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Index › Finance › Equity and corporate › Cap table management › Eqvista vs Ledgy
Cap table management · November 2026 Edition

Eqvista vs Ledgy

Zero of fourteen models named Eqvista first on the direct prompt; two named Ledgy. Both were named by all fourteen models and Eqvista carries 38 labels and Ledgy 56, so the shares are not directly comparable.

Eqvista

accepted challenger

Named in one category this edition.

Ledgy

accepted challenger

Named in three categories this edition.

First-choice share20%9%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate3%2%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#2#3A position in a field of 11; printed, not drawn.
Labels3856A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Eqvista reading right to left. Rank and label count are printed, not drawn.Carta Equity was named alongside these two in thirteen of the fourteen direct answers. Carta Equity vs Eqvista · Carta Equity vs Ledgy · Eqvista vs Cake Equity

Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all fourteen models, for a mid-market B2B company; rank is within the category; every quote names the model and the prompt it came from. Both figures come from the cap table management page.

By framing

How many of the fourteen models made each the first choice, per way of asking, and how many argued against it.
EqvistaFirst choices, of fourteen modelsLedgy
Direct02
Paraphrase331 against Eqvista
Comparative00
Budget-constrained801 against Ledgy
Scale-constrained00
Negative00
Bars are first choices, 0 to 14 each sideModels that argued againstA model can name both, so the two sides of a row do not sum to fourteen.

Across every category in the November 2026 Edition, Eqvista and Ledgy were named in the same answer seventy-nine times, of the 124 answers naming Eqvista and the 151 naming Ledgy. In those answers Ledgy took the first choice three times and Eqvista twenty-one.

Every model, every framing

The eighty-four answers behind the chart above, one cell each: where Eqvista and Ledgy stood in it.
ModelDirectParaphraseComparativeBudget-constrainedScale-constrainedNegative
Claude Haiku 4.5
GPT-5.4 mini
Gemini 3.5 Flash
Perplexity Sonar
Grok 4.20
Mistral Small
DeepSeek V4 Flash
Llama 4 Maverick
Qwen 3.7 Flash
Kimi K2
GLM 4.7 FlashX
MiniMax M2.5
GPT-6 Luna
Muse Glimmer 30B
Eqvista Ledgy first choice named as an alternative argued againstblank: not namedEach cell is one answer, Eqvista on the left and Ledgy on the right.

The direct prompt

The plain question, one answer per model, grouped by where Eqvista and Ledgy stood in it.

Ledgy first, Eqvista not the choice

2 of 14 modelsEqvista was named in the answer but not as the choice, or not at all.
Mistral SmallCarta Equity, Ledgy alternatives: EquityList
Qwen 3.7 FlashCarta Equity, Ledgy alternatives: Pulley

Neither was the first choice, one was named

9 of 14 modelsThe answer put something else first and named one of the two as an alternative.
GPT-5.4 miniCarta Equity alternatives: Eqvista, Ledgy, Pulley
Gemini 3.5 FlashCarta Equity alternatives: Ledgy, Pulley, Shareworks
Perplexity SonarCarta Equity alternatives: Ledgy, Qapita, Shareworks
Grok 4.20Carta Equity alternatives: EquityList, Ledgy
DeepSeek V4 FlashCarta Equity alternatives: Ledgy, Qapita
Kimi K2Carta Equity alternatives: Ledgy, Qapita
GLM 4.7 FlashXCarta Equity alternatives: AngelList Stack, Capboard, Fidelity Private Shares, Ledgy, Pulley, Walter
MiniMax M2.5Carta Equity, EquityList alternatives: Ledgy, Qapita
Muse Glimmer 30BCarta Equity alternatives: Ledgy, Morgan Stanley at Work Shareworks

Neither was named

3 of 14 modelsThe answer made no first choice from these two in this category.
Claude Haiku 4.5Qapita alternatives: Cake Equity, Pulley, Shareworks
Llama 4 MaverickCarta Equity
GPT-6 LunaCarta Equity alternatives: Fidelity Private Shares, Shareworks

Bold names in an answer are the products the judge labeled a first choice; a model naming several gives each of them that label. The full answer text for every row is in the record.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment and they are never added together. The figures above are the mid-market standing, which is the one the category orders by.
Small business
Eqvista leads by thirty-eight points.
Eqvista38%#1 of 12
Ledgy0%#8 of 12
The full small business standing →
Mid-marketThe figures above
Eqvista leads by eleven points.
Eqvista20%#2 of 11
Ledgy9%#3 of 11
The full mid-market standing →
Enterprise
Level: the same share of first choices.
Eqvista4%#7 of 10
Ledgy4%#6 of 10
The full enterprise standing →

What the models said about Eqvista

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Four of five in this category shown.

“though it may provide less ecosystem depth than Carta” Perplexity Sonar · paraphrase prompt · soft negative
“Eqvista offers the most generous free tier (20 stakeholders) and the lowest paid pricing at $2/stakeholder/month” DeepSeek V4 Flash · budget prompt · first choice
“Eqvista - G2's #1 Equity Management Platform, provides comprehensive equity management with expert 409A valuations” Llama 4 Maverick · paraphrase prompt · first choice
“Eqvista stands out as the best cap table management software for companies with a limited budget” Grok 4.20 · budget prompt · first choice

What the models said about Ledgy

Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Four of five in this category shown.

“lean toward Capboard or Ledgy (though Ledgy is pricier)” Grok 4.20 · budget prompt · soft negative
“the most recommended equity management platforms are Ledgy and Carta” Mistral Small · paraphrase prompt · first choice
“the top recommended platforms are Ledgy, Eqvista, and Capboard” Qwen 3.7 Flash · paraphrase prompt · first choice
“two platforms consistently rank at the top: Carta and Ledgy” Qwen 3.7 Flash · direct prompt · first choice
Also compared
Carta Equity vs EqvistaCarta Equity vs LedgyEqvista vs Cake EquityEqvista vs Fidelity Private SharesEqvista vs QapitaEqvista vs EquityListEqvista vs CapboardLedgy vs Cake EquityLedgy vs Fidelity Private SharesLedgy vs QapitaLedgy vs EquityListLedgy vs CapboardAll twenty-eight head-to-head pages and the full cap table management standing

Comparisons are drawn for the top eight products in each category, each against each. The output is the models' output; nothing here is a recommendation by the index.