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Cap Table Management

AngelList vs. Carta
Cap Tables

Equity is your company’s greatest asset, and managing it can be complex and expensive. Compare and choose the equity management platform that is right for your company.

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AngelList vs. Carta for Fund Management

Top 3 reasons why companies
choose AngelList

1

Software simplicity
One-of-a-kind tools that keep your cap table clean and compliant.

Marie Schneegans

Seed stage

Motif switched from Carta to AngelList for the better user experience, especially the ability to keep a cleaner cap table with RUVs, and to get away from expensive stakeholder-based pricing

Marie Schneegans — Co-Founder

2

Pricing & service
Only pay for team members with equity, not investors.

David Snider

Series A

Harness Wealth switched from Carta to AngelList for the ease of cap table entries, responsiveness of service requests, scope of features, and price.

David Snider — Founder/CEO

3

A single provider
Bundle equity, fundraising, banking, and people tools on AngelList.

David Ikenna Adams

Pre-seed stage

If Then Ventures was able to onboard 35 angel investors as a single line on their startup’s cap table by using a Roll Up Vehicle.

David Ikenna Adams – Founder

A closer look

Features that help companies make better decisions, automate workflows, and stay compliant—all while saving time and money.

The basics: a 1-to-1 comparison

See how AngelList stacks up against Carta on these foundational features.

AngelList
Carta

Cap table management

Cap table management is the process of tracking and managing the ownership and equity of a company, including the allocation and vesting of stock options.

Cap table

Electronic share issuance

Equity grant issuance

Board consents

Investor & employee dashboard

Employee option exercising

Compliance / 409A Valuation

The method for determining the value of stock options granted to employees as part of their compensation package.

Standard 409A valuation

Standard 409A refreshes for material events

Add-on

409A audit support

External Vendor

Complex 409A valuation

Add-on

Add-on

ISO disqualification check

Account audit reports

Public companies

Expense reporting (ASC 718)

Transfer agent for companies using Reg CF

Rule 701 management

Equity reporting

The process of disclosing ownership interests in a company through financial statements and other financial disclosures. It provides information on the company's capital structure and the rights and obligations of shareholders.

Capitalization reports with drafts

Equity plan balance report

Rule 701 analysis worksheet

Exercise reports

Scenario modeling

Analyze and predict outcomes based on different assumptions and variables.

Partial support

Financing round modeling

Waterfall modeling

Breakpoints

Sensitivity analysis

Payouts

Financial transactions

Option exercises

Repurchases

Stock transfers

Tender offers

On request

On request

Shareholder management

Tools for communication, transparent decision-making, and ensuring fair distribution of profits and ownership rights.

Permissions: internal and external

Grant cap table access

Option grant & exercise approvals

Board consents

Board meeting management

Employee platform

Investor updates

Investor platform

Law firm platform

Liquidity

Easily convert assets into cash without affecting the price. Measure how easily an asset can be bought or sold in the market.

Tender offer platform & account manager

Data Rooms

Secure online spaces to store and share sensitive information during due diligence or other business transactions.

Access controls, viewership analytics

Add-on

Third-party comparison based on publicly available materials.

The AngelList Difference

AngelList offers several unique features that Carta simply doesn’t.

AngelList
Carta

Roll Up Vehicles® (RUVs)

Add multiple investors as a single line on your cap table with RUVs. Startups on AngelList get access to a No-Fee RUV in our Growth + plan.

Tie Out Assistant™

Ensure cap table accuracy thanks to automatic AI review of the underlying legal documents.

Increased transparency

Startups can see exactly what stakeholders see. No surprise emails are sent to your stakeholders.

Fast concierge migration

AngelList works with your team and law firm to migrate your cap table from all major cap table software providers. Most companies experience no added legal fees and are live within 3-5 business days.

Cap Table Lookthrough

See the full set of owners behind entities.

Add investors without adding costs

Investors are free. Only pay for team members (founders, employees, advisors with equity on your cap table).

End-to-end SAFE automation

Enjoy a full integrated online SAFE process, from board consent to collecting investor funds and updating the cap table.

Real-time valuation benchmarks

Avoid using stale data in your fundraise. See startup valuation data in real-time.

Rollups

Rollups™ retroactively clean up the SAFEs already on the cap table so your company get faster equity rounds, and lower administrative costs. Included in the Growth plan.

Third-party comparison based on publicly available materials.

Go beyond with

A one-of-a-kind startups software solution in a single bundle.

AngelList
Carta

AngelList Equity

Your cap table as described above.

Included

Separate purchase

AngelList Raise

Close equity rounds.

Included

AngelList Banking

High-interest checking, fully operational accounts, deeply integrated to make option exercise and collecting funds from investors easy.

Included

AngelList People

Compensation benchmarking and visual offer letters.

Included

Separate purchase

Third-party comparison based on publicly available materials.

Avoid compounding costs

Because your investors are free with AngelList compared to Carta, you save money directly when migrating and continuously as your company grows.

How it works

Our team offers full-service, expedited onboarding for prior Carta customers.

Carta migration

We do all the work of migrating your cap table, no onboarding fees.

When you sign up, choose "Moving from Carta", and our team takes care of the rest. Next, your team

Recover Lost Money

Have some months left on your Carta subscription?

We're comp’ing startups for their time remaining on Carta. So, if you have 6 months left with Carta, you will get the first 6 months free on AngelList with our standard annual contract.

Law firm

Your law firm can initiate the process and complete your migration for you.

Kyle WestawayKyle Westaway
I would recommend RUVs to all the founders I work with. Startups can save time and money while ensuring they have a clean cap table, which makes fundraising and M&A much smoother.

Kyle Westaway

Startup Attorney, Westaway

Pricing

Plans for every stage

The Starter Plan is free for companies that have raised less than $1M. Get started.

Starter

$1,600

/ year

Free for companies that have raised less than $1M

20 team members included
$9 per additional member/month
Investors are free

Features

  • Equity (cap table management)

  • Raise (fundraising automation)

  • Banking

  • Offers

Growth

$3,200

/ year

30 team members included
$10 per additional member/month
Investors are free

Everything in Starter, and:

  • 409A valuation

  • E-sign for equity grants

  • Cap table pro forma generation

  • Option exercise transactions

  • HRIS integrations

  • Unlimited Rollups

Growth +

$5,600

/ year

30 team members included
$10 per additional member/month
Investors are free

Everything in Growth, and:

  • One standard RUV per year

  • Automated closings for equity (priced) rounds

  • Equity Blocks

Scale

Contact us

Tailored plans for larger companies
Discounts for multi-year contracts
Investors are free

Everything in Growth +, and:

  • ASC 718

  • Priority support (phone/Slack)

  • Fast-tracked onboarding

  • Early access to new features

Prices listed above are not inclusive of applicable state taxes.

In good company

The AngelList platform increases the flow of capital to startups by removing friction for investors.

1,600+

Startups that switched their cap table to AngelList from other providers

$581M

Capital raised by founders on AngelList

$52M

Saved for startups via RUVs

16,809

Investors on AngelList

11,000+

Startups funded

17,337

Investments into unique startups on AngelList since 2014

2,919

Fund managers on AngelList

From the founder community

Follow @AngelList

Have questions or want to
schedule a demo?

AngelList vs. Carta for Fund Management