Capboard vs Ledgy

Capboard manages company equity and gives stakeholders visibility into their holdings. Its cap table tracks equity history and supports projections for funding rounds and company sales. Users can model funding and exit scenarios, including dilution, voting rights, and shareholder payouts. Employee equity tools cover options, phantom shares, warrants, SARs, vesting schedules, and automated grant letters. Capboard also supports investor updates, metric reporting, board management, and shareholder meetings. Its virtual data room provides secure document storage and sharing, contract templates, and Capboard e-signature. The service is available on the web and self-hosted. Listed safeguards include Google and Microsoft SSO, two-factor authentication, administrator controls, and GDPR-compliant hosting on AWS servers in the EU. Role-based access can be assigned to founders, investors or advisers, employees, and collaborators, with user access and changes monitored. Capboard is intended for founders, investors, employees, and lawyers working with company equity. A free plan and 14-day trial are listed, with paid plans from €270/yr. Stakeholder counts exclude external collaborators such as lawyers.

Ledgy manages equity and executive compensation for companies from incorporation through post-IPO, serving finance, legal, and people teams at private and public companies. Its tools cover cap tables, share plans, grants, employee communications, compliance, financial reporting, trading and settlement, and executive compensation. The platform automates country-specific compliance and global mobility reports, custom vesting, and IFRS 2 expensing. More than 70 HRIS integrations support synchronized data and grant workflows; automation also covers bulk document creation and signing, exercising, and offboarding. Employees can view grants, vesting schedules, and award updates, and exercise or trade shares. Ledgy states it is ISO 27001:2022 certified and lists controls including TLS 1.3 encryption, SAML SSO with SCIM provisioning, role-based access, and GDPR compliance. Its GraphQL API uses OAuth 2.0 service accounts and is limited to 20 requests every 5 seconds per company. The free Launch plan covers up to 50 stakeholders. Essentials starts at €3k/year, Scale and Advanced at €5k/year, and Enterprise at €18k/year; Public has custom pricing.