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. Beta is now open — sign up here and we’ll send you info on how to get started.
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.
Our list price is the price everyone pays. No "Enterprise — call us." No surprise renewal jumps.
The rate you pay at signup is the rate you pay forever. Survives our acquisition. In writing.
We will never run a secondary market, fund admin, or anything that depends on contacting your shareholders.
Your cap table in an open, Apache-2.0 schema, exportable any time, with a migration guide to our competitors.
We provide the features early founders actually need, with none of the clutter they don't. Missing something you need? Tell us with a single click.
Your cap table is some of the most sensitive data your company holds. We treat it that way — so security is never the reason to hesitate, even at this price.
TLS 1.3 in transit and AES-256 at rest, with field-level encryption for the most sensitive identifiers — SSNs, EINs, bank details — held separately from the rest of your record.
We don’t sell your data, train models on it, or contact your shareholders. Access is least-privilege, and every change is written to a tamper-evident, hash-chained audit trail.
Managed Postgres with automated backups and regular third-party penetration testing. Export everything in one click any day — and erase it permanently when you leave.
More in Security and Trust & Security.
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 /mo | ~$14,725/yr median¹ | $1,200–$3,500/yr² | Tiered | Free |
| Per-stakeholder fees | Never | Yes | Above plan caps | Yes | — |
| Runs a secondary market | No | Yes | No | No | — |
| Export format | Open OCF standard | OCX / CSV | Excel | CSV | Native |
| Full history + audit trail export, free & self-serve | ✓ one click | Varies³ | Partial | — | — |
| Price-grandfather guarantee | ✓ in ToS | — | — | — | — |
| Free attorney & CFO seats | ✓ Unlimited | Limited | Limited | Limited | — |
| Import from competitors | Carta + Pulley + CSV | — | Limited | Limited | — |
¹ Carta doesn’t publish list pricing; figure is the median annual contract from buyer-reported data (679 contracts, PriceLevel). Carta’s Launch plan is free up to 25 stakeholders. ² Pulley Startup ($1,200/yr, 25 holders) and Growth ($3,500/yr, 40 holders), per pulley.com/pricing. ³ Carta and Pulley both export (Carta is an Open Cap Table Format founding member), but buyers report historical transactions and audit trails don’t always transfer cleanly. Competitor details from public pricing pages; updated quarterly.
Tenacap covers the equity work a company actually does — from incorporation to your first priced round to real accounting — each backed by a step-by-step guide in our public help center, no login required. And your data is yours: one-click export in an open, versioned format, with migration guides if you ever leave. Read the open-schema spec →
Start the entity right, however you incorporate.
Import what you have; leave whenever you want.
Stand up a pool and grant to your team.
Sign and record early-stage financings.
Close a Series A and convert what came before.
Authorize and record the decisions that move ownership.
See the next round and the exit before you commit.
A clear view, and a nudge, for every stakeholder.
The tax, filing, and diligence work, handled.
Who changed what, when, and why — tamper-evident and exportable.
Flags a stale 409A, overdue 83(b)s, or unsigned grants before a round.
The annual report, taxed the cheaper way, with a reminder before March 1.
Rule 701 limits, Form 3921, and QSBS clocks.
Black-Scholes fair value and an auditor-ready expense schedule.
A fingerprinted zip of your table, reports, and audit trail.
See the full help center →
You move up a tier when your company hits the milestone that needs the next set of capabilities — never on a per-stakeholder meter that punishes founders raising lots of small checks. The free tier stays free, with unlimited stakeholders.
For companies that haven’t raised a priced round. Migrate in (and out) freely, stand up an option pool, and manage your Note and SAFE financing.
Upgrade when you’re closing your first priced round.
Start free →Once you’ve raised a priced round. Run your board, give investors and employees their own portals, and model every scenario ahead of you.
Upgrade when accounting and audit questions start.
Get started →For when there’s an accounting team asking real questions — stock-comp expense, tax reporting, and audit-ready diligence.
The full platform — everything Tenacap does.
Get started →Attorney and advisor seats are free across every tier. Add-ons (e.g. a partner 409A) are pass-through priced.
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 →Cap tables impact a company broadly: the founding team, the funders, the acquirers. Incumbents have drifted toward serving everyone but the company: pricing that punishes hiring and rewards raising from a few big checks, exorbitant switching costs, and vendors who email shareholders without consent.
I built Tenacap the other way around. The pricing logic these companies inherited — charge by stakeholder, treat founders as the thing to be milked — made sense when software was expensive to build. In 2026 it doesn’t. So Tenacap is flat-rate, founder-aligned, and boring on purpose: we sell software, not monetize access to your stakeholders. The promises on this page are written into our terms of service, not our marketing.
— Jacob Reider, Founder
Building for founders, from day one.
A few years ago I had coffee with a founder who’d raised $100M from four investors. Her cap-table bill was almost nothing. I’d raised $2M from dozens of small checks — and I was paying a fortune. And then every year at renewal that fortune kept increasing dramatically. Tenacap is the first cap table I’ve seen that rejects antiquated software business practices that no longer make sense.
— Arna
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.
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.
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.
Our base prices rise for new customers over time — that’s how we stay sustainable. But the moment you sign up, your price is locked. An existing customer’s price never goes up.
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.
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.
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.
Now — beta is open. Add your email and we’ll send you info on how to get started. We onboard in waves, prioritized by signup date and segment, with founders preparing for a priced round first in line.
Beta is now open. Sign up here and we’ll send you info on how to get started — and lock in your price for life.
Get started →