Switching from Pulley? We’re helping hundreds of companies transition quickly and securely. Talk to our team ❯
Switching from Pulley? We’re helping hundreds of companies transition quickly and securely. Talk to our team ❯
Compare Carta, Pulley, and altshare across onboarding, cap table management, 409A valuations, modeling, reporting, pricing, and support. Discover why altshare is the recommended choice for companies that want to move faster, spend less, and manage equity from one live source of truth.
Pulley has announced that it will cease all operations and services on December 8, 2026.
Pulley has entered an exclusive partnership with Carta, and some existing Pulley customers may qualify for a limited-time assisted migration offer.
However, moving to Carta is not your only option.
Before transferring your cap table, compare the platforms carefully.
This is an opportunity to choose an equity management system that better fits your workflows, budget, growth plans, and reporting requirements.
Carta, Pulley, and altshare were built with different strengths.
Carta offers an established equity management platform and a broad private-market ecosystem. Its capabilities are distributed across plans, service levels, and optional add-ons.
Pulley built a founder-friendly cap table platform with fundraising modeling, 409A valuations, and transparent startup pricing. However, Pulley is shutting down and will cease operations on December 8, 2026, so it is no longer a viable long-term choice.
altshare is the recommended alternative for companies that want AI-powered self-service onboarding, a live cap table, defensible 409A valuations, funding and exit modeling, transparent pricing, and hands-on expert support in one connected platform.
Upload your cap table and legal documents. altshare uses AI-assisted workflows to structure your equity data and reduce manual setup.
Get started through an intuitive self-service experience, with human equity experts available whenever you need them.
Cap tables, equity plans, valuations, reporting, funding scenarios, and waterfall models stay connected to the same current equity data.
No disconnected files. No repeated data entry. No competing versions of the truth.
A cap table records ownership. altshare also helps you understand what comes next.
Model funding rounds, SAFEs, convertibles, dilution, option pools, waterfalls, and exit outcomes using your live cap table.
altshare offers lower-cost, transparent pricing designed to scale with your company.
Start with the capabilities you need today. Add more as your equity structure and reporting requirements become more complex.
See why founders, CEOs, and finance leaders choose altshare for modern AI-powered equity management.
Tap any capability to compare altshare with Carta and Pulley.
Active, growing platform designed to support companies from first issuance through IPO and beyond.
Active platform with a broad equity and private-market ecosystem.
Shutting down and ceasing all operations and services on December 8, 2026.
AI-powered and self-service. Upload your documents, structure your data, and get started with minimal manual work.
Onboarding may include document uploads, spreadsheets, review steps, and implementation support, depending on the plan and company.
Previously offered done-for-you concierge onboarding. New customers are being directed to Carta.
Designed to get companies live in hours, with expert help available when needed.
Carta states that onboarding time depends on company size and can be completed in hours for some companies.
Previously promoted onboarding within 10 days. Platform services end December 8, 2026.
AI does the heavy lifting, helping convert existing documents into structured equity data.
Offers document extraction and onboarding workflows, with manual completion or implementation coordination sometimes required.
Onboarding was primarily positioned as a concierge-led service.
AI extracts equity information from uploaded legal documents and helps turn it into usable platform data.
Certain documents can be used to prefill onboarding information. Missing data may still need to be completed.
Customers provided documents to Pulley’s onboarding team for account setup.
Automated, real-time cap table management connected to valuations, equity plans, reporting, and modeling.
Established cap table management, securities issuance, exercising, repurchasing, and investor management tools.
Previously offered cap table management, securities workflows, stakeholder portals, and equity reporting.
Manage grants, vesting, exercises, cancellations, modifications, and employee equity from the same live database.
Equity plan, ISO, securities, exercise, and repurchase capabilities are available.
Previously supported grants, vesting, options, exercises, and equity plan workflows.
Apply in as little as two minutes. Get a fast, defensible, audit-ready 409A connected directly to your live cap table and reviewed by valuation professionals.
409A valuations and audit support are included in selected plans.
Previously offered audit-ready 409A valuations through its valuation team.
Model priced rounds, SAFEs, convertible notes, option pools, dilution, and future ownership using live equity data.
SAFE modeling is included in core plans. Priced-round modeling and additional deal tools are available in higher plans or add-ons.
Previously offered fundraising, SAFE, and dilution modeling.
Run live waterfall and exit simulations to see how value may be distributed across shareholders.
Exit modeling is available in selected higher-tier plans and specific products.
Previously offered waterfall reports and exit scenario capabilities.
See the impact of grants, options, SAFEs, convertibles, and financing terms on fully diluted ownership.
Ownership and financing modeling are available, depending on the plan and workflow.
Previously supported ownership and dilution modeling.
Keep equity records and ASC 718 or IFRS 2 reporting connected to the same current data.
ASC 718, IFRS reporting, and audit support are included in selected plans.
Previously offered stock-based compensation reporting and audit-ready workflows.
Finance, Legal, HR, leadership, investors, advisors, auditors, and employees work from one live equity database.
Stakeholder information is managed across Carta’s equity management products and user experiences.
Previously provided employee and investor portals connected to the cap table.
Connect HR and equity records, including HiBob integration, to keep employee information current.
HRIS and payroll integrations are included in Carta’s core equity offering.
Previously offered HRIS integrations in selected plans.
Access portfolio visibility, company valuations, waterfall analysis, and current equity insights in one connected system.
Offers a broad suite of products for companies, investors, venture funds, and private-market participants.
Primarily focused on company equity management, fundraising, and stakeholder access.
Self-service technology backed by responsive equity, valuation, and customer success experts.
Email, chat, phone, implementation, and premium onboarding options vary by plan.
Previously offered expert support, concierge onboarding, and managed services.
Lower-cost, transparent pricing that grows with your company. Start with what you need and expand when your needs change.
Pricing varies by plan, stakeholder count, selected services, and add-ons.
Previously offered published startup and growth pricing. Its service is ending.
Explore every platform feature free for four weeks.
The free Launch plan is limited to eligible companies with up to 25 stakeholders and up to $1 million raised.
No long-term free option is relevant because operations are ending.
AI-assisted onboarding, dedicated migration support, free platform access, and human experts to help validate your data.
Assisted migration is available to qualifying Pulley customers under a limited-time offer.
Pulley is supporting an assisted transition to Carta through its exclusive partnership.
Companies that want faster onboarding, lower costs, deeper modeling, connected stakeholders, and equity intelligence from startup through IPO.
Companies seeking an established provider with a broad private-market product ecosystem.
Existing customers who now need to select and migrate to another platform.
Features, eligibility, and packaging may change. Confirm current plan details directly with each provider.
Comparison note: This comparison is based on publicly available provider information and current altshare capabilities. Product features, pricing, eligibility, and migration offers may change.
Last reviewed: October 2026
Carta is an established equity management and private-market software company. Its corporate equity plans include cap table management, securities issuance, stakeholder management, equity reporting, HRIS integrations, SAFE modeling, valuations, compliance, and financial reporting.
Carta may be a fit for companies that want access to a wide private-market ecosystem and are comfortable selecting among different plans, add-ons, and service levels.
Carta currently offers:
The main consideration is packaging. Companies should confirm which features are included, which require a higher plan, and which are sold as add-ons before comparing total costs.
Pulley was built as a founder-focused cap table and equity management platform. It offered cap table management, fundraising models, 409A valuations, stakeholder portals, stock-based compensation reporting, and transparent startup pricing.
Pulley has announced that it will shut down and cease all operations and services on December 8, 2026.
Existing Pulley customers may qualify for a limited-time migration offer through Carta. Pulley customers should log in to review their account status, migration eligibility, deadlines, and data-access instructions.
The practical question is no longer whether a company should choose Carta or Pulley. It is whether Carta or another Pulley alternative is the better long-term home for its equity data.
altshare is an AI-powered Equity Management Intelligence platform for private and public companies.
It connects cap table management, equity plans, 409A valuations, stock-based compensation reporting, funding scenarios, waterfall modeling, and stakeholder visibility in one live system.
altshare combines self-service technology with expertsupport. Teams can work independently while still having access to valuation,equity, and customer success professionals.
altshare is designed for companies that want to:
Moving a cap table is not simply a matter of copying the latest ownership percentages. A complete migration may involve:
Carta provides implementation support and can extractinformation from certain documents, but its onboarding process may stillinclude spreadsheets, missing-data completion, reviews, and account activationsteps.
Pulley previously offered concierge onboarding in which itsteam reviewed documents and built the cap table. With Pulley shutting down,existing customers now need to export and migrate their records elsewhere.
altshare uses AI-powered onboarding to reduce manual dataentry and accelerate document-to-platform setup. Companies can upload theirexisting information, let AI handle much of the initial work, and use expertsupport for validation or complex cases.
A 409A valuation establishes the fair market value of a private company’s common stock. Companies typically need a current valuation before issuing stock options and after material events such as a financing round.
altshare connects the valuation process to your live cap table and company information.
Benefits include:
Carta includes 409A valuations and valuation audit support in selected plans. Companies should confirm plan eligibility, included valuation frequency, pricing, and support levels.
Pulley previously offered audit-ready 409A valuations through its internal valuation team. Because Pulley is ending operations, customers should preserve their completed valuation reports and supporting data before migrating.
Founders and finance teams often need answers before a transaction happens:
Carta provides SAFE modeling in its core equity plans, while priced-round and exit modeling may depend on the selected plan or product.
Pulley previously offered fundraising, dilution, waterfall, and exit modeling.
altshare connects funding scenarios, fully diluted ownership analysis, waterfall modeling, and exit planning directly to the live cap table. When the underlying equity data changes, teams can update their analysis without rebuilding disconnected spreadsheets.
This gives founders, CFOs, boards, and investors a clearer view of potential outcomes before decisions are finalized.
Finance teams often spend more time validating equity data than analyzing it.
They export the cap table, combine it with grants, exercises, cancellations, SAFEs, convertibles, financing terms, and historical records, then reconcile everything before reporting can begin. When something changes, much of the work must be repeated.
altshare keeps cap table activity, equity plans, grants, vesting, exercises, modifications, cancellations, and reporting connected to the same live database.
This supports:
Carta offers financial reporting, ASC 718, IFRS, Rule 701, and related audit support through selected plans.
Pulley previously offered financial reporting and audit-readiness capabilities, but customers should export relevant reports and records before its service ends.
The true cost of equity management can include more than the annual platform subscription.
Companies should also consider:
Carta’s free Launch plan applies only to companies within its stakeholder and fundraising limits. Advanced valuations, reporting, modeling, compliance, and onboarding capabilities are distributed across paid plans and add-ons.
Pulley previously promoted transparent published pricing, but its platform is shutting down.
altshare provides lower-cost, transparent pricing that grows with your company. The platform is designed to reduce reliance on disconnected subscriptions, spreadsheets, and repeated advisor work.
Instead of complexand expensivemanual term sheetanalysis, altshare’ssolution does it allautomatically: captable management,waterfall analysis,modeling…andmore!
altshare’s 409AValuation Solutionis a game-changerfor us. The fact thatwe can producework paper-ready,defensible 409Avaluations in lessthan an hour, andwithout hiring aconsultant, ischanging the waywe handle ourvaluations.
Analytical tools aregreat. The softwareis also very flexibleand allows forindividualcustomization ofmany items.
First, you may need to export or download these:
Do not wait until the final service date to begin. Complex cap tables may require reconciliation before they can be migrated accurately.
Get AI-powered onboarding, live cap table management, defensible 409A valuations, funding and exit modeling, transparent pricing, and expert support in one platform.
