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Index › Equity and corporate › Cap table management › Carta vs Eqvista
Cap table management · October 2026 Edition

Carta vs Eqvista

Nine of fourteen models named Carta first on the direct prompt; zero named Eqvista. Carta was named by fourteen of the fourteen models and Eqvista by thirteen and Carta carries 74 labels and Eqvista 31, so the shares are not directly comparable.

Carta

criticized default

Named in two categories this edition.

Eqvista

accepted challenger

Named in two categories this edition.

First-choice share33%12%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate32%16%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#1#5A position in a field of 10; printed, not drawn.
Labels7431A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Carta reading right to left. Rank and label count are printed, not drawn.Qapita was named alongside these two in eight of the fourteen direct answers. Carta vs Pulley · Carta vs Qapita · Carta 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.
CartaFirst choices, of fourteen modelsEqvista
Direct901 against Carta · 1 against Eqvista
Paraphrase203 against Carta
Comparative1201 against Carta
Budget-constrained264 against Carta
Scale-constrained402 against Carta
Negative0013 against Carta · 4 against Eqvista
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 October 2026 Edition, Carta and Eqvista were named in the same answer 100 times, of the 239 answers naming Carta and the 109 naming Eqvista. In those answers Eqvista took the first choice twenty-five times and Carta twenty-six.

Every model, every framing

The eighty-four answers behind the chart above, one cell each: where Carta and Eqvista stood in it.
ModelDirectParaphraseComparativeBudget-constrainedScale-constrainedNegative
Claude Haiku 4.5
GPT-5.4 mini
Gemini 3.5 Flash
Perplexity Sonar
Grok 4.1 Fast
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
Carta Eqvista first choice named as an alternative argued againstblank: not namedEach cell is one answer, Carta on the left and Eqvista on the right.

The direct prompt

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

Carta first, Eqvista an alternative

9 of 14 modelsEqvista was named in the answer but not as the choice, or not at all.
GPT-5.4 miniCarta alternatives: Eqvista, Ledgy, Shareworks
Gemini 3.5 FlashCarta alternatives: Ledgy, Mantle, Qapita
Perplexity SonarCarta alternatives: Cake Equity, Pulley, Qapita
Grok 4.1 FastCarta alternatives: Ledgy, Pulley
DeepSeek V4 FlashCarta, Pulley alternatives: Shareworks
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita, Shareworks
GLM 4.7 FlashXCarta alternatives: Fidelity Private Shares, Pulley, Qapita
GPT-6 LunaCarta alternatives: Shareworks
Muse Glimmer 30BCarta alternatives: Cake Equity, Ledgy, Qapita

Neither was the first choice, one was named

3 of 14 modelsThe answer put something else first and named one of the two as an alternative.
Claude Haiku 4.5Qapita alternatives: Cake Equity, Carta, Pulley
Kimi K2Cake Equity, Pulley alternatives: Eqvista, Ledgy
MiniMax M2.5Cake Equity, Qapita alternatives: Carta, Shareworks

Neither was named

2 of 14 modelsThe answer made no first choice from these two in this category.
Mistral SmallQapita alternatives: Ledgy, Pulley
Llama 4 Maverickno first choice

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 seven points.
Eqvista29%#1 of 10
Carta21%#2 of 10
The full small business standing →
Mid-marketThe figures above
The order flips: Carta leads at mid-market.
Carta33%#1 of 10
Eqvista12%#5 of 10
The full mid-market standing →
Enterprise
Carta leads by sixteen points.
Carta18%#2 of 11
Eqvista2%#9 of 11
The full enterprise standing →

What the models said about Carta

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

“Carta — Approach with Caution ... Data misuse for secondary trading: Carta was caught using confidential customer cap table data to solicit secondary share sales” Kimi K2 · negative prompt · hard negative
“Founders have publicly reported steep, unexpected price increases at renewal... canceling required scheduling a mandatory meeting” Claude Haiku 4.5 · negative prompt · hard negative
“Avoid Carta if budget is your top concern” Kimi K2 · budget prompt · hard negative
“Carta: The market leader for VC-backed private companies. Highly trusted by law firms and investors. It offers the most comprehensive suite of services ... but it is generally the most expensive option.” Gemini 3.5 Flash · scale prompt · first choice
“I'd generally recommend Carta if your priorities are cap table management, fundraising workflow, and a platform that can scale” GPT-5.4 mini · paraphrase prompt · first choice
“Go with Carta if you need end-to-end (formation to exit), have 50+ stakeholders... dominant for mid-market B2B despite past issues.” Grok 4.1 Fast · direct prompt · first choice

What the models said about Eqvista

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

“Eqvista: flagged with roughly 23–39% negative sentiment. Users frequently criticize its user interface” Qwen 3.7 Flash · negative prompt · hard negative
“Eqvista appears in the "criticized" category with a high proportion of negative labels” DeepSeek V4 Flash · negative prompt · hard negative
“Use Eqvista cautiously—it's fine for early-stage budget-conscious startups, but not for complex modeling needs.” GLM 4.7 FlashX · negative prompt · soft negative
“Eqvista – best for bootstrapped / very small cap tables ... Best for budget conscious and bootstrapped companies. Free to 20 shareholders” Muse Glimmer 30B · budget prompt · first choice
“Eqvista offers the best combination of a fully functional free tier, transparent low-cost pricing” DeepSeek V4 Flash · budget prompt · first choice
“Eqvista is probably the best starting point for most small companies” GPT-5.4 mini · budget prompt · first choice
Also compared

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.