# Eqvista vs Ledgy: which do AI models recommend for cap table management, September 2026

Finance AI Recommendation Index, September 2026 Edition, Cap table management. Zero of twelve models named Eqvista first on the direct prompt; zero named Ledgy. Page: https://finance-ai-index.com/corporate/cap-table-management/eqvista-vs-ledgy/

| | First-choice share | Rank | Negative rate | Labels | Models naming it |
|---|---|---|---|---|---|
| Eqvista | 12% | #3 of 8 | 0% | 35 | 12 of 12 |
| Ledgy | 3% | #6 of 8 | 6% | 36 | 12 of 12 |

## The direct prompt, model by model

- GPT-5.4 mini: neither first, one named (first choices: Carta) (alternatives: Eqvista, Ledgy, Shareworks)
- Gemini 3.5 Flash: neither first, one named (first choices: Carta) (alternatives: ClosingWell, Ledgy, Pulley, Qapita)
- Grok 4.1 Fast: neither first, one named (first choices: Carta) (alternatives: Ledgy, Pulley)
- DeepSeek V4 Flash: neither first, one named (first choices: Carta, Qapita) (alternatives: Ledgy)
- Kimi K2: neither first, one named (first choices: Carta) (alternatives: Cake Equity, Eqvista, Ledgy, Pulley)
- MiniMax M2.5: neither first, one named (first choices: Carta, Shareworks) (alternatives: EquityZen, Ledgy)
- Claude Haiku 4.5: neither named (first choices: Carta) (alternatives: Cake Equity, Pulley, Qapita)
- Perplexity Sonar: neither named (first choices: Carta) (alternatives: Qapita)
- Mistral Small: neither named (first choices: Carta, Qapita)
- Llama 4 Maverick: neither named (first choices: Carta, Pulley, Qapita)
- Qwen 3.7 Flash: neither named (first choices: Carta) (alternatives: Pulley, Qapita)
- GLM 4.7 FlashX: neither named (first choices: Qapita) (alternatives: Cake Equity, Capshare, Mantle, Pulley)

## What the models said about Eqvista

- "Eqvista - G2’s #1 Equity Management Platform, provides comprehensive equity management with expert 409A valuations" (Llama 4 Maverick, paraphrase prompt, first choice)
- "Eqvista is typically the strongest budget pick because it's inexpensive and bundles 409A valuations" (DeepSeek V4 Flash, budget prompt, first choice)
- "I'd recommend starting with Carta Launch (free) or Eqvista (free up to 20)" (Kimi K2, budget prompt, first choice)

## What the models said about Ledgy

- "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)

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. Comparisons are drawn for the top eight products in each category. Published under CC BY 4.0; the output is the models' output, and nothing here is a recommendation by the index.