Carta is the standard cap table platform for venture-backed startups. Honest comparison with a dedicated fundraise CRM — different jobs entirely.
Carta manages your cap table, 409A, and equity administration. Occasionally founders ask if that overlaps with fundraise workflow. It doesn't.
Cap table of record. Equity grants and vesting. 409A valuations. Secondary transaction infrastructure. Fund administration for venture funds. LP reporting for VCs.
No investor database, no thesis matching, no outreach workflow, no deck feedback. Carta manages what you already have; the workflow to find new investors is separate.
Once you incorporate and issue equity, and any time you need a 409A or manage employee options. Standard across venture-backed startups.
Pulley and AngelList Stack are the two most-cited competitors. Pulley is often cheaper and faster to set up; AngelList Stack bundles formation, SAFEs, and banking. Migration from Carta happens but is annoying.
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