Software advice
Best AI Cap Table Management Software in 2026
AI cap table management software is a web application that records who owns what in a company, including shares, options, SAFEs and convertibles, and adds AI that answers ownership questions in plain language, drafts equity admin steps or connects the cap table to an outside assistant. It is not a law firm, a share registry for listed issuers or a payroll tool.
Quick answer
EquityList ranks first because its AI credit quotas, plan prices and security claims are printed. Cake Equity fits startups that want a free plan and an MCP connection. Ledgy fits European teams that want a written AI policy and Swiss and EU hosting.
A founder or finance lead picking a cap table tool usually has a spreadsheet, an option plan to administer and a funding round on the calendar. Vendors now add AI to every pitch: assistants that answer who owns what, agents that prepare grants, and MCP servers that let ChatGPT or Claude read the ledger. The pages say far less about what that AI costs, whether it trains on your equity data or who can switch it off. This ranking weighs printed prices, stated AI limits, hosting and certification claims, and stakeholder caps. We read vendor pages in November 2026 and ran none of the tools, so speed and accuracy claims remain the vendors' own.
The 11 best AI cap table management software in 2026, ranked
There is no score. Vendors can pay for more visibility on this website, for example a higher place in a ranking or more room on a page. Commercial relationships can also affect which products we feature and how prominently. How we rank.
| # | Tool | Best for | Free plan | Entry price |
|---|---|---|---|---|
| 1 | EquityList | Startups that want a free start and an AI quota they can read off the pricing page | Yes | $0 per month, Build $100 per month billed annually |
| 2 | Cake Equity | Early companies that want SAFEs, vesting and an MCP connection without a sales call | Yes | $0, Build $1,000 per year |
| 3 | Ledgy | European companies that want AI backed by a written policy and EU data centers | No | Quoted |
| 4 | Allshares Grow | Growth companies in Sweden and Finland that want an optional, auditable AI layer | Trial | Quoted |
| 5 | SeedLegals | UK startups that want the cap table, option schemes and funding documents in one subscription | Trial | 649 pounds per year plus VAT |
| 6 | Certent | Private and public companies that need audit-ready ASC 718 reporting with an AI assistant | No | Quoted |
| 7 | Qapita | Startups outside the U.S. that want a free plan and printed per-stakeholder overage | Yes | Free, Surge $1,600 per year |
| 8 | Vestd | UK companies that file with Companies House and run EMI or growth share schemes | No | From 25 pounds per month excluding VAT |
| 9 | Astrella | U.S. companies that want every feature on each plan and pay only by stakeholder count | No | $1,200 per year |
| 10 | J.P. Morgan Workplace Solutions (formerly Global Shares) | Multinational issuers that run ESPP, RSU and LTIP plans and need executive services | No | Quoted |
| 11 | Equity Edge Online | Public companies that already bank with Morgan Stanley and need stock plan administration | No | Quoted |
- 1
EquityList ranks first because the AI is quantified. The pricing page lists 1,000 lifetime credits on Free, 5,000 a month on Build and 10,000 a month on Growth, next to printed dollar prices, and the privacy policy names ISO 27001 and SOC 2. Gaps: no training policy, retention period or legal entity name in the footer, and the free plan is hard capped at 10 stakeholders.
Strong on
- AI credits are set per plan, so the cost of the Equity Agent can be estimated before buying
- Monthly and annual prices are printed for Build and Growth, with overage rates stated
- Privacy policy names ISO 27001 and SOC 2 and offers India or United States hosting
Weak on
- Free plan is hard capped at 10 stakeholders, and Build adds $35 per stakeholder per year after 35
- SAML/SSO and tender offers are Enterprise only, and the pages state no AI training policy
Skip it if: Companies that need a stated no-training AI policy or a European data region, since neither appears on the pages we read. Free covers 10 stakeholders and 1,000 lifetime AI credits. Build and Growth add monthly AI credits and per-stakeholder overage.
- 2
Cake Equity takes second place for printed prices and a clear AI hook. Free covers 5 stakeholders, Build is $1,000 a year, Team is $2,750 and lists AI access through MCP, and the security page states ISO 27001 and AWS hosting in Australia. It ranks below EquityList because AI sits only on Team, stakeholder caps are tight, and no AI training policy is stated.
Strong on
- Team plan lists AI access (MCP) with answers from the cap table in plain English
- Free plan covers a cap table, stock options and SAFE notes for 5 stakeholders
- Security page states ISO/IEC 27001:2022 and AWS hosting in Australia
Weak on
- Stakeholder caps are 5 on Free, 25 on Build and 40 on Team
- The security page is inconsistent on whether Pro customers must use two-factor authentication
Skip it if: Companies with more than 40 holders that want published pricing, since Pro is a custom quote. Free covers 5 stakeholders. Build allows 25, Team 40, and the 409A add-on is $1,500 yearly.
- 3
Ledgy ranks third because it has the strongest written AI position of the group but the least pricing. Its AI policy states client data is not used to train external or general-purpose models, and the privacy notice names data centers in Switzerland and the EU. The homepage describes Ledgy AI and an Agent and MCP. No price, plan name or free tier is published.
Strong on
- AI policy states client data input to AI tools is not used to train external models
- Ledgy Agent and MCP are described as answering questions from live equity data
- Privacy notice names data centers in Switzerland and the EU
Weak on
- No prices, plan names, free plan or trial are published on the pages opened
- Executive compensation and carried interest are listed as coming soon
Skip it if: Teams that want to compare prices before talking to sales, since pricing is split by segment and not shown. No prices are published. Plans split into private and public segments, with a custom Enterprise quote.
- 4
Allshares Grow ranks fourth. The homepage says its AI Chieftain is optional, auditable and never trained on client data, and it names Morgan Stanley, J.P. Morgan, Carta and Ledgy as bring-your-own integrations. The privacy policy says assistant inputs are discarded after 90 days. Plan prices, trial length and certifications are not stated, which keeps it behind the tools with printed numbers.
Strong on
- AI Chieftain is described as optional and auditable across the platform
- Homepage offers a free start with no credit card
- Cap table covers option programs, share classes and a fully diluted ownership summary
Weak on
- No plan prices are published, and the pricing page returned a 404
- Privacy policy says AI Navigation Assistant inputs are kept for 90 days
Skip it if: Buyers who need a published price list or named security certifications before a first call. Start for free needs no credit card. No plan prices are published, and the pricing page returned 404.
- 5
SeedLegals ranks fifth. It prints three annual prices, from 649 pounds for Access to 2,699 pounds for Options with EMI schemes, and the privacy policy states zero-training terms for its AI chatbot plus EU storage. The AI is a chatbot rather than a cap table agent, round fees are extra, and no certifications are stated.
Strong on
- Access includes an unlimited-shareholder cap table, data room and board management
- Options adds EMI and Unapproved schemes, EMI valuations and an employee dashboard
- Privacy policy states chatbot data is shared on a zero training basis
Weak on
- Monthly prices are not published for Funding or Options
- Round fees such as SeedFAST are charged per product on top of subscriptions
Skip it if: Companies outside the UK, since the plans center on UK schemes such as EMI and SEIS/EIS. Access is billed annually with a 7-day free trial. Round fees are charged per product on top of subscriptions.
- 6
Certent ranks sixth. Ask Certent is an AI assistant that answers questions about your equity, and the product covers cap tables, grants, Section 16 and ASC 718 reporting. It sits below the startup tools because pricing is gated, the pages state no training policy, hosting region or certifications, and the connectors page was not opened.
Strong on
- Ask Certent answers equity questions in an AI assistant, with sample questions on the page
- Reporting covers SEC and FASB needs, Section 16 and auditable records
- Self-run, managed or hybrid service models are offered
Weak on
- Pricing is gated behind a separate pricing request
- No hosting region, training policy or certification is stated on the page opened
Skip it if: Seed-stage founders who need a free tier or a self-serve checkout. No prices are shown on the product page. A separate pricing request is required, and no free trial is published.
- 7
Qapita ranks seventh because the pricing is clear but the AI is not. Spark is free, Surge is $1,600 a year, Growth is $3,000 and adds a 409A report and Form 3921, and overage per stakeholder is printed. No AI capability is named on the pages we read, and the privacy policy states no training policy or hosting region.
Strong on
- Spark plan is free with cap table, funding round modelling and a data room
- Surge and Growth print per-stakeholder overage of $40 and $60 per year
- Growth includes a 409A valuation report and board consents
Weak on
- No AI capability is named on the pages opened
- The global and US$ price sets differ in some plan contents
Skip it if: Buyers who need an AI assistant today, since none is named on the pages we read. Spark is free for up to 25 stakeholders and under $1M raised. Surge adds $40 per extra stakeholder per year.
- 8
Vestd ranks eighth. The pricing page lists Essentials from 25 pounds a month, Starter from 225 and Guided service from 435, and the homepage shows an ISO 27001 badge. The AI is limited to a search-or-ask box on the homepage, the contract runs 12 months and renews automatically, and no hosting region or training policy is stated.
Strong on
- Two-way Companies House integration keeps cap table records matched
- Guided service adds HMRC submission support and unlimited HMRC valuations
- Homepage shows an ISO 27001 badge, though no SOC 2 report is stated
Weak on
- Contract has a 12-month minimum that renews automatically
- The only AI named is a search-or-ask box, with no policy on training or hosting
Skip it if: Companies outside the UK, since the product is built around Companies House and HMRC. Essentials starts at 25 pounds monthly. Starter and Guided service cost more, with a renewing 12-month minimum.
- 9
Astrella ranks ninth. Every plan carries the same features and the price steps by stakeholder count, from $1,200 for up to 25 holders to $8,200 for up to 300, with ASC 718 and IFRS reporting and a dedicated implementation manager. No AI is named on the pages we read, and no free plan, hosting region or certification is stated.
Strong on
- Same feature set on every plan, so price depends only on stakeholder count
- Includes ASC 718 and IFRS reporting and unlimited hotline support
- Full-service onboarding comes with a dedicated implementation manager
Weak on
- Add-ons such as 409A, 83(b), HRIS and Corporate Actions are quoted separately
- No AI capability, free plan or currency code is stated on the pricing page
Skip it if: Teams that want an AI assistant or a free plan, since neither appears on the pages we read. Early Stage covers up to 25 stakeholders with all features. No currency code is shown, and add-ons are quoted.
- 10
J.P. Morgan Workplace Solutions, formerly Global Shares, ranks tenth. It covers cap tables, ESPP, RSU, LTIP and SOP plan types, API integration for admins and BI reporting. The pages we read name no AI capability, no prices and no data handling, because the privacy page returned a 403, and the brand moved while the URL stayed globalshares.com.
Strong on
- Equity plan types named include ESPP, RSU, LTIPs and SOP
- API integration for admins, BI reporting and financial reporting are listed
- Participant communications and employee self-service are listed capabilities
Weak on
- No prices, trial or AI capability are published on the pages opened
- Privacy page returned a 403, so data handling was not checked
Skip it if: Early-stage startups, since the product is sold by demo request to larger plan administrators. No prices are published. The product is sold by request through a demo form.
- 11
Equity Edge Online ranks last. It is a cloud platform for equity administration and financial reporting for public companies, plus liquidity and 409A services for private ones, and participants log in through Morgan Stanley at Work. The pages we read name no AI capability, no prices, no hosting region and no data policy, since only the product page was opened.
Strong on
- Equity administration and financial reporting modules are offered for public companies
- Liquidity and 409A valuation services are listed for private companies
- Employees reach stock plan accounts through the Morgan Stanley at Work login
Weak on
- No prices, free trial or AI capability appear on the page opened
- Privacy and terms pages were not opened, so data handling is unchecked
Skip it if: Startups looking for self-serve pricing or an AI assistant, since the page shows neither. No prices or free trial appear on the page opened. Solutions are sold by segment, for private and public companies.
How these AI cap table management software were judged
How useful is the AI in a cap table tool?
AI is useful here when it reads the live ledger rather than a pasted export. Ledgy says its agent and MCP server answer questions from live equity data, and Cake Equity offers plain-English answers from the cap table inside tools a team already uses. Certent has Ask Certent, and Allshares Grow has an optional, auditable assistant. EquityList sells credits for its Equity Agent. Qapita, Astrella, Global Shares and Equity Edge Online name no AI on the pages we read. Test any assistant with five questions you can verify, such as fully diluted ownership after a planned round.
What does cap table software with AI cost?
Prices track stakeholder counts more than AI. As of November 2026, EquityList lists a free plan for 10 stakeholders, Build at $100 a month billed annually and Growth at $292. Cake Equity charges $1,000 a year for Build and $2,750 for Team. Qapita lists $1,600 and $3,000 a year, Astrella $1,200 to $8,200 a year, Vestd from 25 pounds a month and SeedLegals from 649 pounds a year plus VAT. Ledgy, Certent, Global Shares and Equity Edge Online publish no prices, so expect a sales call.
Does the vendor train AI on your equity data?
Cap tables hold names, holdings and valuations, so the AI data stance matters. Ledgy states in its AI policy that client data is not used to train external or general-purpose models, and SeedLegals says its chatbot receives data on a zero training basis. Allshares Grow says its AI is never trained on client data. Cake Equity names AWS in Australia and ISO 27001. Qapita, Astrella, Certent and Global Shares did not state a training policy on the pages we read, so ask in writing.
How hard is it to leave a cap table platform?
Moving a cap table means exporting every grant, vesting schedule, exercise and signed document, and then proving the new ledger matches the old one. Cake Equity includes free migration on Team and a managed migration on Pro, and Vestd lists migration support on Enterprise. Annual billing is the norm: Vestd has a 12-month minimum that renews automatically, and Cake Equity's Team plan is annual only. Before signing, ask for a full export of a sample company and check that vesting history survives the round trip.
Which cap table tool fits your company?
Match the tool to your jurisdiction and stage. A U.S. startup with fewer than 10 holders can start on EquityList or Cake Equity. UK companies with EMI schemes and Companies House filings look at Vestd or SeedLegals. Swiss and EU companies preparing for an IPO look at Ledgy. Swedish and Finnish growth companies look at Allshares Grow. Listed issuers that need Section 16 and ASC 718 reporting look at Certent, Global Shares or Equity Edge Online. Count holders first, because every plan is capped or priced by stakeholder.
How to choose an AI cap table management tool in three steps
- Ask five ownership questions of every assistant. Write five questions you can check by hand: fully diluted ownership today, ownership after a planned round, vested options for one employee, the strike price on a given grant and the pool left unallocated. Put the same questions to each AI in a trial. Count correct answers and watch whether the assistant shows its source rows, and whether it admits when it cannot answer. An assistant that guesses on a cap table is worse than none, since a wrong share count can flow into a term sheet.
- Count stakeholders against plan caps. List every shareholder, option holder, advisor and investor, then compare the number with each plan. Cake Equity caps Free at 5, Build at 25 and Team at 40, EquityList caps Free at 10, and Qapita Spark stops at 25 holders and under $1M raised. Astrella charges by tiers of 25, 100 and 300 holders. Add a year of expected hires and advisors, because crossing a cap can move you up a plan or trigger a per-stakeholder fee in the middle of the contract year.
- Check where the data lives and who trains on it. Ask each shortlisted vendor for the hosting region, the certification report and the written AI data policy. Ledgy states Switzerland and the EU, Cake Equity names AWS in Australia, and EquityList names India or the United States. If a vendor cannot say whether prompts and ledger data train a model, keep AI features switched off for the real company file until it answers in writing. Also ask what is deleted when you cancel, and how long backups persist after that.
Frequently asked questions
What is the best AI cap table management software in 2026?
EquityList ranks first here because it prints AI credit quotas per plan, shows monthly prices from a free tier and names ISO 27001 and SOC 2. Cake Equity is the pick for a free start with MCP access, and Ledgy suits European companies that want a written AI policy and EU hosting.
Can ChatGPT or Claude read my cap table?
Through MCP, yes, with some vendors. Cake Equity lists Cake MCP for answers inside the AI tools a team already uses, and Ledgy offers an Agent and MCP. Pages we read for other vendors did not mention MCP. Check which plan includes it, since Cake Equity lists AI access on Team.
Is there a free cap table tool with AI features?
EquityList has a free plan with 10 stakeholders and 1,000 lifetime AI credits. Cake Equity has a free plan for 5 stakeholders, though its MCP access is listed on Team. Qapita's Spark plan is free for up to 25 stakeholders and under $1M raised, but no AI is named on its pages.
Does cap table AI train on my company's data?
It depends on the vendor. Ledgy states that client data input into its AI tools is not used to train external or general-purpose models. SeedLegals says zero training basis for its chatbot, and Allshares Grow says its AI is never trained on client data. Several others state nothing, so ask in writing.
Which cap table tools are hosted in Europe?
Ledgy's privacy notice names data centers in Switzerland and the EU, and SeedLegals says it currently stores data in the EU, though data may also be processed in the United States. Cake Equity names AWS in Australia, and EquityList names India or the United States. Most others did not state a region.
How much does cap table software cost for 30 stakeholders?
At printed annual rates, Cake Equity Build is $1,000 for up to 25 holders and Team is $2,750 for up to 40. EquityList Build is about $1,200 a year for 35 holders. Qapita Surge is $1,600 for 40, and Astrella Emerging is $3,200. Quote-only vendors are not comparable until you ask.
Can a cap table tool replace a lawyer?
No. The tools record ownership and generate documents, but share issues, option schemes and priced rounds still need legal advice. SeedLegals and Vestd bundle filings and scheme support for UK companies, and EquityList and Cake Equity add board approvals and e-signing. AI answers describe the ledger and do not give legal advice.
Should I use a spreadsheet instead of cap table software?
A spreadsheet works for a handful of founders and one round. It breaks once options vest on schedules, investors need updates and auditors want a history. Free tiers from EquityList, Cake Equity and Qapita make the switch cheap, so move before the first priced round rather than during it.