Quick Overview
- 1#1: Carta - Comprehensive equity management platform providing cap table management, 409A valuations, and scenario modeling for VCs.
- 2#2: PitchBook - Leading data platform for VC deal data, comparable company analysis, and valuation benchmarks.
- 3#3: Pulley - Modern cap table software with automated valuations, fundraising modeling, and portfolio tracking for early-stage VCs.
- 4#4: Equidam - Automated startup valuation tool using multiple methods like DCF, comparables, and scorecards.
- 5#5: Crunchbase - Company database for discovering funding rounds, valuations, and market comparables in VC investing.
- 6#6: Ledgy - Cap table and equity management platform with valuation simulations and investor reporting.
- 7#7: Finbox - Advanced financial modeling tool for DCF valuations, multiples analysis, and private company estimates.
- 8#8: Macabacus - Excel add-in for building professional financial models, LBOs, and DCF valuations used by VCs.
- 9#9: Captable.io - Simple cap table tool for tracking ownership, dilutions, and basic valuation scenarios.
- 10#10: Valutico - Professional business valuation platform supporting VC methods like venture capital and probability-adjusted approaches.
We prioritized tools based on feature breadth (including DCF, comparables, and scenario modeling), operational reliability, user-friendliness, and value—ensuring a curated list that caters to diverse VC workflows, from early-stage startups to established growth firms.
Comparison Table
In the fast-paced world of venture capital, precise valuation is foundational to strategic decisions, and the right software simplifies this process. This comparison table features key tools like Carta, PitchBook, Pulley, Equidam, Crunchbase, and more, detailing their unique strengths, best use cases, and core features. Readers will gain clarity on how each tool aligns with distinct valuation needs—from startup early rounds to scaling businesses—to choose software that enhances efficiency and accuracy.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | Carta Comprehensive equity management platform providing cap table management, 409A valuations, and scenario modeling for VCs. | enterprise | 9.8/10 | 9.9/10 | 9.2/10 | 9.0/10 |
| 2 | PitchBook Leading data platform for VC deal data, comparable company analysis, and valuation benchmarks. | enterprise | 9.2/10 | 9.6/10 | 7.8/10 | 8.1/10 |
| 3 | Pulley Modern cap table software with automated valuations, fundraising modeling, and portfolio tracking for early-stage VCs. | specialized | 8.7/10 | 8.9/10 | 9.2/10 | 8.4/10 |
| 4 | Equidam Automated startup valuation tool using multiple methods like DCF, comparables, and scorecards. | specialized | 8.4/10 | 9.0/10 | 8.5/10 | 7.8/10 |
| 5 | Crunchbase Company database for discovering funding rounds, valuations, and market comparables in VC investing. | enterprise | 7.1/10 | 7.5/10 | 8.3/10 | 6.5/10 |
| 6 | Ledgy Cap table and equity management platform with valuation simulations and investor reporting. | enterprise | 8.4/10 | 8.7/10 | 9.2/10 | 7.9/10 |
| 7 | Finbox Advanced financial modeling tool for DCF valuations, multiples analysis, and private company estimates. | specialized | 7.2/10 | 7.5/10 | 8.5/10 | 7.0/10 |
| 8 | Macabacus Excel add-in for building professional financial models, LBOs, and DCF valuations used by VCs. | specialized | 7.6/10 | 7.2/10 | 8.4/10 | 7.0/10 |
| 9 | Captable.io Simple cap table tool for tracking ownership, dilutions, and basic valuation scenarios. | other | 8.5/10 | 8.4/10 | 9.2/10 | 8.7/10 |
| 10 | Valutico Professional business valuation platform supporting VC methods like venture capital and probability-adjusted approaches. | enterprise | 7.8/10 | 8.2/10 | 8.5/10 | 7.2/10 |
Comprehensive equity management platform providing cap table management, 409A valuations, and scenario modeling for VCs.
Leading data platform for VC deal data, comparable company analysis, and valuation benchmarks.
Modern cap table software with automated valuations, fundraising modeling, and portfolio tracking for early-stage VCs.
Automated startup valuation tool using multiple methods like DCF, comparables, and scorecards.
Company database for discovering funding rounds, valuations, and market comparables in VC investing.
Cap table and equity management platform with valuation simulations and investor reporting.
Advanced financial modeling tool for DCF valuations, multiples analysis, and private company estimates.
Excel add-in for building professional financial models, LBOs, and DCF valuations used by VCs.
Simple cap table tool for tracking ownership, dilutions, and basic valuation scenarios.
Professional business valuation platform supporting VC methods like venture capital and probability-adjusted approaches.
Carta
enterpriseComprehensive equity management platform providing cap table management, 409A valuations, and scenario modeling for VCs.
Independent 409A valuation service with Carta's proprietary benchmarking database for defensible pricing
Carta is the leading equity management platform tailored for venture capital valuation, offering precise cap table management, 409A valuations, and portfolio monitoring tools. It enables VCs to model valuations, run scenario analyses, and track portfolio company equity in real-time with regulatory compliance. Carta's vast data network provides benchmarking insights, making it indispensable for investment decisions and fund reporting.
Pros
- Industry-standard cap table accuracy with real-time modeling
- Automated 409A valuations from independent appraisers
- Robust VC portfolio management and benchmarking data
Cons
- High enterprise pricing not ideal for pre-seed startups
- Initial onboarding and data migration can be time-intensive
- Some advanced customization requires support team assistance
Best For
Mid-to-late-stage venture capital firms and startups managing complex equity structures and valuations at scale.
Pricing
Custom enterprise plans starting at ~$10,000/year based on portfolio size; free tier for basic cap tables, with Pro plans from $299/month.
PitchBook
enterpriseLeading data platform for VC deal data, comparable company analysis, and valuation benchmarks.
Proprietary database of private company valuations, cap tables, and transaction multiples spanning millions of data points
PitchBook is a comprehensive private markets data platform that delivers extensive intelligence on venture capital deals, companies, investors, and fund performance. For VC valuation, it excels in providing comparable transaction data, valuation multiples, cap table insights, and benchmarking tools to support due diligence and modeling. Users leverage its vast database of over 3 million companies and 1.5 million deals to perform data-driven valuations and track market trends.
Pros
- Unmatched depth of private market data including deal terms and valuations
- Powerful search and analytics for comps, multiples, and benchmarks
- Excel integration and customizable reports for valuation modeling
Cons
- Steep learning curve and complex interface for new users
- Prohibitively expensive for small firms or individuals
- Limited built-in modeling tools; relies heavily on data export
Best For
Established VC firms and investment banks needing robust data for sophisticated valuation analysis and due diligence.
Pricing
Enterprise subscriptions start at $25,000+ per user annually, with custom pricing for teams and advanced features.
Pulley
specializedModern cap table software with automated valuations, fundraising modeling, and portfolio tracking for early-stage VCs.
Fully automated 409A valuations that update in real-time as cap table changes occur
Pulley is an equity management platform tailored for startups, providing automated cap table tracking, scenario modeling for funding rounds and exits, and 409A valuations. It streamlines ownership calculations, investor updates, and compliance reporting, making it a solid tool for venture capital valuation in early-stage companies. VCs and founders use it to simulate dilution, option grants, and exit scenarios with real-time accuracy, reducing reliance on spreadsheets.
Pros
- Automated 409A valuations integrated with live cap table data
- Intuitive scenario modeling for fundraising and exit planning
- Investor portal for secure, real-time portfolio transparency
Cons
- Limited depth in advanced VC portfolio metrics like fund-level IRR tracking
- Pricing scales quickly for larger rounds or teams
- Less emphasis on traditional valuation methods like DCF or comparables beyond equity focus
Best For
Early-stage startups and seed/Series A VCs managing cap tables and valuations during rapid growth phases.
Pricing
Freemium with free Starter plan; Growth at $120/month; Pro and Enterprise custom starting around $10K/year.
Equidam
specializedAutomated startup valuation tool using multiple methods like DCF, comparables, and scorecards.
Comprehensive suite of 10+ startup-specific valuation methods in one intuitive platform
Equidam is an online valuation platform designed for startups, SMEs, and investors, offering over 10 standardized valuation methods including DCF, comparables, scorecard, and venture capital methods. It enables quick scenario analysis, cap table modeling, and generation of professional PDF reports for fundraising or investment decisions. The tool supports international users with multi-currency and tax adjustments, making it suitable for early-stage venture capital valuations.
Pros
- Wide range of 10+ valuation methods tailored for startups
- Professional report generation and export options
- Cap table and scenario analysis tools included
Cons
- Limited integration with VC-specific CRM or deal flow tools
- Full features locked behind paid subscriptions
- Less depth for complex late-stage or enterprise valuations
Best For
Early-stage startup founders, angel investors, and advisors needing fast, method-diverse pre-money valuations for fundraising.
Pricing
Free basic valuation tool; Pro plan €29/month; Premium €99/month for unlimited valuations and advanced features.
Crunchbase
enterpriseCompany database for discovering funding rounds, valuations, and market comparables in VC investing.
Extensive funding round database with sector trends and investor mapping for comps-based valuation benchmarking
Crunchbase is a comprehensive database platform that aggregates data on startups, funding rounds, investors, and estimated company valuations derived from disclosed rounds. It supports venture capital valuation by enabling users to discover comparable companies, analyze funding trends, and benchmark metrics like post-money valuations and revenue multiples. While rich in market intelligence, it functions primarily as a data source rather than a dedicated modeling tool for DCF or scenario-based valuations.
Pros
- Vast database of funding data and comps for market-based valuations
- Advanced search, filtering, and list-building for quick comp analysis
- Real-time updates on deals, trends, and investor activity
Cons
- No built-in valuation calculators, DCF models, or scenario tools
- Valuation data often incomplete or estimated from rounds only
- Premium features locked behind expensive subscriptions
Best For
Venture capitalists and investors needing data-driven comps and market intelligence to inform early-stage valuations.
Pricing
Free basic access; Pro at $29/user/month; Enterprise custom pricing.
Ledgy
enterpriseCap table and equity management platform with valuation simulations and investor reporting.
Dynamic waterfall analysis for precise exit scenario modeling and investor return projections
Ledgy is a leading equity management platform designed for startups and scale-ups, offering robust cap table management, ESOP administration, and valuation tools tailored for venture-backed companies. It enables users to model funding rounds, simulate dilution scenarios, and generate compliant valuations such as 409A reports, making it valuable for VCs tracking portfolio equity structures. The software also provides investor portals, automated reporting, and real-time collaboration to streamline stakeholder communications and decision-making.
Pros
- Highly accurate real-time cap table management with audit trails
- Intuitive scenario modeling for funding, exits, and dilutions
- Strong compliance tools including 409A valuations and waterfalls
Cons
- Pricing scales quickly for larger shareholder bases
- More company-centric than VC-specific portfolio analytics
- Limited built-in comparables database for valuations
Best For
Venture-backed startups and portfolio managers seeking integrated cap table and valuation modeling without needing a pure VC analytics tool.
Pricing
Custom quote-based pricing; starts around €1,000/month for Growth plans, scaling with employees, shareholders, and features (Enterprise custom).
Finbox
specializedAdvanced financial modeling tool for DCF valuations, multiples analysis, and private company estimates.
Proprietary automated fair value models combining DCF, earnings power, and peer multiples
Finbox is a financial analysis platform focused on public equities, offering tools like DCF models, fair value estimates, stock screening, and peer comparisons to assess investment opportunities. It provides extensive data on thousands of public companies, including financials, analyst forecasts, and proprietary valuation metrics. While not specifically designed for venture capital, it supports VC valuation through public market comps and multiples analysis for later-stage startups.
Pros
- Extensive public company data for robust comparable analysis
- Powerful DCF and multiples-based valuation tools
- Intuitive interface with Excel plugin for custom modeling
Cons
- Limited support for private company data or early-stage VC methods
- Primarily oriented toward public markets, less ideal for seed/pre-revenue startups
- Full advanced features require higher-tier subscriptions
Best For
VC professionals valuing growth or late-stage startups using public market benchmarks and multiples.
Pricing
Freemium model with free basic access; paid plans start at $25/month (Pro, annual) up to $99/month (Unlimited) and custom enterprise options.
Macabacus
specializedExcel add-in for building professional financial models, LBOs, and DCF valuations used by VCs.
Ultra-fast workbook linking and consistent formatting across complex valuation models and scenarios
Macabacus is a powerful Excel add-in that supercharges financial modeling, formatting, and reporting for finance professionals, including those in venture capital. It enables rapid creation of valuation models like DCF, comparables, and scenario analysis through automation tools, formula auditing, and seamless integration with PowerPoint for pitch decks. While versatile for general financial tasks, it supports VC workflows by streamlining Excel-based projections and cap table basics but lacks deep specialization in startup equity management.
Pros
- Accelerates Excel-based valuation modeling with one-click formatting and linking
- Advanced formula auditing and error checking for reliable VC projections
- Direct export to polished PowerPoint slides for investor presentations
Cons
- Requires strong Excel knowledge; not intuitive for beginners
- No native VC-specific tools like automated cap tables or 409A valuations
- Subscription costs can be steep for solo VCs or small funds
Best For
Excel-savvy VC analysts and firms building custom financial models and pitch materials for startup valuations.
Pricing
Subscription plans start at $19/user/month (billed annually) for core features, with enterprise tiers up to $39/user/month.
Captable.io
otherSimple cap table tool for tracking ownership, dilutions, and basic valuation scenarios.
Interactive scenario simulator for instant 'what-if' analysis on funding rounds and valuations
Captable.io is a cloud-based cap table management platform tailored for startups, founders, and VCs to track equity ownership, model financing rounds, and simulate valuations. It automates dilution calculations, option grants, and exit waterfalls, eliminating spreadsheet errors while providing real-time collaboration. The tool excels in scenario planning for fundraising and 409A valuations, with exportable reports for investors and boards.
Pros
- Intuitive drag-and-drop interface for quick setup
- Accurate real-time modeling of rounds, dilutions, and exits
- Strong collaboration tools for founders and investors
Cons
- Limited advanced valuation algorithms beyond basics
- Fewer third-party integrations compared to enterprise tools
- Reporting templates lack deep customization
Best For
Early-stage startups and seed-stage VCs needing simple, affordable cap table management without enterprise complexity.
Pricing
Free Starter plan; Pro at $99/month (up to 50 stakeholders); Enterprise custom pricing.
Valutico
enterpriseProfessional business valuation platform supporting VC methods like venture capital and probability-adjusted approaches.
Automated peer group selection from 1M+ company database for precise comparable multiples analysis
Valutico is a cloud-based valuation platform tailored for startups, SMEs, investors, and advisors, enabling quick automated valuations using methods like DCF, market multiples, scorecard, and VC-specific approaches. It draws from a proprietary database of over 1 million companies for comparable analysis and generates professional, compliant PDF reports. Ideal for venture capital scenarios, it supports rapid portfolio assessments but focuses more on standardization than deep customization.
Pros
- Fast automated valuations with multiple VC-relevant methods
- Extensive comparable database for peer benchmarking
- Professional, exportable PDF reports with branding options
Cons
- Limited advanced customization for complex models
- Database coverage skewed toward Europe, less global depth
- Higher pricing tiers needed for full VC portfolio tools
Best For
Venture capitalists and startup advisors seeking quick, standardized valuations for early-stage deal screening.
Pricing
Subscription starts at €99/month for basic access; scales to €499+/month for enterprise with unlimited valuations.
Conclusion
The review of top venture capital valuation software highlights a diverse set of tools, each tailored to specific needs, though Carta stands out as the leading choice for its comprehensive equity management, including cap table oversight, 409A valuations, and scenario modeling. PitchBook and Pulley follow closely: PitchBook impresses with its robust deal data and valuation benchmarks, while Pulley simplifies early-stage workflows with automated valuations and portfolio tracking. Together, these tools offer powerful solutions to streamline and enhance VC valuation processes.
To take your VC valuation capabilities to the next level, start with Carta—the top-ranked tool—for its integrated approach to equity management and scenario modeling, ensuring you stay ahead in a dynamic investment landscape.
Tools Reviewed
All tools were independently evaluated for this comparison
