Tenacap review
Broad cap-table control with a free plan and paid modeling, portal, and compliance tools.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Tenacap is a web-based cap table management platform for founders and early-stage companies. It handles share classes, fully diluted ownership, option plans, ISO and NSO grants, vesting, exercises, SAFEs, convertible notes, priced-round modeling, stakeholder portals, board approvals, compliance tracking, and audit trails. Its fit is strongest for startups that want broad ownership administration in one system, including companies moving from Carta, Pulley, Mantle, workbooks, or spreadsheets.
The Starter plan is free and includes unlimited stakeholders, SAFEs, convertible notes, options, RSAs, 409A and 83(b) tracking, one saved scenario, imports, and CSV or JSON export. Traction costs $39 per month or $399 per year and adds document templates, e-signature, employee and investor portals, unlimited saved scenarios, pro forma and waterfall modeling, and board approvals. Growth costs $99 per month or $999 per year, adding ASC 718 expense reporting, Rule 701, QSBS, Form 3921 and ISO/AMT tax reporting, plus a fingerprint-based diligence export. Individual Traction features are available for $8 per feature per month, while individual Growth features cost $12 per feature per month. Nobody is billed during beta; the listed prices take effect at general availability.
Tenacap's main practical advantage is breadth: teams can import existing ownership records, model conversions and dilution, share information through stakeholder portals, and export CSV, JSON, or a complete archive. The tamper-evident change log and audit trail support a record of cap-table changes, while approvals and consent e-signature extend the workflow beyond ownership calculations. The trade-off is scope: Tenacap is currently in beta, runs on the web, and focuses on US Delaware companies. Startups needing that focus and a free starting point should consider it; companies outside that context or needing mature availability should look elsewhere.
Tenacap pros and cons
- Where it wins
- Free plan covers stakeholders, SAFEs, options, tracking, imports, and exports
- Models dilution across options, SAFEs, notes, and priced rounds
- Adds portals, approvals, audit trails, and compliance tracking
- Where it doesn't
- Advanced reporting and diligence exports require the Growth tier
- The free plan includes only one saved scenario
- Focused on US Delaware companies and currently in beta
Tenacap fact sheet, pricing and score →
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