Carta vs Ledgy
Eleven of twelve models named Carta first on the direct prompt; zero named Ledgy. Both were named by all twelve models and Carta carries 65 labels and Ledgy 36, so the shares are not directly comparable.
Named in three categories this edition.
Named in two categories this edition.
Share is the count of first choices across the direct, paraphrase, budget and scale prompts over all twelve models, for a mid-market B2B company; rank is within the category; every quote names the model and the prompt it came from. Both figures come from the cap table management page.
By framing
CartaFirst choices, of twelve modelsLedgy
Across every category in the September 2026 Edition, Carta and Ledgy were named in the same answer ninety-nine times, of the 230 answers naming Carta and the 104 naming Ledgy. In those answers Ledgy took the first choice one time and Carta forty-nine.
Every model, every framing
| Model | Direct | Paraphrase | Comparative | Budget-constrained | Scale-constrained | Negative |
|---|---|---|---|---|---|---|
| Claude Haiku 4.5 | | | | |||
| GPT-5.4 mini | | | | | | |
| Gemini 3.5 Flash | | | | | | |
| Perplexity Sonar | | | | | ||
| Grok 4.1 Fast | | | | | | |
| Mistral Small | | | | | | |
| DeepSeek V4 Flash | | | | | | |
| Llama 4 Maverick | | | | | ||
| Qwen 3.7 Flash | | | | | | |
| Kimi K2 | | | | | | |
| GLM 4.7 FlashX | | | | | ||
| MiniMax M2.5 | | | | | |
Carta Ledgy first choice named as an alternative argued againstblank: not namedEach cell is one answer, Carta on the left and Ledgy on the right.The direct prompt
Carta first, Ledgy an alternative
11 of 12 modelsLedgy was named in the answer but not as the choice, or not at all.Neither was named
1 of 12 modelsThe answer made no first choice from these two in this category.Bold names in an answer are the products the judge labeled a first choice; a model naming several gives each of them that label. The full answer text for every row is in the record.
By buyer segment
What the models said about Carta
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Six of seven in this category shown.
“Skip enterprise tools like Carta's paid plans (Build/Grow can run $3,000–$12,000/year” DeepSeek V4 Flash · budget prompt · hard negative
“Several industry voices explicitly recommend *not* working with Carta.” Kimi K2 · negative prompt · hard negative
“Avoid Carta for core trust reasons” DeepSeek V4 Flash · negative prompt · hard negative
“Carta (Scale/Enterprise Tier): The institutional default... highly capable for late-stage secondary transactions, but it is also the most expensive and has faced scrutiny over aggressive pricing hikes.” Gemini 3.5 Flash · scale prompt · first choice
“The industry standard... the platform that virtually every institutional investor, auditor, and law firm recognizes as the *authoritative* equity record.” DeepSeek V4 Flash · comparative prompt · first choice
“Institutional trust & full compliance depth | Carta... you'll likely end up there for credibility and compliance depth despite the cost” DeepSeek V4 Flash · direct prompt · first choice
What the models said about Ledgy
Every negative label with a quote, up to three, then the highest-weighted positives, up to three. Five of six in this category shown.
“Avoid for tight budgets: ... Ledgy (€900/year+)” Grok 4.1 Fast · budget prompt · hard negative
“many reviews note that its scenario modeling lacks depth for complex liquidation preferences” DeepSeek V4 Flash · negative prompt · soft negative
“I'd suggest Carta if you're in the US or Ledgy if you're international/European” MiniMax M2.5 · paraphrase prompt · first choice
“Shortlist 3 (e.g., Carta, Pulley, Ledgy) based on your geography/ESOP needs.” Grok 4.1 Fast · scale prompt · first choice
“If your company is headquartered in Europe, the UK, or APAC, these platforms are highly competitive” Gemini 3.5 Flash · scale prompt · alternative
Comparisons are drawn for the top eight products in each category, each against each. The output is the models' output; nothing here is a recommendation by the index.