Cap table comparison 2026

SparkLaunch vs Carta vs Pulley

This comparison is less about incorporation and more about equity software fit. SparkLaunch targets the earliest-stage founder journey, while Carta and Pulley are stronger once the company needs a deeper equity stack.

Stage fit matters more than feature-count screenshots.

Reviewed by SparkLaunch Editorial Team
Last updated March 13, 2026
SparkLaunch vs Carta vs Pulley free cap table software comparison

How this comparison was reviewed

  • Compared official cap-table, pricing, and equity-management pages for SparkLaunch, Carta, and Pulley.

  • Evaluated pricing alongside stage fit so the page does not reduce the decision to a raw feature checklist.

  • Counted incorporation and founder-workflow tools as a meaningful advantage for SparkLaunch because most earliest-stage founders still need them.

Primary sources

Best for early stage

SparkLaunch

Free

basic features, no card required

  • Cap table (basic)

  • SAFE tracking (1x free)

  • AI founder tools

  • Founder community

  • Incorporation available separately

Carta

$0-$360/yr

free tier limited by stakeholders

  • 25 free stakeholders

  • 409A from $450

  • Option grants

  • Industry-standard positioning

  • Enterprise scale

Pulley

$1,200/yr

startup tier entry point

  • 25 stakeholders

  • 409A from $900

  • Data room included

  • Modern interface

  • Carta-alternative positioning

Full feature comparison

FeatureSparkLaunchCartaPulley
Free tier

Yes (Basic)

Yes (25 stakeholders)

No

Paid plan starting price

$399/yr (Startup)

$360/yr (Build)

$1,200/yr (Startup)

Stakeholder limit (free)

Basic features

25

N/A

Cap table management

Free (Basic)

SAFE rounds

Free (1x) / Paid (3x+)

Convertible notes
Dilution modeling

Free (3 preset) / Paid

Waterfall analysis

Coming soon

Equity incentive plans

Coming soon

Option grants and vesting

Growth+ ($1,799/yr)

409A valuations

From $450

From $900

83(b) elections

Included

Data room

Growth+ ($1,799/yr)

Paid add-on

Included

Delaware incorporation

$499

Registered agent

Included 1st year

Investor CRM

Startup+ ($399/yr)

Pitch deck builder

Growth+ ($1,799/yr)

AI founder tools

Free (1x each)

Landing page builder

Free (10 leads)

Founder community
Best fit

Pre-seed to Seed

Seed to Series C+

Seed to Series B

Why choose SparkLaunch

Still starts free

SparkLaunch starts free and then expands into paid founder tooling without forcing a switch to a separate incorporation or founder-workflow stack.

Incorporation included in the ecosystem

Carta and Pulley start after the company exists. SparkLaunch also handles Delaware incorporation and the first registered-agent year.

Broader founder operating system

Cap table is only one piece of the SparkLaunch platform. CRM, landing pages, AI tools, and fundraising support stay in the same product.

Founder-first UX

SparkLaunch is built for first-time founders who need guidance, not just finance teams maintaining an established equity stack.

Natural growth path

The product is designed so founders can start free, grow into paid equity features, and add fundraising workflows without switching platforms immediately.

Why choose Carta

Industry standard

Carta is still the most established default for institutional startup equity management and has stronger investor and legal familiarity.

Full equity lifecycle

Carta is deeper for 409As, option administration, vesting, tender offers, and more mature cap tables.

Enterprise scale

If your company is already outgrowing basic founder equity management, Carta is built for that complexity.

Legal and auditor workflows

Carta has stronger downstream integrations for lawyers, auditors, and larger finance processes.

Why choose Pulley

Modern Carta alternative

Pulley positions itself as a cleaner and more founder-friendly alternative for teams that need more than basic cap-table tooling.

Data room included

Pulley includes a data room in standard plans, which is useful for fundraising and diligence prep.

Growth-stage fit

Pulley is a better fit than SparkLaunch when the company has outgrown founder-first basics but still wants a more modern equity tool than Carta.

Frequently asked questions

Usually once you need 409A valuations, complex option administration, or a larger stakeholder base. Before that, many startups are better served by a simpler lower-cost setup.

Yes. Paid SparkLaunch plans support cap-table exports so the data can move if the company later outgrows the platform.

Not universally. Pulley is often simpler and more modern, while Carta is more established and broader for mature equity administration.

SparkLaunch is not the right tool if 409A valuations are your immediate need. Carta and Pulley both go deeper there.

The free tier includes a basic cap table, one SAFE, preset dilution scenarios, AI founder tools, landing-page capacity, and community access.

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