Cake Equity review
A broad equity toolkit with a free tier and paid compliance workflows.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Cake Equity is an equity management platform for startups and growing companies. It brings cap table management, stock grants, vesting schedules, fundraising modelling, stakeholder communications, employee equity access, valuations, and compliance reporting into one web platform. Its documented workflows cover founders, finance teams, employees, investors, and attorneys, making it a fit for companies managing equity from formation through later-stage growth. The recipient limit is 25, which makes it more suitable for smaller teams and early-stage administration than for large-scale equity operations.
The Free plan includes cap table, stock options, and SAFE notes, along with Starter and Growth features, and does not require a credit card. Build costs $1,000 per year with annual billing and adds cap table management, SAFE and convertible-note support, shareholder vesting, templated stock option grants, board approval flow, and fundraising modelling. Team costs $2,750 per year with annual billing and includes Build features plus audit-ready 409A valuation, ISO, NSO, RSU, and RSA plans, integrated options exercising, warrants, and the My Cake employee portal. Pro includes all plans features, 409A valuation, ESS reporting, share-based payment reporting, stock-based compensation reporting, and Form 3921 reporting.
Cake’s main strength is the range of equity instruments and administration workflows it supports. Automated vesting can handle cliffs, milestones, and pauses, while board approvals, grant documents, e-signing, employee access, and stakeholder portals extend beyond a basic cap table. SAFE, convertible-note, warrant, common-share, and preferred-share tracking also support multiple financing stages. Startups that want a free starting point and a path toward valuation, tax, and accounting workflows should consider Cake Equity. Teams needing more than 25 recipients or a non-web platform should look for an alternative.
Cake Equity pros and cons
- Where it wins
- Free plan covers cap tables, stock options, and SAFE notes
- Supports ISO, NSO, RSU, RSA, SAFEs, notes, and warrants
- Paid tiers add 409A, tax, and stock-based compensation reporting
- Where it doesn't
- Recipient limit is 25
- Available through the web platform
- Advanced compliance features require paid tiers
Cake Equity fact sheet, pricing and score →
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