Capmatter vs EquityList
Capmatter
capmatter.com
EquityList
equitylist.coSide by side
| Figure | Capmatter | EquityList |
|---|---|---|
| Price from | ₹2,999/mo | $100/mo |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 3 | 7 |
| Spec score · Cap Table Management Software | 8.2 (#6) | 7.9 (#10) |
| Compliance | The product derives a statutory calendar from company records and tracks obligations related to ROC and the Companies Act 2013. | The finance solution says it provides stock expense numbers compliant with ASC 718, IFRS 2, and Ind AS 102. |
| Product | Capmatter provides cap table, shareholder, funding round, ESOP, and dilution modeling software for Indian startups. | EquityList describes itself as an AI-native cap table and compliance operating system for private and public companies. |
| Security | Capmatter states that it uses database-level row security, an append-only cap table ledger, server-side authorization, and HTTPS/TLS encryption in transit. | EquityList states that data is encrypted at rest and in transit, access is controlled and logged, and its practices are certified against SOC 2 and ISO 27001 standards. |
| Support | Enterprise services can include implementation, onboarding, workflow configuration, and ongoing equity operations support. | The Free plan includes email and Intercom support, community access, and bi-weekly office hours; Growth includes priority support and concierge onboarding. |
Plans
EquityList
- FreeFree
- Build (monthly billing)$125 a month
- Growth (monthly billing)$265 a month
- Build (annual billing)$1,200 a year
- Growth (annual billing)$3,500 a year
- EnterprisePriced on request
- Public company pricingPriced on request
In their own words
Capmatter
Capmatter is browser-based equity management software for Indian startups and private limited companies. Its cap table records shareholders, share classes, voting rights, and liquidation preferences in an immutable ledger with an audit trail. For funding rounds, users can model pre- and post-money valuations, allocations, and dilution, then generate term sheet summaries. Scenario planning lets teams compare options and accept a chosen scenario into the live cap table. ESOP tools provide configurable vesting schedules and per-employee progress, with a default four-year schedule and one-year cliff. Its valuation calculator uses revenue and EBITDA multiples as well as comparable Indian deal analysis. The service derives a statutory calendar from company records for ROC and Companies Act 2013 obligations. Users can generate cap table, ESOP, and board-resolution PDFs, and import shareholder, share-class, ESOP-grant, and ledger data from Excel or CSV with row validation. A free plan is available; Pro costs ₹2,999 per month plus 18% GST. Capmatter says its outputs are informational and not professional advice.
EquityList
EquityList is an equity management and compliance platform for private and public companies. It tracks ownership, grants, exercises, buybacks, and expense reporting; its cap tables preserve transaction history, model fundraising scenarios, and handle multiple entities. The grants tools cover options, RSUs, and SARs, with vesting and exercise management for employees, advisors, and consultants. HR integrations with BambooHR, Keka, Darwinbox, and GreytHR sync employee changes and payroll data. Finance tools provide stock expense figures compliant with ASC 718, IFRS 2, and Ind AS 102. EquityList describes encryption at rest and in transit, logged access controls, and practices certified against SOC 2 and ISO 27001. The web service has a free plan for up to 10 stakeholders; Build and Growth bill for additional stakeholders beyond their included limits. Paid plans start at $100 a year with annual billing. Listed-company pricing is a scope-based annual proposal, not a fixed price.