Fidelity Private Shares vs Vquity

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.

Vquity is an equity-management platform for company cap tables, funding rounds, grants and vesting, data rooms, and stakeholder portals. It records holders, share classes, issuances, transfers, and repurchases. A round can combine SAFE conversion, an option-pool top-up, and a pre-close snapshot. The platform also covers SAFEs and convertibles, exit modeling, and valuation tracking.

Its data room sorts documents into 111 types and uses AI to draft fields for review, alongside a diligence-readiness score. Investor and employee portals use one-time email codes to show equity details, documents, and tax views. Vquity syncs with Vinance accounting and PeopleX HR; changes await human review and confirmation. Carta, Pulley, and AngelList information comes from exported files, not live API connections. It tracks the 409A/FMV process and expiry alerts, but users must bring a valuation from a provider. The maker says traffic uses TLS, stored data and uploaded documents are encrypted at rest, and workspace access is role-based; it does not currently hold third-party security certifications. A free plan covers one company and up to 10 stakeholders. Monthly costs $99 a month per company workspace.