Cap Table Software Comparison
TokenCapStack vs Eqvista
Budget-friendly with a free tier — but no blockchain infrastructure
TokenCapStack
$200/year
Flat pricing. No per-shareholder fees. Cancel anytime.
Eqvista
Free–$3,300+/year
Founded 2018 · Seattle, WA
What Is Eqvista?
Eqvista positions itself as a low-cost Carta alternative with a free tier for up to 20 shareholders. It offers cap table management, 409A valuations (starting at $990/year), and compliance features. The free tier is genuinely useful for very early companies, but scaling costs add up with per-shareholder pricing on the Premium plan, and the platform lacks the on-chain infrastructure that institutional adoption is moving toward.
Feature-by-Feature Comparison
| Feature | TokenCapStack | Eqvista |
|---|---|---|
| Pricing | ||
| Starting annual price | $200/year | Free (up to 20 shareholders) |
| Paid plan pricing | $200/year (flat) | $2/shareholder/month (Premium) |
| Per-shareholder fees | ||
| Setup / onboarding fees | ||
| 409A valuations | Starting at $990/year | |
| Feature-gated tiers | ||
| Core Features | ||
| Cap table management | ||
| Shareholder dashboards | ||
| Multiple share classes | ||
| Vesting schedules | ||
| Convertible notes & SAFEs | ||
| 409A valuations | Starting at $990/year | |
| Financial modeling / waterfall analysis | Premium plan | |
| Dividend distribution | $0.50/payment | |
| E-signing | Premium plan | |
| Data room | Premium plan | |
| Technology | ||
| Blockchain-secured records | ||
| Immutable audit trail | ||
| Tokenized equity | ||
| Shareholder wallet delivery | $25/transfer | |
| Insumer ecosystem access | ||
| Support & Experience | ||
| Dedicated customer success | Enterprise plan only | |
| Live chat / phone support | Email only | |
| Fast onboarding | ||
| Mobile app | ||
| Data export | ||
When Eqvista Makes Sense
- Genuinely free tier for companies with fewer than 20 shareholders
- Affordable 409A valuations starting at $990/year (NACVA-certified)
- E-signing and data room built into premium plans
- No setup fees or onboarding costs
- Multiple companies under one account
Why Choose TokenCapStack
- Flat $200/year pricing vs per-shareholder costs that scale up
- Blockchain-secured records — Eqvista uses a traditional database
- Tokenized equity positions your company for the on-chain future Wall Street is building
- Insumer ecosystem gives your shareholders real-world utility
- Dedicated customer success on every plan, not just Enterprise
- At 20+ shareholders, Eqvista's Premium plan ($2/shareholder/month) quickly exceeds $200/year
The Bottom Line
Eqvista's free tier is genuinely useful if you have fewer than 20 shareholders and just need basic tracking. But once you scale past that, per-shareholder pricing adds up fast — and you still don't get blockchain infrastructure. TokenCapStack's flat $200/year gives you on-chain records, tokenized equity, and the Insumer ecosystem from day one.
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All the features you need. Blockchain infrastructure Eqvista doesn’t offer. $200/year.