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Index › Equity and corporate › Cap table management › Ledgy vs Shareworks
Cap table management · October 2026 Edition

Ledgy vs Shareworks

Zero of fourteen models named Ledgy first on the direct prompt; zero named Shareworks. Ledgy was named by thirteen of the fourteen models and Shareworks by thirteen and Ledgy carries 39 labels and Shareworks 29, so the shares are not directly comparable.

Ledgy

accepted challenger

Named in two categories this edition.

Shareworks

accepted challenger

Named in one category this edition.

First-choice share2%2%Of first choices across the direct, paraphrase, budget and scale prompts, 0 to 100.
Negative rate5%24%Negative labels as a share of the product's labels, 0 to 100.
Rank in category#6#7A position in a field of 10; printed, not drawn.
Labels3929A count; the two differ.
The two percentage rows are drawn on one 0 to 100 track, Ledgy 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 Ledgy · Carta vs Shareworks · Pulley vs Ledgy

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.
LedgyFirst choices, of fourteen modelsShareworks
Direct001 against Shareworks
Paraphrase013 against Shareworks
Comparative00
Budget-constrained001 against Ledgy
Scale-constrained101 against Shareworks
Negative001 against Ledgy · 2 against Shareworks
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, Ledgy and Shareworks were named in the same answer fifty-five times, of the 109 answers naming Ledgy and the 97 naming Shareworks. In those answers Shareworks took the first choice fifteen times and Ledgy two.

Every model, every framing

The eighty-four answers behind the chart above, one cell each: where Ledgy and Shareworks 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
Ledgy Shareworks first choice named as an alternative argued againstblank: not namedEach cell is one answer, Ledgy on the left and Shareworks on the right.

The direct prompt

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

Neither was the first choice, one was named

10 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
DeepSeek V4 FlashCarta, Pulley alternatives: Shareworks
Qwen 3.7 FlashCarta alternatives: Pulley, Qapita, Shareworks
Kimi K2Cake Equity, Pulley alternatives: Eqvista, Ledgy
MiniMax M2.5Cake Equity, Qapita alternatives: Carta, Shareworks
GPT-6 LunaCarta alternatives: Shareworks
Muse Glimmer 30BCarta alternatives: Cake Equity, Ledgy, Qapita

Neither was named

4 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
Llama 4 Maverickno first choice
GLM 4.7 FlashXCarta alternatives: Fidelity Private Shares, Pulley, Qapita

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
Level: the same share of first choices.
Ledgy0%#7 of 10
Shareworks0%#10 of 10
The full small business standing →
Mid-marketThe figures above
Level: the same share of first choices.
Ledgy2%#6 of 10
Shareworks2%#7 of 10
The full mid-market standing →
Enterprise
Shareworks leads by thirty-two points.
Shareworks38%#1 of 11
Ledgy5%#5 of 11
The full enterprise standing →

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

What the models said about Shareworks

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

“more appropriately sized than enterprise-first options like Shareworks / Morgan Stanley at Work... Choose Shareworks only if you are already at enterprise complexity” Perplexity Sonar · paraphrase prompt · soft negative
“it's worth a caution for startups specifically ... clunky and overkill for pre-Series-B companies” DeepSeek V4 Flash · negative prompt · soft negative
“If you are an early-stage or mid-stage startup, Shareworks is generally considered a poor fit.” Gemini 3.5 Flash · negative prompt · soft negative
“Shareworks by Morgan Stanley at Work is the mid-market to enterprise benchmark for compliance-oriented administration.” Muse Glimmer 30B · paraphrase prompt · first choice
“The traditional "enterprise" heavyweights. If you are actively on the road to an IPO within the next 12–18 months, these platforms excel ... though they can be slow to implement.” Gemini 3.5 Flash · scale prompt · alternative
“Choose Shareworks if you want a more enterprise/finance-led platform and can tolerate a heavier implementation.” GPT-5.4 mini · direct 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.