Cap Table

A free alternative to Carta and Pulley for tracking ownership, running equity plans, modeling fundraising and exploring exits, with a permanent history of every change.

Long description

Cap Table is a free alternative to Carta and Pulley for cap table management, equity tracking and fundraising modeling. See who owns what and plan what comes next. Cap Table brings your company's shares, investors, equity plans and team awards into one clear view, so you can spend less time piecing together records and more time making informed decisions.

Prepare for your next raise with a clear picture of how new funding changes ownership. Model investment terms, convertible agreements and a reserve top-up into the equity plan of your choice, then see the impact on each holder. Save scenarios to revisit, or apply a reviewed round to your cap table when it closes.

Run one equity incentive plan or several side by side, each with its own reserve, adoption date and rules for where cancelled, expired or exercised shares go. Grant options and restricted stock units from the plan they belong to, map planned roles and grants against what each plan has available, and see when a reserve could run out. Track vesting, review upcoming equity deadlines and explore how a potential sale could distribute proceeds.

Every change is kept in a permanent history that records who made it, when, and how each record read before and after, filterable, exportable and kept through imports and restores. Built for founders, startup operators and finance teams, Cap Table keeps individual equity statements and exportable reports close at hand. Manage multiple companies, work across desktop, tablet and mobile, and keep your records in your own Puter account.

Key features

- Understand ownership with outstanding and fully diluted views, breakdowns by holder or share class, every holding across shares, options, restricted stock units, warrants and convertible agreements, and a cap table as of any past date.
- Run several equity plans side by side, each with its own reserve, adoption date and recycling rules that say where cancelled, expired or exercised shares go, with balances that reconcile movement by movement.
- Plan team equity by role, headcount, grant size and start month, with a forecast showing when each plan's reserve needs more shares.
- Model your next raise with automatic SAFE and note conversions, a reserve top-up into the plan you choose and before-and-after ownership for each holder, then review the proposed records and apply the round when it closes.
- Explore exit outcomes with scenarios that account for debt, investor preferences and equity awards to estimate each holder's proceeds.
- Keep a permanent history of every change, with who made it, when, and the records before and after, filterable and exportable, and kept through imports and restores.
- Prepare clear records with printable equity statements, CSV exports and reports for stock compensation, Rule 701 and ISO exercises.
- Stay ahead of key dates with upcoming vesting milestones, equity deadlines, instrument expirations, expired plans still holding shares and reminders to refresh recorded valuations.

Who it's for

- Founders managing ownership from formation through fundraising.
- Startup operators planning hiring and employee equity.
- Finance teams preparing equity records and reports for review.
- Advisors reviewing ownership changes and potential exit outcomes.
- Teams managing cap tables for multiple companies.