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Head-to-head · Cap Table Management Software

Cake Equity vs Ledgy

  • Updated Oct 2026
  • Both researched from official sources
  • 1 check side by side
Higher score Cake Equity #2 in Cap Table Management Software 8.7/10 Free plan Free plan✓ 0 of 5 features Visit Cake Equity
Ledgy #3 in Cap Table Management Software 8.5/10 Free plan Free plan✓ 0 of 5 features Visit Ledgy

Cake Equity leads on 0 checks, Ledgy on 0, and 1 is even. Who comes out ahead on the 1 yes/no, price and count check where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreCake Equity · 8.7/10
  • Free planboth

Cake Equity scores higher on our rubric for cap table management software: 8.7 against 8.5 out of 10; our editors rank them #2 and #3.

Cake Equity is the better fit for companies needing compliance-rich equity administration. Ledgy is the better fit for international companies needing advanced equity compliance.

  • Cake Equity fits best

    Companies needing compliance-rich equity administration

  • Ledgy fits best

    International companies needing advanced equity compliance

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Cake Equity 8.7/10 Visit ↗ Ledgy 8.5/10 Visit ↗
At a glance
Editor score 8.7 8.5
Ranking #2 in Cap Table Management Software #3 in Cap Table Management Software
Best for Companies needing compliance-rich equity administration International companies needing advanced equity compliance
Pricing model Free plan + paid Free plan + paid
Starting price $1,000/yr —
Free plan ✓ ✓
Free trial — —
Deployment Cloud Cloud
Platforms Web Web
Support Email, Live chat, Phone, Community, Docs Email, Live chat, Docs
Compliance ISO 27001, 2FA SOC 2, ISO 27001, GDPR, SSO/SAML, 2FA
Built for Small business, Mid-market, Enterprise Small business, Mid-market, Enterprise
Features Cake Equity 0/5 · Ledgy 0/5
Share class tracking Not checked yet Not checked yet
Option management Not checked yet Not checked yet
Dilution scenarios Not checked yet Not checked yet
Fundraising modeling Not checked yet Not checked yet
Cap table import Not checked yet Not checked yet
Specs
Export formats Not checked yet Not checked yet
Our review
Pros
  • Supports options, RSUs, RSAs, SAFEs, notes, warrants, and shares
  • Includes vesting, approvals, grant documents, and e-signing
  • Covers 409A, Form 3921, Rule 701, and ASC 718 reporting
  • Supports ESOP, VSOP, LTIP, EMI, CSOP, RSUs, and other award types
  • Offers 70+ HRIS integrations plus automated granting and exercising
  • Covers IFRS 2, UK GAAP, US GAAP, tax, valuation, and compliance workflows
Cons
  • Available through the web platform only
  • Recipient limit is 25
  • Advanced compliance features require paid plans
  • Launch is limited to 50 stakeholders
  • Web-only access may not suit teams requiring a native desktop app
  • Multiple plans and financial reporting add-ons can make packaging complex
Our verdict

Cake Equity is an equity management platform for startups and growing companies. It brings together cap table administration, stock option and restricted-stock management, vesting schedules, fundraising and dilution modelling, valuations,…

Read the review →

Ledgy is a web-based equity and executive compensation management platform for private and public companies, covering the journey from incorporation through post-IPO. It brings together cap table management, equity and share plan…

Read the review →
  1. Cake EquityCap Table Management Software 8.7Free plan
  2. LedgyCap Table Management Software 8.5Free plan

Strengths and trade-offs

  • Cake Equity — where it wins

    • Supports options, RSUs, RSAs, SAFEs, notes, warrants, and shares
    • Includes vesting, approvals, grant documents, and e-signing
    • Covers 409A, Form 3921, Rule 701, and ASC 718 reporting

    Where it doesn't

    • Available through the web platform only
    • Recipient limit is 25
    • Advanced compliance features require paid plans

  • Ledgy — where it wins

    • Supports ESOP, VSOP, LTIP, EMI, CSOP, RSUs, and other award types
    • Offers 70+ HRIS integrations plus automated granting and exercising
    • Covers IFRS 2, UK GAAP, US GAAP, tax, valuation, and compliance workflows

    Where it doesn't

    • Launch is limited to 50 stakeholders
    • Web-only access may not suit teams requiring a native desktop app
    • Multiple plans and financial reporting add-ons can make packaging complex

More comparisons

All cap table management software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update