Carta vs Shareworks


Cap table software shouldn’t just help you keep track of who owns what. 

Compared to other cap table and equity management providers, Carta offers more features and services that will help you save time, stay compliant, and communicate better with your shareholders. With Carta, you’ll stay on the same platform as you scale and can easily add features and services.

Plus, Carta is a transactional platform, so whenever you issue a security, get a 409A valuation, or run a tender offer your cap table updates automatically. There’s no need to enter things twice. 

Why choose Carta instead of Shareworks as an early-stage company? 

409A valuations and cap table management

Carta is the leader in 409A valuations, and 409As are included in every plan.  Shareworks doesn’t include 409A valuations in any of their plans, and you have to pay for each new 409A valuation. With Carta, when you raise a new round, we’ll provide an updated, audit-ready 409A valuation at no additional cost. 

Carta also uses an in-house team and leverages your cap table data to produce your 409A, and your analyst will make sure you understand your valuation.

Employees and shareholders love Carta

Employees can accept securities, exercise options, and view vesting progress on Carta. Unlike Shareworks, we have a complete, online exercise flow (available online and in our iOS app) that updates your cap table and shareholder’s portfolio automatically. 

Over 90% of VC firms have accepted securities on Carta, and many use Carta for portfolio management and fund administrative services. We make sure you can securely and easily share information with your investors and board members via Carta, like your cap table, 409A valuations, board consents, and investor updates. Shareworks doesn’t have tools to help you streamline communication with your investors and board.

What additional features does Carta offer as companies scale?

Plan your next financing

We offer robust scenario modeling tools that pull data directly from your cap table, so it’s faster to plan for financing rounds and exits. Our tools and reports are more detailed than Shareworks, and include sensitivity and breakpoint analysis modeling, payout and dilution modeling, and pro forma cap tables. Shareworks Growth Edition charges for complex modeling as an add-on, while these features are standard in Carta’s Growth and Scale plans.

Offer liquidity to shareholders through a tender offer

Carta offers software and a dedicated team to help you run tender offers. When you run a liquidity program with Shareworks, you need to manually reconcile the data after the transaction to make sure your cap table is accurate. With Carta, your cap table updates after the transaction with no manual work.

Stay compliant

With your cap table on Carta, expense reports, as defined by ASC 718, and Form 3921, required when ISOs are exercised, can be generated quickly. Our ASC 718 reports include all formulas for your auditors to reference, and unlike Shareworks, we help you distribute and file Form 3921 in just a couple of clicks. 

More about Carta

Carta is an independent, private company founded in 2012, trusted by more than 12,000 companies. We’re an SEC-registered transfer agent backed by investors including Andreesen Horowitz, Lightspeed Ventures, and Goldman Sachs. Our vision is to change how private markets operate by offering increased liquidity and transparency to shareholders. We’re constantly improving our products and services based on customer feedback and are committed to building the most comprehensive, easy-to-use platform for equity management. Shareworks is now owned by Morgan Stanley.


DISCLOSURE: This communication is on behalf of Carta Investor Services, Inc. (“Carta”), an affiliate of eShares, Inc. dba Carta, Inc.  This communication is not to be construed as legal, financial or tax advice and is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein. This post contains links to articles or other information that may be contained on third-party websites.  The inclusion of any hyperlink is not and does not imply any endorsement, approval, investigation, or verification by Carta, and Carta does not endorse or accept responsibility for the content, or the use, of such third-party websites. Carta assumes no liability for any inaccuracies, errors or omissions in or from any data or other information provided on such third-party websites.

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