Cap table software that tracks who owns what.
Free to start.
Import your spreadsheet, keep supported security classes on one ledger, and see fully diluted ownership before and after a round. The Founders plan is free forever.
Capitalization: fully diluted
Live · v41| Stakeholder | Class | Units | Ownership |
|---|---|---|---|
| Founders (2) | Common | 6,000,000 | 48.6% |
| Series A | Preferred | 3,200,000 | 25.9% |
| Seed SAFEs | Converted | 1,450,000 | 11.7% |
| Option pool | Reserved | 1,300,000 | 10.5% |
| Advisors | Common | 400,000 | 3.2% |
A cap table in a spreadsheet drifts.
Every round, grant, and transfer is another formula to update by hand. Versions multiply, percentages stop tying to the dollars, and the one number an investor asks for is the one nobody trusts. The drift stays invisible until diligence makes it expensive.
Diligence Ready keeps one reconciled ledger, so the cap table you share is the cap table you can defend.
One ledger. Every security type. Always reconciled.
Every security class
Common, preferred, SAFEs, convertible notes, options, and warrants: modeled explicitly, including conversions, so fully diluted ownership stays true before and after a round.
Every number ties out
Percentages tie to dollars and dollars tie to units, because the ledger enforces it on every transaction rather than leaving it to a reconciliation pass later.
Version history & as-of dates
Snapshot the table at any date and see exactly what changed between versions. A complete audit trail means you can always show your work.
Linked to the paper
Every issuance ties back to its underlying agreement, so the document behind any line is one click away when an investor asks.
What-if modeling
Test a priced round, an option-pool refresh, or an exit waterfall against the live table, then hand the board a clean PDF.
Investor-ready exports
One click to a board- or investor-grade PDF or spreadsheet that matches the ledger exactly: no manual cleanup, no surprises.
See the whole company in one view.
Fully diluted ownership across every class, updated the moment a transaction posts. Drill from a slice to the stakeholder to the signed document behind it.
- ✓ Live fully-diluted breakdown by class and holder
- ✓ Draft-to-final workflow with a full audit trail
- ✓ As-of-date snapshots you can compare side by side
- ✓ Termination & forfeiture with a preview: reversible if entered in error
- ✓ Every line traceable to its agreement
Fully-diluted ownership
v41Bring your spreadsheet. Leave the drift behind.
Import your existing cap table and start from a clean, defensible ledger, not a fresh blank slate, and not the mess you've been maintaining by hand.
Start free →Cap table basics.
What is a cap table?
A capitalization table, a "cap table", is the record of who owns what in a company: every share, option, SAFE, and convertible note, and the ownership percentage each represents on a fully diluted basis. It's the source of truth for fundraising, employee equity, and any capital event.
What is cap table software?
Cap table software replaces error-prone spreadsheets with a live, reconciled ledger of every security class. It tracks issuances, transfers, conversions, and option grants; keeps a full version history and audit trail; and produces investor-ready exports on demand.
When does a startup need cap table software?
The moment ownership stops being trivial, after your first priced round, your first SAFEs or convertible notes, or your first option grants. Once more than a couple of stakeholders are involved, a spreadsheet drifts out of sync and becomes a liability during diligence.
How should an early-stage startup choose cap table software?
Look for one reconciled ledger with version history, an audit trail, and every issuance tied to its agreement. Every security class (common, preferred, SAFEs, convertible notes, options, and warrants) should be modeled explicitly, including conversions, so fully diluted ownership stays true before and after a round. Ask whether the tool also covers scenario modeling, financial evidence, and diligence sharing, and whether the provider publishes current pricing you can verify. Diligence Ready's Founders plan includes it free for 3 users and 1 scenario. To compare tools, see alternatives.
Can I import my existing cap table from a spreadsheet?
Yes. Bring your existing cap table in from a spreadsheet, and Diligence Ready reconciles imported numbers onto one ledger on the way in, you remain responsible for the records, so the migrated version is one you can defend in diligence.
Does Diligence Ready handle SAFEs and convertible notes?
Yes. SAFEs, convertible notes, warrants, options, and common and preferred stock are all first-class security types. Conversions are modeled explicitly, so your fully diluted ownership stays accurate before and after a round.
Cap table guides.
The equity concepts behind a clean cap table, explained plainly. Browse all guides →
What is a cap table?
What a capitalization table records, why it matters, and when a spreadsheet stops being enough.
Read the guide → FundraisingWhat is a SAFE?
Simple Agreements for Future Equity, valuation caps and discounts, and how they convert.
Read the guide → ValuationPre-money vs. post-money
The difference one phrase makes to your ownership, and the math founders most often get wrong.
Read the guide → Term sheetsLiquidation preferences, explained
How preferences decide who gets paid first at an exit, and why 1× non-participating is the norm.
Read the guide →The cap table is where it starts.
The numbers add up.
Start free, import your spreadsheet, and keep one reconciled ledger from your first SAFE to your next round.