# Ledgy vs Shareworks: 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 Ledgy first on the direct prompt; one named Shareworks. Page: https://finance-ai-index.com/corporate/cap-table-management/ledgy-vs-shareworks/

| | First-choice share | Rank | Negative rate | Labels | Models naming it |
|---|---|---|---|---|---|
| Ledgy | 3% | #6 of 8 | 6% | 36 | 12 of 12 |
| Shareworks | 3% | #7 of 8 | 27% | 26 | 10 of 12 |

## The direct prompt, model by model

- MiniMax M2.5: shareworks first (first choices: Carta, Shareworks) (alternatives: EquityZen, Ledgy)
- 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)
- 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 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)

## What the models said about Shareworks

- "treat any enterprise-level platform (Shareworks, Morgan Stanley) as a contract trap for early-stage companies" (DeepSeek V4 Flash, negative prompt, hard negative)
- "and Shareworks, which are overkill and overpriced for a budget-conscious company" (DeepSeek V4 Flash, budget prompt, hard negative)
- "### 3. The One to Skip (with a caveat): Shareworks by Morgan Stanley" (DeepSeek V4 Flash, paraphrase prompt, hard negative)
- "Carta or Shareworks are typically the most balanced choices" (MiniMax M2.5, direct prompt, first choice)
- "Strong for your profile, but quote-only pricing" (DeepSeek V4 Flash, scale prompt, first choice)
- "The gold standard if your company is actively planning an IPO within the next 12 to 24 months... generally considered heavy and slow" (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.