Cap Table Software Comparison
TokenCapStack vs AngelList
Great for fundraising through AngelList — limited outside that ecosystem
TokenCapStack
$200/year
Flat pricing. No per-shareholder fees. Cancel anytime.
AngelList
$1,600–$5,600+/year
Founded 2010 · San Francisco, CA
What Is AngelList?
AngelList (now rebranding parts of its product as Rollups) offers cap table management tightly integrated with its fundraising infrastructure — Roll Up Vehicles (RUVs), syndicates, and rolling funds. If you raise through AngelList, the integration is seamless. However, the standalone cap table product is being deprioritized, with new customers required to use the RUV-integrated version. AngelList has even set up migration partnerships with Pulley and J.P. Morgan for customers who want to leave.
Feature-by-Feature Comparison
| Feature | TokenCapStack | AngelList |
|---|---|---|
| Pricing | ||
| Starting annual price | $200/year | $1,600/year (Starter) |
| Per-shareholder fees | Per team member (investors excluded) | |
| Setup / onboarding fees | ||
| Feature-gated tiers | ||
| Cancel anytime | Annual contract | |
| Core Features | ||
| Cap table management | ||
| Shareholder dashboards | ||
| Multiple share classes | ||
| Vesting schedules | ||
| Convertible notes & SAFEs | ||
| 409A valuations | Growth plan ($3,200/yr) | |
| Roll Up Vehicles (RUVs) | ||
| AI document scanning | ||
| Dividend distribution | $0.50/payment | |
| Unlimited cap table updates | Plan-dependent | |
| Technology | ||
| Blockchain-secured records | ||
| Immutable audit trail | ||
| Tokenized equity | ||
| Shareholder wallet delivery | $25/transfer | |
| Insumer ecosystem access | ||
| Open data export | Open Cap Table format | |
| Support & Experience | ||
| Dedicated customer success | Premium plans | |
| Fast onboarding | ||
| Data export | ||
| Standalone cap table (new features) | Discontinued for new customers | |
When AngelList Makes Sense
- Seamless integration if you raise through AngelList syndicates or RUVs
- Roll Up Vehicles consolidate many small investors into one cap table line
- AI document scanning catches discrepancies in legal docs
- Investors don't count toward your per-member pricing
- 409A valuations included in Growth plan
Why Choose TokenCapStack
- 88% cheaper — $200/year vs $1,600/year
- Works independently of any fundraising platform — no ecosystem lock-in
- AngelList is deprioritizing standalone cap tables; TokenCapStack is all-in on it
- Blockchain infrastructure gives you immutable records and tokenized equity
- Insumer ecosystem provides shareholder utility that AngelList can't match
- No annual contracts — cancel anytime
The Bottom Line
AngelList makes sense if you're deeply embedded in their fundraising ecosystem — syndicates, RUVs, and rolling funds. But if you just need a cap table, you're paying $1,600+/year for a product the company is actively deprioritizing. TokenCapStack is purpose-built for cap table management with blockchain infrastructure at $200/year.
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All the features you need. Blockchain infrastructure AngelList doesn’t offer. $200/year.