A cap table that holds fast.
Tenacap is a transparent, flat-rate cap table platform for pre-seed through Series B founders. No per-stakeholder fees. No secondary market. No lock-in. Ever.
14× cheaper. Published, not negotiated.
A different posture toward the company you’re building.
Every cap table vendor says they’re founder-friendly. We codified what that means — in product, in pricing, and in the contract. If we ever break one, you’ll see it before we do.
Published pricing
Our list price is the price everyone pays. No "Enterprise — call us." No surprise renewal jumps.
Your price never goes up
The rate you pay at signup is the rate you pay forever. Survives our acquisition. In writing.
No conflicts of interest
We will never run a secondary market, fund admin, or anything that depends on contacting your shareholders.
One-click export
Your cap table, in an open schema, exportable any time. We publish a migration guide to our competitors.
Opinionated simplicity
The 20% of features 80% of seed founders need — and nothing they don't. Yet.
From tenax — to hold fast.
The same Latin root that gives us tenacious. A cap table isn’t a spreadsheet — it’s the structural foundation of your company, the alignment of every commitment you’ve made to founders, employees, and investors.
It needs to be unyielding. It needs to hold fast through funding rounds, secondary sales, exits, and decades of decisions you haven’t made yet. Tenacap is built to be that anchor point — so you can build forward.
Side by side, at the seed stage.
Prices below reflect each vendor’s seed-stage tier as published, or median observed contract value where the vendor doesn’t publish list pricing. Updated quarterly at tenacap.com/compare.
| Tenacap | Carta | Pulley | Mantle | Excel | |
|---|---|---|---|---|---|
| Published price | $0 / $39 / $99 | Quote only | Tiered (semi-opaque) | Tiered | Free |
| Per-stakeholder fees | Never | Yes | Above free tier | Yes | — |
| Runs a secondary market | No | Yes | No | No | — |
| Open export schema | Public, versioned | Proprietary CSV | CSV | CSV | — |
| Price-grandfather guarantee | ✓ in ToS | — | — | — | — |
| Free attorney & CFO seats | ✓ Unlimited | Limited | Limited | Limited | — |
| Native import from competitors | Carta + Pulley | — | Some | Some | — |
Sources cited at tenacap.com/compare. Updated quarterly.
Three tiers. Published. Permanent.
Annual is roughly 15% off, not a different feature set. Free is forever, with unlimited stakeholders. No per-seat math anywhere on this page or in our contract.
Starter
Pre-seed & bootstrapped. The cleanest cap table you’ve ever kept.
- Unlimited stakeholders
- SAFEs, convertible notes, options, RSAs
- Fully diluted views & vesting
- One saved scenario
- Carta & Pulley import
- CSV + JSON export
Growth
Most teams start hereSeed to Series A. Everything for closing your first priced round.
- Everything in Starter
- Document templates + e-signature
- Employee & investor portals
- Unlimited saved scenarios
- Pro forma + waterfall modeling
- Email notifications & monthly snapshots
Scale
Series B+. For when there’s an accounting team asking real questions.
- Everything in Growth
- 409A integrations (Eqvista, Andersen…)
- ASC 718 expense reporting
- Rule 701 tracking with thresholds
- HRIS sync (Rippling, Gusto, Deel…)
- Priority support + SOC 2 report
Attorney and advisor seats are free across every tier. Add-ons (e.g. a partner 409A) are pass-through priced.
Fifteen minutes from incorporation to a clean record.
We measured this against the persona we wrote the product for: a technical pre-seed founder, on their first SAFE, on a Tuesday night. Median time to a saved fully diluted view: under fifteen minutes.
Pull in what you have
Import from Carta or Pulley, or upload your spreadsheet. We flag what looks off; you confirm what's real.
Record what's outstanding
SAFEs, notes, options, RSAs. Each one with the documents attached and the math worked out.
Model the next round
Pro forma scenarios at a $20M post on a $4M raise, with SAFE conversions reviewable line by line.
Hand off cleanly
Invite your attorney (free seat). Export anything, any time, in an open format. Your data stays yours.
Free seats. Real permissions. Your clients self-serve.
We don’t think your trusted advisors should be the ones who pay. Designated outside counsel and fractional CFOs work on Tenacap for free across every tier — with granular permissions, propose-changes-with-approval workflows, and a firm-wide dashboard for your roster.
Apply for the firm program →// granular: read-all,
// propose-with-approval,
// edit-specific-modules
Your cap table, in a format anyone can read.
Every Tenacap account exports its complete state in one click — spreadsheet files plus a single archive — bundled with your signed PDFs. The format is openly documented at tenacap.com/schema and licensed for any tool that wants to read it.
We publish migration guides to our competitors. If you ever want to leave, we’ll help you go.
- One-click export. Your whole cap table — every share class, instrument, and transaction — plus attached PDFs, in seconds.
- Open, documented format. Versioned and public, so any tool (or your own accountant) can read it without asking us first.
- Guided exits. Step-by-step migration guides to Carta and other tools, written by us. No lock-in, by design.
Cap tables sit on every side of a founding team — the people who built the thing, the people who funded it, the people who’ll inherit a piece of it. The incumbents in this category have, over time, drifted toward serving the people around the company instead of the company itself: opaque pricing that punishes hiring, a vendor that emailed shareholders without consent, switching costs the incumbents quietly enforce.
Tenacap is built the other way around. Flat-rate. Founder-aligned. Boring on purpose. We sell software — not access to your stakeholders. The five promises on this page are written into our terms of service, not our marketing.
— The Tenacap team
Building for founders, from day one.
Questions we get a lot.
How does Tenacap make money without per-stakeholder fees?
The same way a software company does: by charging a published, flat subscription for the product. Our $39/month Growth tier supports our COGS at a reasonable gross margin; our $99/month Scale tier is the margin lever. We don’t need to monetize your shareholder list to run a business.
What if my attorney or lead investor insists on Carta?
We're building for that conversation. Our export format is one-click and lossless to Carta's import path, our document templates match the diligence formats firms recognize, and we publish a migration guide. Within 18 months of GA, our goal is that 75%+ of priced rounds closing on Tenacap require zero migration.
Will the price really never go up?
For your account, at the tier you signed up on: yes. The price-grandfather guarantee is encoded in our Terms of Service and survives any change of control — if Tenacap is ever acquired, the new owner inherits the obligation. New tiers introduced later may have new prices; existing accounts are grandfathered.
Is my data encrypted?
Yes — security is built in from the ground up. AES-256 at rest, TLS 1.3 in transit, and field-level encryption for sensitive PII (SSN, EIN, banking details), with quarterly penetration testing and least-privilege access controls throughout.
Do you support LLCs? International entities?
V1 is US Delaware C-corp focused — the entity 95% of venture-backable startups incorporate as. LLC support is on the roadmap if early signal warrants it. International entities (UK, Canada, Singapore) are not on the V1 or V2 roadmaps.
What happens to my cap table if Tenacap shuts down?
You have a one-click export every day you’re a customer. The schema is public and Apache-2.0 licensed; multiple competitors will be able to import it. We also commit, in the ToS, to providing 90 days of read-only export access in a wind-down scenario.
When can I actually use it?
Closed beta opens late June 2026, in waves. Our first co-development partner is migrating off Pulley on July 1, which sets the ship date. Waitlist signups today get priority by signup date and segment — founders preparing for a priced round are first in.
A cap table that respects the company you’re building.
Beta opens late June 2026. Get in early; lock in your price for life.
Get early access →