Capboard vs Mantle

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.

Mantle is a web-based cap table management platform from Mantle Equity for startups. It tracks share classes and securities such as SAFEs, preferred stock, warrants, and RSAs, and supports option management. Mantle says its AI can read SAFEs, notes, term sheets, and other documents to help create an audit-ready cap table. Users can model fundraising rounds, dilution, and option pools against their real-time cap table, then download a cap table in Open Cap Table Format (OCX). Built-in digital signatures support issuing grants and agreements. Customers can add counsel and other stakeholders without per-seat pricing, and plans include unlimited stakeholders. Starter is free and includes SAFE signing and templates, vesting schedules, scenario modeling, law firm integration, and cap table exports. Essentials costs $1,200 a year; Growth costs $3,000 a year and adds an annual 409A valuation and VIP customer support. Growth+ has no listed price. Mantle states that it complies with AICPA SOC 2 Type II standards, hosts its platform on Google Cloud in the US Central region, and uses 256-bit TLS encryption for information moving over the internet.