founder, London

“Capboard gives us all we need — cap table, ESOP, and investor reports — for €270 a year. Perfect for early-stage companies.”
— SaaS CEO, Berlin

🚀 Start Managing Equity the Smart Way

Capboard is for founders who want:

• The same essential equity tools at a fraction of the price

• Full control over their data and exports

• AI-ready flexibility to build custom insights