Comparison
Raziel vs Carta
Carta is an equity management platform used by startups to run their cap table, issue equity and handle 409A valuations, and by venture firms for fund administration. Raziel is built for private markets: startups, SPVs, funds and entities, with founder tools under the same login.
Last reviewed October 28, 2026
At a glance
Which one fits you
Start with the portfolio you hold. Here is who each tool is built for, and what it costs.
Choose Raziel if
Investors who want every private position in one portfolio, whether or not the company uses Carta, and founders who want an investor pipeline, updates and a cap table view without an equity administration contract.
Pricing: Founder free to 100 contacts. Investor $49/month after a 14-day trial.
Choose Carta if
Companies that need a system of record for equity: issuing shares and options, running SAFE and priced financings, 409A valuations and compliance, plus venture firms that want fund administration.
Pricing: Free Launch plan for qualifying startups; paid plans not listed publicly
Feature by feature
Raziel and Carta, side by side
The same rows on every comparison, with notes where the answer needs context.
| Feature | Raziel | Carta |
|---|---|---|
| Asset coverage | ||
| Startup equitySAFEs, convertible notes, priced rounds | Yes SAFEs, priced rounds and secondaries, re-marked when a new round is recorded. | Partly Securities issued through Carta appear in your portfolio automatically. |
| SPVs and fund LP positionsCommitments, capital calls, distributions | Yes Commitments, capital called, NAV and distributions beside direct holdings. | Partly Fund administration and investment dashboards are built for fund managers. |
| Entities and vehiclesLLCs, trusts, family office structures | Yes Holdings across LLCs, trusts and personal accounts. | Not listed Not listed for individual investors in the sources we reviewed. |
| Public equitiesBrokerage accounts and stocks | Coming soon Brokerage connections are coming soon. | Not listed Not listed. |
| Real estateProperty values, income, gains | Coming soon Property tracking is coming soon. | Not listed Not listed. |
| CryptoWallets and exchanges | Coming soon Wallet connections are coming soon. | Not listed Not listed. |
| Investor tools | ||
| Returns from cash flowsMOIC, IRR, TVPI, DPI | Yes MOIC, IRR, TVPI and DPI from the cash flows you record. | Not listed Not listed for individual portfolios in the sources we reviewed. |
| Automatic document importStatements, K-1s, SAFEs | Yes Forward statements, capital call notices and SAFEs. AI is optional. | Partly Firms can upload company documents and review an extracted cap table. |
| Portfolio company newsRounds and headlines on your holdings | Yes Rounds and news on the companies you hold. | Not listed Not listed. |
| Founder tools | ||
| Fundraising CRMInvestor pipeline for founders | Yes Kanban pipeline with target checks. | Partly Communication Center tracks engagement; no pipeline board listed. |
| Investor updatesWrite, send and track updates | Yes Open and click tracking. | Yes Send updates and see who read them. |
| Cap tableOwnership, options, dilution | Yes Ownership, options and dilution for the company you run. | Yes Carta’s core product: issuance, financings, 409A. |
| Platform | ||
| SharingAdvisors, family, partners | Yes Owner, editor and viewer roles per workspace. | Yes Control investor access to the cap table and data room. |
| Native mobile appsiOS and Android | Yes Live on the App Store and Google Play. | Yes iOS and Android apps for equity holders. |
| Free planFree tier or free trial | Founder free to 100 contacts Founder is free through 100 contacts. Investor has a 14-day free trial. | Yes Launch is free for qualifying early startups. |
| SecurityMFA, encryption, audits | Mandatory MFA Mandatory MFA, private networking. SOC 2 Type II and ISO 27001 in progress. | SOC 1 and SOC 2 Type 2 reports |
| More differences | ||
| Equity issuance and 409A valuationsCarta issues shares and options and offers 409A valuations. | No | Yes |
| Track companies that do not use CartaCarta documents adding non-Carta companies for fund administration clients. | Yes | Partly |
- Yes
- Partly
- Coming soon
- No
- Not listed
Key differences
What actually sets them apart
-
System of record versus portfolio tracker
Carta is where a company issues and administers equity, so it is the legal record of the cap table. Raziel tracks positions and keeps a cap table view, but it does not issue securities or provide 409A valuations.
-
Which holdings you can see
On Carta, an investor’s portfolio fills in from securities issued through Carta. Raziel lets you add any startup, SPV or fund, whether the company uses Carta, another provider or a spreadsheet.
-
Fundraising workflow for founders
Carta covers SAFE issuance, wire requests and update engagement tracking. Raziel adds a Kanban fundraising pipeline with target checks next to investor updates and the cap table.
-
Pricing
Carta Launch is free for startups under 25 stakeholders and $1M raised, with paid plans after that. Raziel’s Founder plan is free through 100 contacts, then $29/month, and the Investor plan is $49/month through 30 companies.
To be fair
Where Carta is strong
No tool is right for everyone. These are the areas where Carta does more than Raziel today.
- Carta is a full equity administration platform: share and option issuance, financings, 409A valuations and compliance forms that Raziel does not offer.
- For companies on Carta, shareholders see their securities without any data entry.
- Fund administration for venture firms, including investment dashboards across funds.
- Independent SOC 1 and SOC 2 Type 2 reports today, where Raziel’s SOC 2 Type II is in progress.
Pricing
What each costs
Raziel
Founder free to 100 contacts. Investor $49/month after a 14-day trial.
- Founder: free through your first 100 contacts, then $29/month.
- Investor: 14-day free trial, then $49/month through 30 companies.
- Investor: $199/month for more than 30 companies.
- Paid plans auto-renew until you cancel.
See full pricing
Carta
Free Launch plan for qualifying startups; paid plans not listed publicly
- Launch: free for startups with under 25 stakeholders and less than $1M raised.
- Paid plans apply after 25 stakeholders, $1M raised, or when you need a 409A valuation.
- We could not find current paid plan prices on Carta’s public pages.
As listed on October 28, 2026. Check Carta’s site for current prices.
Switching
Moving from Carta to Raziel
Most of the setup is importing what you already have. The Investor plan starts with a 14-day free trial.
- Keep Carta as your company’s system of record if you use it to issue equity. Raziel works alongside it.
- Add the positions you hold, including companies that are not on Carta, or import them from a spreadsheet.
- Forward SAFEs, closing documents and fund statements so Raziel’s AI records the terms.
- Founders: move your investor pipeline into Raziel’s Kanban board and send updates from the same workspace.
Raziel vs Carta: questions
Does Raziel replace Carta?
Not for equity administration. If your company issues shares and options or needs 409A valuations, Carta does that and Raziel does not. Raziel is for tracking your investments across every company and for running fundraising and investor updates.
Can I track investments in companies that do not use Carta?
In Raziel, yes. You can add any startup, SPV or fund, import a spreadsheet, or forward documents. Carta’s individual portfolio is built around securities issued through Carta.
Is Carta free?
Carta Launch is free for startups with under 25 stakeholders and less than $1M raised. After that, or when you need a 409A, you move to a paid plan. Raziel’s Founder plan is free through your first 100 contacts.
Do both have mobile apps?
Yes. Carta has iOS and Android apps for equity holders, and Raziel is live on the App Store and Google Play for investors and founders.
Sources
Where this information comes from
Product details change. Information about Carta comes from public sources listed below, reviewed October 28, 2026. Spotted something out of date? Contact us.
- Carta Launch (free plan and eligibility) (carta.com)
- Carta investor relations and updates (carta.com)
- Carta blog: fundraising with Carta (carta.com)
- Carta product update: investments dashboard (Jan 2026) (carta.com)
- Carta support: adding non-Carta investments (support.carta.com)
- Carta on the App Store (apps.apple.com)
- Carta Android app listing (AppGoblin) (appgoblin.info)
- Carta release notes: cap table access on iOS (releasenotes.carta.com)
- Carta blog: SOC reports (carta.com)
Last reviewed October 28, 2026. Raziel details come from our pricing and security pages.
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- Fundraising CRM and investor database Raziel vs Foundersuite Foundersuite is a fundraising platform for startups. Read the comparison
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Track every private position in one place
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