AI Indexes
Finance AI Index
Index › Equity and corporate › Cap table management › Eqvista vs Ledgy
Cap table management · October 2026 Edition

Eqvista vs Ledgy

Zero of fourteen models named Eqvista first on the direct prompt; zero named Ledgy. Eqvista was named by thirteen of the fourteen models and Ledgy by thirteen and Eqvista carries 31 labels and Ledgy 39, so the shares are not directly comparable.

Eqvista

accepted challenger

Named in two categories this edition.

Ledgy

accepted challenger

Named in two categories this edition.

First-choice share12%2%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate16%5%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#5#6A position in a field of 10; printed, not drawn.
Labels3139A 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 was named alongside these two in eleven of the fourteen direct answers. Carta vs Eqvista · Carta vs Ledgy · Pulley vs Eqvista

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
Direct001 against Eqvista
Paraphrase00
Comparative00
Budget-constrained601 against Ledgy
Scale-constrained01
Negative004 against Eqvista · 1 against Ledgy
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, Eqvista and Ledgy were named in the same answer forty-nine times, of the 109 answers naming Eqvista and the 109 naming Ledgy. In those answers Ledgy took the first choice one time and Eqvista twelve.

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 4.1 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
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.

Neither was the first choice, one was named

6 of 14 modelsThe answer put something else first and named one of the two as an alternative.
GPT-5.4 miniCarta alternatives: Eqvista, Ledgy, Shareworks
Gemini 3.5 FlashCarta alternatives: Ledgy, Mantle, Qapita
Grok 4.1 FastCarta alternatives: Ledgy, Pulley
Mistral SmallQapita alternatives: Ledgy, Pulley
Kimi K2Cake Equity, Pulley alternatives: Eqvista, Ledgy
Muse Glimmer 30BCarta alternatives: Cake Equity, Ledgy, Qapita

Neither was named

8 of 14 modelsThe answer made no first choice from these two in this category.
Claude Haiku 4.5Qapita alternatives: Cake Equity, Carta, Pulley
Perplexity SonarCarta alternatives: Cake Equity, Pulley, Qapita
DeepSeek V4 FlashCarta, Pulley alternatives: Shareworks
Llama 4 Maverickno first choice
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita, Shareworks
GLM 4.7 FlashXCarta alternatives: Fidelity Private Shares, Pulley, Qapita
MiniMax M2.5Cake Equity, Qapita alternatives: Carta, Shareworks
GPT-6 LunaCarta alternatives: 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 twenty-nine points.
Eqvista29%#1 of 10
Ledgy0%#7 of 10
The full small business standing →
Mid-marketThe figures above
Eqvista leads by ten points.
Eqvista12%#5 of 10
Ledgy2%#6 of 10
The full mid-market standing →
Enterprise
The order flips: Ledgy leads at enterprise.
Ledgy5%#5 of 11
Eqvista2%#9 of 11
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. 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

What the models said about Ledgy

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

“Historic data setup can take effort and some users find complex funding round modeling less intuitive” Claude Haiku 4.5 · negative prompt · soft negative
“starts at €75/month, but is often a better fit for European/international companies” GPT-5.4 mini · budget prompt · soft negative
“Shortlist 3–5: Demo Carta, Ledgy, and 1–2 others matching your location/equity needs.” Grok 4.1 Fast · scale prompt · first choice
“these international-first platforms offer superior localized tax and legal compliance automation compared to US-centric platforms” Gemini 3.5 Flash · scale prompt · alternative
“they're flagged more than leaders like Ledgy or Fidelity Private Shares ... For growth, Ledgy (EU/international)” Grok 4.1 Fast · negative prompt · alternative
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.