Most cap table tools are static — they track fixed shares beautifully but have no way to allocate equity by real contribution. If you're bootstrapping and want ownership to reflect who's actually building the company, only one tool on this list runs dynamic equity and then freezes it into a fixed cap table when you raise. Here's an honest comparison of the main options.
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Dynamic equity has specific requirements that generic cap-table tools don't meet. Before choosing, check for these:
Across this comparison, only Equafy offers dynamic, contribution-based equity and — critically — the freeze that converts it into a fixed cap table when an investor arrives. The others are static cap tables; some are excellent at compliance or low-cost basics, but none run the dynamic-to-static cycle.
The one that does both
Equafy is the only tool here that runs equity dynamically and freezes it to a fixed, investor-ready cap table in one click.
All six manage a cap table; they differ on dynamic equity, compliance depth, free tiers and how they charge. Scroll to compare.
| Feature | Equafy | Capboard | Pulley | Cake | Eqvista | Carta |
|---|---|---|---|---|---|---|
| Dynamic equity | Yes | No | No | No | No | No |
| Freeze dynamic → static | Yes | No | No | No | No | No |
| US 409A / compliance | No | — | Yes | — | Yes | Yes |
| Free tier | — | No | No | Yes (5) | Yes (20) | — |
| Pricing model | Flat per project | Per stakeholder | Per tier | Per stakeholder | Per shareholder | Custom |
| Starting price | $199.99/yr | €270/yr | $1,200/yr | Free / ~$1,200/yr | Free / $2 sh./mo | Custom |
Pricing approximate as of 2026 — check each provider's site for current rates.
Honesty matters in a comparison. Pulley and Carta lead on US compliance — 409A valuations, Rule 701 and Form 3921 — which Equafy does not offer. Capboard is mature and offers self-hosting and a bilingual ES/EN interface. Cake Equity and Eqvista have genuine free tiers for small teams, and Eqvista adds low-cost 409A. Equafy's niche is clear: early-stage teams that want dynamic equity, the freeze, and flat pricing — especially in Spain and the EU.
Equafy is the only tool in this comparison that offers dynamic, contribution-based equity together with a one-click freeze into a fixed cap table. Capboard, Pulley, Cake Equity, Eqvista and Carta are static cap tables without a dynamic-equity mode.
Not natively. Capboard, Pulley, Cake Equity, Eqvista and Carta manage static cap tables. Dynamic equity (Slicing Pie style) requires an engine that recalculates ownership from contributions, which is Equafy's focus.
For US 409A valuations and filings like Rule 701 and Form 3921, Pulley and Carta lead. Equafy does not offer 409A; it's built for early-stage dynamic equity rather than US compliance.
Equafy is flat at $199.99/year per project with unlimited members. Most others charge per stakeholder or per company tier, so the bill grows with your team.
Equafy lets early-stage teams allocate equity by contribution, freeze it into a fixed cap table when they raise, and pay one flat price with unlimited members.
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