Fidelity Private Shares vs ShareForce

Fidelity Private Shares is a web-based equity management platform for private companies, covering ownership, governance and fundraising from early rounds through IPO. Its cap table tracks grants, SAFEs, notes and preferred shares, with entries linked to supporting legal documents in a data room. Files are organized there, and missing documents are flagged. Scenario tools model dilution and possible financing or exit outcomes; a next-round planner can export pro forma results. Custom permissions let employees, lawyers, auditors and investors access relevant equity information and diligence materials. Reports include grant history, transfers, option overhang, 83(b) and ASC 718. The free Launch plan includes cap table management, equity plan generation, a data room, board consents, scenario modeling, standard reporting, 83(b) generation, Rule 701 exemption checks and electronic securities. Launch is limited to up to 25 stakeholders and companies that have raised less than $1M. Growth and Scale subscriptions include HRIS integration, and Gusto is listed for syncing equity, HR and payroll information. The maker describes the platform as serving founders and operators, legal teams, investors and boards.

ShareForce has no write-up on Specifiction yet; its figures are above.